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Insurance
The US Federal Home Loan Mortgage Corporation, Freddie Mac has auctioned off a pool of residential mortgage insurance contracts in a deal which will provide a maximum limit of up to approximately $300 million of losses on single-family loans under its Agency Credit Insurance Structure (ACIS) programme. 28 June 2018
Insurance
UK-based Folgate Insurance Company has received approval from the Prudential Regulation Authority (PRA) to once again start writing primary insurance and reinsurance business. 27 June 2018
Insurance
JLT Re unit Jardine Lloyd Thompson Capital Markets (JLTCM) has completed the placement of catastrophe bond Oak Leaf Re 2018-1, which closed at $45.26 million. 27 June 2018
News
Reinsurance broker JLT Re has hired senior executives from RSA and Guy Carpenter to expand JLT FAC, its facultative reinsurance division that focuses on property, construction and casualty. 26 June 2018
Insurance
Bermuda-based Sirius International Insurance Group plans to merge with special purpose acquisition firm Easterly Acquisition in a deal which will result in Sirius becoming a publicly listed company. 25 June 2018
Insurance
Insurance web aggregator PolicyBazaar raised more than $200 million in a new investment round led by the SoftBank Vision Fund. 25 June 2018
Insurance
American International Group (AIG) has appointed Jamie Miller as North America property chief underwriting officer, general insurance. He joins AIG from Swiss Re. 25 June 2018
Insurance
Marsh is acquiring Houston-based Wortham Insurance, an independent insurance brokerage firm in the US. The transaction is expected to close in the third quarter of 2018. 25 June 2018
Insurance
Managing agencies slightly favour the use of the Lloyd's Brussels subsidiary (57 percent) over the creation of their own EU subsidiary (43 percent), according to a survey with Lloyd’s market chief operating officers (COOs) commissioned by the Lloyd’s Market Association (LMA). 25 June 2018
Insurance
Bermuda-based Everest Re Group has launched a new transportation and logistics business segment within Everest Insurance, led by Jeff Engelbrecht. 25 June 2018
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