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Insurance
Enstar Group-owned Lloyd’s managing agency, StarStone Underwriting has finalised a reinsurance-to-close transaction with Neon Underwriting, according to a Feb. 16 press release. 19 February 2018
Insurance
Bermuda-based Randall & Quilter (R&Q) has completed a transaction providing capital to support the reinsurance to close (RITC) of Hamilton Underwriting’s Syndicate 3334’s 2014 and prior years of account. 19 February 2018
Insurance
Specialty re/insurer Brit experienced an overall rate reduction of 1.3 percent in 2017, following a 3.3 percent reduction in 2016. 16 February 2018
Insurance
The rise of protectionism could prevent Latin America becoming one of the biggest insurance markets in the world, Lloyd’s chairman Bruce Carnegie-Brown suggested in a Feb. 15 press release. 15 February 2018
Insurance
Integro Insurance Brokers has hired Jacquelyn Neal as a principal in the marine practice, based in its San Francisco office. 15 February 2018
Insurance
Microsoft has teamed up with Flyreel, an artificial intelligence (AI)-assisted underwriting solution for commercial and residential properties, according to a Feb. 15 press release. 15 February 2018
Insurance
Insurance intermediaries need to make contingency plans due to Brexit to protect interests of their clients, secure contract continuity and to enable that business continues flowing into London, the London and International Insurance Brokers’ Association (LIIBA) has warned. 15 February 2018
Insurance
Lancashire Holdings has reported a combined ratio of 124.9 percent for 2017 compared to 76.5 percent in the previous year. 15 February 2018
Alternative Risk Transfer
MultiStrat Advisers, the Bermuda-based total-return reinsurer and servicing company, has given an insight into the traction it is gaining structuring so-called casualty-linked securities (CLS) – a form of risk transfer known to be growing but many of these transactions are private. 15 February 2018
Insurance
North American insurance buyers can expect non-catastrophe-exposed programmes’ pricing to be flat to +5 percent, according to Willis Towers Watson’ Property Market Update. 15 February 2018
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