Reinsurance
Former Aspen head launches Chord Re MGA
Former Aspen Re head Stefan Long has launched managing general agent Chord Re, which will underwrite on behalf of Neon Syndicate 2468.
Peak Re approved by Monetary Authority of Singapore
Hong Kong-headquartered reinsurer Peak Re has been approved to write life and general insurance in Singapore.
Generali Q3 profits tumble 9.9% on Dutch sale loss
Generali posted a 9.9% drop in nine-month profits due to a loss on the sale of its Dutch business
PRA outlines supervisory framework for ILS
The Prudential Regulation Authority has published final rules setting out how it will authorise and supervise insurance special purpose vehicles, which will be used to issue insurance linked securities in the UK.
Munich Re posts €1.4bn Q3 loss as nat cats weigh on results
Munich Re has posted a €1.4bn (£1.2bn) loss for the third quarter as the impact of natural catastrophes in the US and Caribbean take their toll on results.
Asia Capital Re calls off sale
Singapore-based reinsurer Asia Capital Re has called off its sale to Chinese investors.
JLT outlook remains confident as headwinds fail to hamper results
Insurance and reinsurance provider JLT does not expect the recent wave of natural disasters to affect its full year out-turn and believes it will deliver organic revenue growth for 2017.
Hiscox reports hardening in market due to catastrophes
Hiscox's London market business will increase its capacity by £450 million to £1.6 billion in anticipation of a market turn due to major catastrophe losses.
Berkshire Hathaway hit for $3bn from Q3 natcats
Berkshire Hathaway's reinsurance and insurance division is in the red for underwriting in 2017 after a string of major natural disasters.
Swiss Re Corporate Solutions falls to $762m loss
Global reinsurer Swiss Re's insurance arm Swiss Re Corporate Solutions has been hit hard by natural catastrophes this year.
Analysis: Pandemic bonds
Pandemics bonds have launched, with the help of the insurance market, to channel surge funding to developing countries dealing with a disease outbreak.
Sompo creates agriculture platform
Bermuda-based specialty (re)insurer Sompo International Holdings has created an integrated agriculture platform called Agri Sompo.
Willis Towers Watson’s Alastair Swift on Blockchain, smart contracts and transactional efficiency
Blockchain and smart contracts could help the insurance industry increase the efficiency of its transactions and data analysis, explains Alastair Swift, head of corporate risk and broking, GB, Willis Towers Watson.
Swiss Re estimates $3.6bn of Q3 natural disaster costs
Global reinsurance giant Swiss Re has estimated its combined claims payouts in the third quarter from hurricanes Harvey, Irma and Maria and the earthquakes in Mexico will be around $3.6bn (£2.75bn).
Start-up Insurdata raises over $1m in seed financing
Insurtech start-up Insurdata has raised over $1m (£0.76m) in seed financing from investors including Menlo Ventures, Anthemis Baloise Strategic Ventures and Plug and Play.
Steve Arora appointed as CEO of Axis Re
Axis Capital Holdings has appointed Steve Arora as CEO of Axis Re.
Brightside's Mark Cliff on the impact of the discount rate for brokers
Insurers have been vocal about their feelings about the discount rate but Mark Cliff, executive chairman at Brightside Group, notes this has also affected brokers, who have been at the sharp end of market turmoil.
Novae adopts Axis brand as deal is completed
Axis has completed its acquisition of Novae, which will be merged into the Bermudan-insurers brand.
Intangible risks affecting businesses could force the insurance market to restructure, says WTW's Aubert
Nicolas Aubert, head of Willis Towers Watson GB, has suggested that the insurance market consider its fundamental structure as the number of intangible risks facing businesses shows no sign of abating.
Insurance United Against Dementia: Swiss Re UK CEO O'Neill on why tackling Alzheimer's is important
Cycling up mountains is a pretty extreme way to spread the word about the work of Alzheimer’s Society far and wide.
Interview: Manjit Takhtar, Charles Taylor Insurance Services
Manjit Takhtar, finance director and interim CEO of Charles Taylor Insurance Services, talks about hurricane claims and the role of the business in incubating maanging general agents.
Scor braces for €430m nat cat bill in Q3
Scor estimates the cost of the Harvey, Irma and Maria hurricanes and the mexico earthquakes at €430m.
Nate makes US landfall, weakens to a tropical depression
Hurricane Nate, the fourth hurricane to make landfall in the US in the past two months, has weakened to a tropical depression.
Willis Re and Tiger Risk team up on reinsurance placement platform
Willis Re and Tiger Risk Partners have teamed up to develop the X-gRm reinsurance online placement platform.