Reinsurance
Fresh capital to make reinsurance rate rise short-lived
New capital entering the reinsurance sector will wash away any relief gained from rate rises at January renewals, Aon Benfield has said.
MS Amlin establishes Bermudian reinsurer
MS Amlin has established a special purpose reinsurer in Bermuda to provide collateralised capacity support for its reinsurance portfolio.
Cat bond issuance reaches $10.5bn in 2017
Catastrophe bond activity set a new record last year with full-year 2017 cat bond issuance totalling $10.5bn (£7.75bn), according to Property Claim Services.
Market Moves: January
The movers and shakers in insurance this month.
Navigators secures market access through Belgian acquisitions
Navigators has purchased two Belgium-based businesses in a €35m deal which it hopes will allow continued access to the European market after Brexit.
Brit launches Sussex Capital
Specialty insurer and reinsurer Brit has launched a Bermuda-domiciled reinsurance platform, Sussex Capital.
Guernsey-based funds complete first ILS trades on blockchain
Solidum Re has successfully completed the first two secondary market ILS trades on a blockchain.
Former Lloyd’s management director Tom Bolt joins AIG
AIG has named former Lloyd’s performance management director Tom Bolt as chief underwriting officer, general insurance.
Hiscox Re names underwriting director
Hiscox has named Megan McConnell as director of underwriting for Hiscox Re in London.
Career File: Steve Arora
Axis Capital Holdings has appointed Steve Arora as CEO of Axis Re
Interview: Daniel Schreiber, Lemonade
Lemonade CEO Daniel Schreiber talks about the expansion plans of the US-based start-up that uses artificial intelligence to validate claims and donates profits to charities.
Q3 nat cats accelerated plans for Ascot Re, says Brooks
Recent natural catastrophe activity across the Atlantic has sped up Ascot’s expansion plans, the group's CEO told Post.
Brit launches third-party capital backed specialty reinsurer
Specialty insurer Brit has launched a specialty reinsurance platform, Scion Underwriting Managers, which will take advantage of both Brits own balance sheet, other markets and third-party capital providers.
Ascot launches Bermuda-based reinsurer
Global property & casualty underwriter Ascot has launched a reinsurance business in Bermuda.
Haegeli named Swiss Re's chief economist
Jerome Jean Haegeli will become Swiss Re's group chief economist at the Swiss Re Institute.
H2 nat cats set to push up P&C pricing, says Swiss Re
Prices in non-life insurance and reinsurance are expected to increase as a result of the recent nat cat activity across the Atlantic, Swiss Re has said.
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.
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.
Profile: Jon Turner, Pen Underwriting
After spending the past year hiving up a dozen entities under the Pen Underwriting roof, CEO Jon Turner talks to Will Kirkman about the managing general agent’s drive to be a ‘virtual insurer’ with the firepower to invest in data analytics and new…
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.
Hamilton appoints Munich Re chief Giuseppina Albo as CEO
Munich Re board member Giuseppina Albo is leaving the group to become CEO of Hamilton Insurance Group.
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.
This Month in Post: I met your new robot overlords
Chatbots are all the rage at present, but a cursory test of a few available systems shows that we’re still a long way from passing the Turing test.