Reinsurance
Sompo closes Endurance deal, launches International unit
Sompo Holdings has completed its $6.3bn acquisition of Endurance Specialty, and will integrate the Bermudian carrier through a new unit, Sompo International.
Global insured disaster losses hit $54bn in 2016: Swiss Re
Natural catastrophes and man-made disasters in 2016 resulted in insured losses of $54bn (£43bn), an increase of 46%, according to Swiss Re's latest Sigma study.
Hannover Re acquires Argenta syndicate
Hannover Re is to acquire the Lloyd’s managing agent and holding company Argenta for an undisclosed sum.
Guernsey and China sign regulation MoU
Guernsey has signed a memorandum of understanding with the China Insurance Regulatory Commission, signalling an increased level of cooperation between the regulatory bodies of both markets.
Greenlight Reinsurance Ireland appoints ex-Liberty chief as CEO
Property and casualty reinsurer Greenlight has appointed ex-Liberty boss Patrick O’Brien as CEO of the company.
Two reinsurance brokers enter Indonesia
The Financial Services Authority of Indonesia has granted operating licenses to two more reinsurance brokers.
China: The new silk road
China’s One Belt, One Road initiative is one of the most ambitious infrastructure projects the world has ever seen.
Esure unveils plan to ride out reinsurance rate rises
CEO also says business will 'shrink' home portfolio
LMG seeks new EU cross-border deal for market
The London Market Group has called for a new trade deal between the UK and the European Union that will allow insurers to operate across borders.
Hong Kong government advisory report laments reinsurance failings
A Hong Kong government advisory group is recommending changes in captive, marine and reinsurance regulations to help turnaround the SAR's Asia hub status.
Solvency II safeguards mean no need for EU rule change
The safeguards provided by Solvency II mean that a new EU framework on recovery and resolution for insurers is not required, according to Insurance Europe.
The NRC: From Russia with tough love
The Russian Federation has launched a state-backed reinsurer that will take a hefty slice of outward reinsurance contracts and is raising fears that the London market could lose out.
Asta invests in Arma Underwriting
Lloyd’s managing general agent Asta is to finance the development of Arma Underwriting, a London and Dubai reinsurance MGA.
Swiss Re CUO to step down
Swiss Re’s Matthias Weber is to step down as group chief underwriting officer.
Swiss Re Q4 profit drops 45% due to nat cat claims
Reinsurance giant Swiss Re has reported a 45% drop in fourth quarter net profit, citing costly natural catastrophe claims for the fall in profit.
Scor Global P&C posts GWP of €5.3bn for 2016
Scor Global P&C reported gross written premiums of €5.3bn (£4.4bn) at the end of 2016, an increase of 1.2% at constant exchange rates.
Solvency II driving demand for reinsurance
January renewals show that Solvency II will increase demand for reinsurance products as European insurers attempt to strengthen their capital position through risk transfers, according to Fitch Ratings.
Dual's Hillier on the opportunities for title insurance providers in India and the US
While they differ in scale, legislation and stage of development, today’s US and Indian title insurance markets have one important commonality: both offer interesting new opportunities for growth.
ILS market hits $75bn in 2016, says WCMA
Non-life insurance-linked securities grew to $75bn (£60bn) in 2016 overcoming a tough operating environment, according to Willis Capital Markets & Advisory.
Catastrophe bonds: A good year for disaster
Catastrophe bonds were invented in the early 1990s to help insurance companies mitigate the risk of major disasters. With storms brewing both politically and environmentally, can the catastrophe bond market open new doors to insurers in 2017?
What US sanctions may look like under the Trump administration
There is quite a bit of uncertainty regarding the direction of US sanctions policy under president Donald Trump's administration. Various forces drive in different directions.
Reinsurers increasing insurtech investment to counter growing competition
Reinsurers are increasingly investing in insurtech to mitigate external threats from venture capital investment, experts told Post.
Neon appoints Pritchard as property head
Neon has appointed of Nick Pritchard as head of property reinsurance.
What UK sanctions may look like post-Brexit
2016 was a momentous year that heralded a series of political developments with far-reaching consequences for international trade. Speculation and uncertainty abound about what Brexit means for international trade and sanctions.