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US property/casualty insurer Spinnaker has selected reinsurance broking and risk/capital management firm TigerRisk Partners’ TigerEye platform to structure its overarching corporate reinsurance portfolio and support its existing underwriting strategy, particularly for managing catastrophe exposures. 14 August 2017
Insurance
Bermuda-based specialty re/insurance provider Fidelis Insurance has appointed Charles Mathias, group chief risk officer, to its board of directors, succeeding Neil McConachie. 14 August 2017
Insurance
Oman Qatar Insurance (OQIC), a subsidiary of the Qatar Insurance Company (QIC), has announced its plans to float 25 million shares through an initial public offering on the Muscat Securities Market shortly. 14 August 2017
Insurance
The scrutiny that some types of captives – in particular 831(b)s – face from the IRS is unlikely to go away, and advisors must get smarter about how they educate clients, according to Anne Marie Towle, captive consulting practice leader at JLT Insurance Management. 11 August 2017
Insurance
India’s state reinsurer GIC Re which is planning to float on the stock exchange wants to grow the reinsurance business outside India to reach around 50 percent of its total gross premiums from currently 30.53 percent. 10 August 2017
Insurance
Lloyd's insurer Novae Group has appointed Adam Cragg as group chief operating officer. 10 August 2017
Insurance
JLT Specialty USA, a subsidiary of broker Jardine Lloyd Thompson Group, has appointed Andy O’Brien as a partner in its Boston office. 10 August 2017
Insurance
UK-based life insurance group Prudential said on Aug. 10 that it is merging its Prudential UK & Europe unit with its asset manager M&G to form a leading savings and investments business. 10 August 2017
Insurance
The acquisition of Bermuda-based Endurance has lifted Sompo Holdings’ overseas profit between April and June 2017, helping to improve the consolidated results. 10 August 2017
Insurance
Agency captives can offer agents and brokers the opportunity to earn underwriting profits previously retained by the insurance carrier, and align the interests of the agent and carrier regarding risk selection, pricing and loss control. 10 August 2017
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