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The market is now well overdue a fundamental correction in pricing, something Stephen Catlin will look to capitalise on with his new venture Convex Group, unveiled yesterday (Tuesday May 1). He claims that losses in the industry have been so severe in recent years they are on the verge of destroying capital – something that should prompt a radical change. 1 May 2019
News
Scottish Re Group, which went into run-off in 2008 after suffering substantial losses in 2007, has started voluntary provisional winding up proceedings in Bermuda, where it is headquartered, and filed for parallel winding up proceedings in the Cayman Islands, where it is incorporated. 24 May 2017
News
Hannover Re’s profits slipped slightly in the first quarter but the reinsurer enjoyed strong growth driven by structured reinsurance demand for reinsurance solutions providing solvency relief and growing demand for cyber coverage. 10 May 2017
Insurance
Broker Willis Towers Watson has recruited Claire Simpson and Victoria Padfield within its political risk and trade credit team in London as part of a broader expansion of its financial solutions division. 3 May 2017
Insurance
As it readies to be taken over by The Hartford Financial Services in a deal that values it at $2.1 billion, Navigators Group posted a solid set of results and returned to profit in the third quarter of 2018. 8 November 2018
News
Swiss Re Corporate Solutions has appointed Fred Kleiterp as CEO of Europe, Middle East, Africa (EMEA), with effect from July 2017. He succeeds Tony Buckle, who has stepped down from the position. 24 May 2017
Insurance
Lloyd's broker Bishopsgate, the London market business of Towergate Insurance, has appointed Robin Todd and Darren Conlon as energy directors. 10 May 2017
Insurance
US-based insurance exchange and specialty MGA MarketScout has expanded its national private client practice with the addition of Chris Hatt as managing executive. 3 May 2017
Insurance
UK insurer Aviva has announced the sale of its 50 percent shareholdings in life insurance and pension joint ventures Unicorp Vida and Caja España Vid, as well as its retail life insurance business Aviva Vida y Pensiones, to Santalucía. The total consideration of the transaction is €475 million. 10 May 2017
Insurance
Novae Group enjoyed substantial growth driven largely by US excess and surplus lines in the first quarter of 2017 despite exiting a number of casualty lines of business where it has deemed rates unsustainable. But it also warned that these would still hit its profitability this year. 10 May 2017
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