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Bermuda-based insurance holding company Athene is set to acquire Delta Lloyd Deutschland (DLD) and its subsidiaries, the German subsidiary companies of Delta Lloyd. 15 January 2015
News
The chief executive officer of Amlin’s reinsurance subsidiary Amlin AG has resigned from the company. 15 January 2015
Insurance
Randall & Quilter (R&Q), the insurance services and investment company, has reached a preliminary agreement to sell R&Q Marine Services (RQMS) and the business of Synergy to the Hiscox Group. 14 January 2015
News
Continuing pressures in the reinsurance market are forcing companies managing the cycle to continue to reduce their retained exposure to classes of business that do not meet acceptable return hurdles. 13 January 2015
Alternative Risk Transfer
The establishment of starts up via sidecars and collateralised reinsurance continues to rise as the market no longer requires a “biblical scale disaster” to attract interest. 12 January 2015
Insurance
XL Group has finalised a deal that sees it buy Catlin for $4.1 billion. The new entity, to be known as XL Catlin, will boast some $10 billion of total net premiums, more than $3 billion of net reinsurance premiums and make it one of the ten biggest reinsurance groups globally. 9 January 2015
Alternative Risk Transfer
A series of ‘firsts’ seen by the insurance-linked securities (ILS) market in 2014 have been transformational for the sector, which saw $7.8 billion of issuance, of which $1.5 billion represented the largest catastrophe bond in the market’s history. 7 January 2015
Insurance
Bermuda-based Catalina, through its Irish subsidiary, is set to acquire a portfolio of UK and EU insurance liabilities in run-off from Quinn Insurance. 7 January 2015
News
In a continuing trend, reinsurance pricing fell at the January 2015 renewals in almost all lines of business and geographies. 7 January 2015
Alternative Risk Transfer
Swiss insurer, Gebäudeversicherung Bern (GVB), has launched the first ever Swiss Franc catastrophe bond. 6 January 2015
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