Reinsurance
Marcell named Aon’s reinsurance head
Aon has named Andrew Marcell as CEO of Reinsurance Solutions.
Analysis: Protecting against protectionism
Protectionism is posing challenges to the insurance market, but also creating some opportunities, especially for trade credit cover.
Allianz takes 8% stake in Africa Re
Allianz is to take an 8% stake in Africa’s leading reinsurer Africa Re.
Berkshire becomes third-largest reinsurer on back of AIG deal
Warren Buffett’s Berkshire Hathaway became the world's third-largest reinsurer in 2017, ending European dominance over the top four.
Scor names McMurdo UK insurance CEO
Stuart McMurdo has been named CEO of Scor’s UK insurance business.
Analysis: How Lloyd's is faring in the Middle East
As economies in the Middle East diversify, new opportunities for insurers and reinsurers are beginning to show themselves. Is the London Market taking full advantage?
Lancashire profit jumps 48% in Q1
Property and casualty insurer Lancashire Holdings saw a 48% jump in pre-tax profit for the first-quarter.
Lloyd's CFO Parry to depart in 2019
Lloyd’s chief financial officer John Parry, has decided to leave the Corporation after 17 years.
Rate increases remain inconsistent, says JLT
Rate increases remain inconsistent with rises largely limited to loss effective lines of business, according to Jardine Lloyd Thompson.
Analysis: Takaful, all promise and little delivery
With more than three million Muslims in the UK, there has long been a feeling that sharia-compliant insurance products should find a market but the reality has proved the opposite. So far, every attempt to establish a takaful insurer in the UK domestic…
Underwriting pressure drives negative outlook for London market
Underwriting pressure from the high cost of doing business have caused Fitch Ratings to report a negative sector outlook for London market reinsurance and insurance in 2018.
Lloyd’s launches Casablanca office
Lloyd's has opened an office in Morocco’s Casablanca Finance City as the market targets growth in North Africa.
Downstream energy sector suffers worst loss in nearly a decade
The downstream energy sector suffered its worst loss record for nearly a decade in 2017 with low rating levels exacerbated by one of the worst catastrophe loss years on record.
Analysis: Global run-off market remains buoyant
The perfect storm of conditions that has allowed the legacy sector to boom over the past couple of years looks set to continue throughout 2018 as capital continues to flow into the market, fuelling a pipeline of deals.
Analysis: What happened to CBL Insurance?
Last month once again saw a passported insurer placed into liquidation, with the collapse of CBL causing ripples throughout Europe
Business interruption to fall under terrorism cover
Businesses disrupted by terrorist attacks will soon be able to claim under their insurance policy.
Underlying performance needs to improve, says Lloyd’s CFO
The underlying underwriting performance of Lloyd’s syndicates needs to improve following the market's first loss in six years, John Parry has said.
City Minister on why the government is supporting insurance as the engine of the economy
City Minister John Glen is confident the new UK framework for insurance linked securities will help the market grow.
Munich Re to cut 900 jobs as reinsurer targets profits surge in 2018
Munich Re is to axe 900 jobs as part of cost saving efforts in its reinsurance business.
Former Integro bosses to launch London market platform for Beach
Former Integro bosses John Sutton and Toby Humphreys have been appointed to lead a specialty and wholesale platform at broker Beach.
Burford Capital to set up insurance company in Guernsey
Investment management firm Burford Capital has received outline approval to set up an insurance company in Guernsey.
Esure broadened risk appetite to spur motor growth, says Ogden
Esure has been able to grow its motor book substantially over the past three years as a result of a more relaxed risk appetite.
Alpha Insurance in liquidation, blames CBL
Alpha Insurance has placed itself into solvent liquidation as a “direct consequence” of the failure of CBL Insurance.
Axa can do what Catlin could not: XL CEO
An XL Group under Axa would provide the Bermuda-based specialty insurer with the scale and competitive edge that it failed to achieve from the landmark Catlin acquisition, XL’s CEO said.