Articles
Insurance
There is a lot of pent-up demand in the US insurance market for big carriers to place certain lines of business into run-off, which hasn’t really taken off in the same way it has in Europe, Artur Niemczewski, CEO of Pro Global, and Mory Katz, president and CEO of ProTucket, told Monte Carlo Today. 12 September 2018
Insurance
Bermuda-based Sirius International Insurance, a global multi-line re/insurance group, has revealed several key promotions and the formation of a new management committee. 11 September 2018
Insurance
French insurer AXA has received all required regulatory approvals for the acquisition of Bermuda-based XL Group. 11 September 2018
Insurance
American International Group (AIG) has hired XL Catlin's Catherine Duffy to join the company’s general insurance business as country manager of Bermuda. 11 September 2018
Insurance
AXIS Re plans to fundamentally change its offering by becoming more client-focused, offering bespoke, structured, reinsurance deals and expanding its footprint in Asia. By doing this, and making other changes, it is targeting becoming a top 10 reinsurer, Steve Arora, chief executive of AXIS Re, told Monte Carlo Today. 11 September 2018
Alternative Risk Transfer
The insurance-linked securities (ILS) market has reacted in an orderly manner after the 2017 catastrophe losses, paying claims and reloading, and it doesn’t have to prove itself any more, Aon Securities CEO Paul Schultz suggested in a conversation with Monte Carlo Today. 11 September 2018
Insurance
The potential of blockchain has been the subject of much debate in the reinsurance world, but it is about to bring concrete benefits to early adopters, says David Edwards of ChainThat. 11 September 2018
Insurance
Re/insurer QBE has announced that its post-Brexit restructuring plans were heard at the High Court, ensuring continuity of service for its customers across the European Union. 10 September 2018
article
Specialty managing general agent (MGA) Nexus Group has completed the acquisition of Altitude Risk Partners from the club-style MGA formation platform Castel Underwriting Agencies via an asset purchase. 10 September 2018
Insurance
Antares plans to combine with sister company Qatar Re to buy reinsurance this year—and predicts rate reductions as a result, head of ceded reinsurance Richard Anson told Monte Carlo Today. 10 September 2018
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