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Insurance
A number of representative bodies and Lloyd’s have welcomed the announcement by the Bank of England that it will allow EU banks and insurers to operate normally in the UK post-Brexit and is undertaking a review of its authorising and supervision policies for international firms. 21 December 2017
Insurance
Volante Global, a new multi-class and multi-territory international managing general agent (MGA) platform which will commence trading during the first quarter of 2018, plans to launch a reinsurance MGA in early 2018. 20 December 2017
Insurance
Dutch firm EXIN Financial Services Holding has appointed Christos Adamantiadis as the new principal executive for the group’s portfolio companies and as a member of executive committee. 20 December 2017
Insurance
Property/casualty insurer Travelers Europe will apply to the Central Bank of Ireland for authorisation of a new, wholly owned insurance subsidiary incorporated in the Republic of Ireland, according to a Dec. 19 statement. 19 December 2017
Insurance
The Lloyd’s market has received approximately £3 billion of additional capital to restore capital resources to the level prior to the third quarter of 2017 loss events and to cover changes in capital requirements for 2018 underwriting. 19 December 2017
Insurance
Willis Towers Watson (WLTW) has named Alberto Gallego as the new head of Iberia. 19 December 2017
Alternative Risk Transfer
Willis Towers Watson Securities, the investment banking business of Willis Towers Watson, has structured and placed €90 million of insurance-linked securities (ILS) for French domestic P&C insurance group Covea Mutual Insurance Group. 19 December 2017
Insurance
Italy’s Generali is selling a non-life run-off portfolio of its UK branch to Compre Group, a discontinued business specialists in the insurance industry. 19 December 2017
Insurance
Global specialty insurance holding The Navigators Group has entered into a share purchase agreement for the acquisition of all of the shares of Antwerp, Belgium-based Assurances Continentales - Continentale Verzekeringen NV (ASCO) and Bracht, Deckers & Mackelbert NV (BDM). 18 December 2017
Insurance
Italian insurer Generali has entered into a share purchase agreement with Life Company Consolidation Group (LCCG) to sell its entire shareholding in Generali PanEurope. 18 December 2017
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