Articles

Insurance

RGA reinsures nearly $3bn Horace Mann annuity business block

Reinsurance Group of America (RGA) has completed a $2.9 billion annuity reinsurance transaction with Horace Mann Life Insurance Company, effective April 1, 2019.   25 June 2019

Insurance

Acrisure launches new AI-backed brokerage with investment firm Tulco

US-based insurance broker Acrisure and investment firm Tulco Holdings have teamed up to launch Altway Insurance, a direct-to-consumer brokerage platform which is fully supported by artificial intelligence.   20 September 2019

Insurance

Sompo predicts ‘a record high’ for 2019 despite domestic disasters

Japan-based specialty reinsurer Sompo Holdings has predicted it will see “a record high” in its fiscal year 2019 (FY 2019) results for ordinary profit and consolidated net income, as it reported steady increases in net income for FY 2018.   20 May 2019

Insurance

French reinsurer CCR appoints new CIO Mechbal from Allianz

French reinsurer CCR Group has appointed Hind Mechbal as new chief information officer (CIO), and member of the executive committee.   5 February 2019

Alternative Risk Transfer

Liberty Mutual strikes new $150m Limestone Re deal despite ‘challenging conditions’

US insurer Liberty Mutual has secured $150 million of collateralised reinsurance capacity through its Bermuda domiciled segregated account company Limestone Re.   9 January 2019

Insurance

Argo unveils Bermuda, international casualty leadership changes

Bermuda specialty re/insurer Argo Group International Holdings has appointed Bill Wharton to head Argo Insurance Bermuda, and Nigel Mortimer to lead its international casualty business.   9 January 2019

Insurance

Chesnara to acquire Dutch portfolio of term life and savings policies for €29.15 m ($32.22 m)

The portfolio is being acquired from Argenta Bank-en Verzekeringsgroep.   22 November 2019

Insurance

S&P warns on Swiss Re ReAssure ratings as parent ponders IPO

S&P Global Ratings has placed the 'A-' ratings of Swiss Re ReAssure (SRRAL) on Credit Watch Negative, following the announcement by its parent Swiss Re Group that it is exploring the possibility of an initial public offering (IPO) of the UK closed-book consolidator ReAssure (not rated).   8 August 2018

Insurance

AXIS poaches Chubb's Tony Jordan for group chief actuary role

Bermuda-based AXIS Capital Holdings has hired Tony Jordan as its group chief actuary. He joins from Chubb.   3 May 2019

Insurance

Chinese giant PICC partners with blockchain VeChain and DNV

People's Insurance Company of China (PICC) has partnered with Shanghai-based blockchain platform VeChain and risk management firm DNV GL to create new blockchain insurance solutions aimed at bringing digital transformation to the insurance industry.   3 September 2018

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