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S&P: European insurers ‘well positioned’ for even no deal Brexit

European insurers are well positioned to manage the disruption caused by Brexit but, warns global ratings agency S&P, any wider global downturn will bring volatility, which is likely to mean persistent low interest rates.   13 February 2019

Insurance

RFIB expands African operations with new headquarters

Lloyd's re/insurance broker RFIB Group has established new permanent offices in Montecasino, Johannesburg, to further expand its presence in Africa.   12 February 2019

Insurance

Aspen Q4 2018 results hit by natural catastrophe losses

Catastrophe losses drove a net loss of $147 million at Bermuda-based Aspen Insurance Holdings, which is to be acquired by alternative investment manager Apollo in a $2.6 billion deal signed in August 2018.   7 February 2019

Insurance

SCOR strikes £1.2bn PIC longevity deal

French reinsurer SCOR has completed a £1.2 billion longevity reinsurance deal with Pension Insurance Corporation (PIC), a specialist insurer of defined benefit pension funds.   11 December 2018

Insurance

QBE unveils A$200m cost cutting programme

Australia-based insurer QBE is implementing measures targeting more than A$200 million ($144 million) in gross cost savings by 2021.   11 December 2018

Insurance

Aspen shareholders approve $2.6bn Apollo takeover

The shareholders of Bermuda-based Aspen Insurance Holdings have approved the $2.6 billion Aspen acquisition offer by alternative investment manager Apollo.   11 December 2018

Insurance

QBE boosts cat reinsurance protection

Australia-based QBE has reduced catastrophe retention and increased protection against catastrophe severity in its 2019 reinsurance programme.   11 December 2018

Insurance

Willis swoops for Brit, Aon talent in London Market P&C boost

Broker Willis Towers Watson has bolstered its London Market property and casualty arm with senior hires from Brit and Aon.   11 December 2018

Insurance

Sompo expands US cyber insurance capabilities

Bermuda specialty re/insurer Sompo International Holdings is expanding its cyber insurance capabilities in the US by creating a dedicated US team focused on cyber offerings, an enhanced cyber and professional liability product, and an expanded suite of cyber risk management services.   11 December 2018

Insurance

RFIB hires Willis exec to lead specialty business

Lloyd’s broker RFIB Group has hired a Willis Re executive as managing director of its specialty business that underwent a restructuring recently.   11 December 2018

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