Ed to open Bermuda operationGlobal wholesale and specialty broker Ed is to expand its international footprint by setting up a broking platform in Bermuda to develop business in the important (re)insurance hub.
Coverys to provide capacity to former R&Q syndicate 1991Coverys – the managing agency of Syndicate 1991 – will become a capacity provider to the Lloyd’s carrier from 1 January 2019.
TMK builds out Singapore team with Chubb hireTokio Marine Kiln (TMK) has appointed Jamie Tang as a property underwriter in Singapore.
Peak Re unveils $75mn sidecar Lion Rock ReHong Kong-headquartered Peak Re has unveiled a $75mn special purpose insurer (SPI) which it describes as Asia’s first-ever sidecar.
StarStone ends QS with ILS fund SecurisStarStone has ended its partnership with major ILS provider Securis, The Insurer can reveal.
Markel didn’t invest in CatCo’s $2.3bn+ “reload”Markel Corp didn’t invest in CatCo’s mammoth $2.3bn+ fund raising that occurred in late 2017 after Hurricanes Harvey, Irma and Maria caused more than a $100bn+ of industry losses while tying up billions of dollars of capital among ILS funds.
Sanford leads trio of PartnerRe exitsPartnerRe is set to see the departure of a trio of senior underwriting executives led by Head of North America P&C Richard (Dick) Sanford, The Insurer can reveal.
Enstar completes $200mn AmTrust investmentBermudian legacy-to-live carrier Enstar has completed its $200mn investment in Evergreen.
CNA gets improved deal on PL quota shareUS insurer CNA has been rewarded by reinsurers for the performance to date of its professional liability quota share with an extra half a point of ceding commission, The Insurer can reveal.
Gallagher snaps up aviation broker Boston MarksArthur J Gallagher has snapped up Boston Marks Group which includes Boston Marks Insurance NZ in New Zealand, BMG Aviation in Australia and the book of business of Boston Marks Insurance Brokers in the United Kingdom.
Markel CatCo shares fall to all-time low following regulatory investigation revelationShares in the listed fund of retro investment specialist Markel CatCo fell 25 percent in London trading today (06 December) as the firm revealed US and Bermuda authorities are looking into loss reserves recorded in late 2017 and early 2018 at CatCo and its subsidiaries.
Axa XL ratings upgraded following mega-merger completionXL Group and Axa have both had their ratings removed from under review with developing implications and their financial strength rating upgraded by AM Best.
Validus Specialty swoops on Argo for CUO hireValidus Specialty has appointed Stephen McGill as Senior Vice President and Chief Underwriting Officer of Validus Specialty, Western World and Crop Risk Services, effective immediately.
Markel CatCo under investigation by US/Bermuda authoritiesMarkel CatCo - a leading provider of collateralised retro capacity - confirmed last night it is under investigation by “US and Bermuda authorities” over its loss reserves.
Majority of $10bn+ wildfire damage to be covered by insurance: AonThe majority of the losses stemming from the wildfires that ravaged parts of California last month will be insured, according to Aon.
Ed names Kendall head of cat & exposure managementGlobal reinsurance, wholesale and specialty broker Ed has appointed Jo Kendall as head of catastrophe and exposure management.
AM Best upgrades global reinsurance market to stableAM Best has revised its outlook for the global reinsurance segment to stable from negative.
Mercer to name JLT exec as new COOInvestment consultancy Mercer will make the CEO of JLT’s employee benefits arm, Bala Viswanathan, its chief operating officer when the acquisition of JLT by its parent company MMC completes.
AIR pegs Camp Wildfire insured losses at $6bn - $9bnCatastrophe risk modeling firm AIR Worldwide estimates that industry insured losses from the Camp Fire in Northern California will be between $6bn and $9bn.