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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
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
Insurance
Coverys Syndicate 1975 has received approval from Lloyd’s to begin underwriting business with effect from Jan. 1, 2018. 19 December 2017
Alternative Risk Transfer
Reinsurance Group of America (RGA) has completed an asset and longevity risk transaction with Liverpool Victoria Friendly Society (LV=) where it will reinsure approximately £900 million in individual annuity business. 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
Bermuda-based Aspen Insurance has entered a strategic partnership with CGB Diversified Services (CGB DS) where Aspen will be acquiring a 23.2 percent stake in a newly formed company, Crop Re Services. 19 December 2017
Insurance
Broker Arthur J Gallagher and Alliant have settled a dispute over Gallagher employees hired by intermediary services provider Alliant. 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
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