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eReinsure to Offer Blockchain Placement Service

Online broker eReinsure.com is gearing up to launch a new blockchain service to its reinsurance platform in the coming months on the back of growing client demand, the company announced today (8th January).

R&Q's CEO-elect departs in major restructure

Tom Booth, the CEO-elect of the London-listed insurance group R&Q, has resigned as a director with immediate effect and will be leaving the organisation to “pursue alternative opportunities”, the firm announced this morning (8 January).

Fema boosts NFIP reinsurance spend by more than 50%

US government-run flood cover scheme, the National Flood Insurance Program (NFIP), has upped its spending on private market reinsurance by more than half as the agency bolstered its coverage in the wake of last year’s devastating storms.

AM Best ups outlook for US commercial lines segment

AM Best has improved its outlook for the US commercial lines sector as it predicted that the segment would post a net profit for 2017 despite the string of catastrophes.

Kea Trader loss to cost marine (re)insurers at least $170mn

Mariners have been notified that losses from the Kea Trader are expected to cost the industry upwards of $170mn which means at least $70mn falling into the first layer of the giant International Group XoL reinsurance programme, Reinsurance can reveal.

Beale to replace Philipps as MS Amlin CEO

Simon Beale, MS Amlin’s Chief Underwriting Officer, will succeed Charles Philipps as CEO at the (re)insurer following his retirement in April.

Reinsurers concede ground to deliver muted rate hikes: JLT Re

Despite an early push from reinsurers to achieve more substantial rate hikes at 1 January, many conceded ground as the key renewal date approached, according to JLT Re’s North America CEO Ed Hochberg.

Neon launches the UK’s first $72mn ILS vehicle

Neon has unveiled the UK’s first ILS vehicle, a $72mn protected cell company that will write a quota share for the American Financial Group-owned Lloyd’s business.

Reinsurance capital shrinks for the first time in almost a decade

For the first time in almost a decade, the level of reinsurance capital shrank last year following the circa $140bn of record insured cat losses in 2017, according to analysis from JLT Re.

Reinsurance market could grow beyond $260bn in 2018

Property cat rises may have been less than expected but there are still reasons to be optimistic, say broking executives

1.1 renewal clearly a disappointment to reinsurers: Willis Re

The key 1 January renewal was ‘clearly’ a disappointment for many reinsurers, which were ‘unsuccessful’ in achieving meaningful risk-adjusted rate increases, according to the global CEO of Willis Re James Kent.

‘Disappointing’ renewal a consequence of over concentration on property cat: Willis Re

Reinsurers concede ground to deliver muted rate hikes: JLT Re

London market welcomes BoE Brexit move; onus on EU to reciprocate

The UK insurance sector has welcomed the City regulators’ proposals that international (re)insurers will not be required to endure a prolonged regulatory process to set up subsidiaries to operate in the London market post-Brexit.

Ed hires Clarkson-led marine team

Heather Clarkson, a senior London market Aon marine executive, joins the private equity backed wholesaler Ed in early 2018 to become the managing director of the broker’s marine practice, Reinsurance can reveal.

R&Q partners with AXA for Hamilton RITC

Bermudian-domiciled Hamilton Insurance Group has appointed legacy specialists Randall & Quilter (R&Q) to reinsure its Lloyd’s run-off book that it inherited when it acquired Sportscover managing agency in 2015.

Swiss Re pegs global insured cat losses at $136bn

The losses incurred globally from catastrophes in 2017 are estimated to stand at $136bn, according to Swiss Re’s latest Sigma report.

New MGA Volante launches with capital from Nephila

Volante, a new multi-class and multi-territory international managing general agent (MGA) platform, will launch and commence trading during Q1 2018.

Sirius Syndicate 1945 places marine book into run-off

Sirius has placed its marine cargo, treaty and yacht books of business at Lloyd’s into run off, Reinsurance can reveal.

Giles to join London Market broker as chairman

London broker Endeavour Insurance Services is poised to signal its ambitious growth strategy with the arrival of the well-known UK insurance figure Chris Giles, Reinsurance can reveal.

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eReinsure to Offer Blockchain Placement Service

R&Q's CEO-elect departs in major restructure

Fema boosts NFIP reinsurance spend by more than 50%

AM Best ups outlook for US commercial lines segment

Kea Trader loss to cost marine (re)insurers at least $170mn

Beale to replace Philipps as MS Amlin CEO

Reinsurers concede ground to deliver muted rate hikes: JLT Re

Neon launches the UK’s first $72mn ILS vehicle

Reinsurance capital shrinks for the first time in almost a decade

Reinsurance market could grow beyond $260bn in 2018

1.1 renewal clearly a disappointment to reinsurers: Willis Re

‘Disappointing’ renewal a consequence of over concentration on property cat: Willis Re

Reinsurers concede ground to deliver muted rate hikes: JLT Re

London market welcomes BoE Brexit move; onus on EU to reciprocate

Ed hires Clarkson-led marine team

R&Q partners with AXA for Hamilton RITC

Swiss Re pegs global insured cat losses at $136bn

New MGA Volante launches with capital from Nephila

Sirius Syndicate 1945 places marine book into run-off

Giles to join London Market broker as chairman