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Arndt Gossmann, the chief executive of run-off specialist DARAG, has predicted that the run-off sector in Europe in 2016 will have a transaction volume of more than €4 billion in total, and that there will be the first in a series of runoff deals worth more than €1 billion. 10 February 2016
Insurance
The Alternative Investment Management Association (AIMA), the global representative body for alternative asset managers, has released a new guide to operational risk management for asset management firms. 10 February 2016
Insurance
Brit is opening an office in Singapore after the global specialty insurer gained approval to begin underwriting from both Lloyd’s and the Monetary Authority of Singapore (MAS). 10 February 2016
Insurance
A severe winter storm that hit the Eastern US during the second half of January has resulted in economic losses of $2 billion, and insured losses well into the hundreds of millions, according to Impact Forecasting, Aon Benfield’s catastrophe model development unit. 10 February 2016
Insurance
XL Catlin and Ventus Risk Management, a newly formed managing general underwriter (MGU), have formed a partnership that will allow Ventus to provide commercial property insurance offerings for small and mid-sized enterprises (SMEs). 10 February 2016
Insurance
Some of the industry’s biggest players have agreed to back Lemonade, the world’s first peer-to-peer (P2P) insurance company, which has already attracted a number of well-known former re/insurance executives to its executive team. 9 February 2016
News
The property/casualty division of French reinsurer SCOR has said it managed to achieve stable growth in the January 1, 2016, renewals despite pressures on prices worldwide and intense competition globally. 9 February 2016
Insurance
The London Market Target Operating Model (TOM) Steering Board has agreed to prioritise three key initiatives during 2016 after meeting for the first time. 9 February 2016
Insurance
Independent insurance and reinsurance legacy specialist Compre has added Mark Lawson to its senior management team as group actuarial director. 9 February 2016
Insurance
Tokio Marine Kiln (TMK), the provider of specialist and corporate insurance, has expanded its UK regional offices with the appointment of Owen Shelley and Mark Bradshaw as underwriters. 9 February 2016
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