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Insurance
The CEO of Canada-based Fairfax Financial has cited the influence of incoming US president Donald Trump as being a driver for it buying Allied World Assurance Company in a $4.9 billion deal announced December 19. 19 December 2016
Insurance
Pioneer Underwriters, a subsidiary of Minova Insurance Holdings, has set up a new renewable energy underwriting capability in London, and appointed Warren Diogo to head the division. 16 December 2016
Insurance
Bermuda-based insurance group Enstar has finally launched a long-awaited total return reinsurer – thanks to a significant investment from Chinese investment company Hillhouse Capital Management, which bought a 9.9 percent stake in Enstar in September this year. 16 December 2016
Insurance
The big innovations are not going to come from today’s giants in the re/insurance industry, believes Sarah Stephens, head of cyber at JLT Specialty. Instead, Stephens says, startups will develop technology and knowledge that will disrupt the traditional carriers’ business concepts. 16 December 2016
Insurance
Bermuda-based Hamilton Underwriting, the managing agency of Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group, has appointed Peter Holland as its claims director. 15 December 2016
Insurance
Lloyd’s of London is set to create a subsidiary elsewhere in the EU as a response to uncertainty created by the EU referendum. 15 December 2016
Insurance
The chief executive of Probitas Syndicate 1492 at Lloyd’s has said the syndicate may move to find a buyer for the capacity and shareholding in Probitas provided by Istmo Compañía de Reaseguros (Istmo Re), the Panama reinsurer now under regulatory supervision in its home market. 15 December 2016
Alternative Risk Transfer
Soft market pressures, a prolonged low interest rate environment, low barriers to ILS capital entering the sector, the digital economy, tepid GDP growth… Hiscox Re’s Bill Lazzaro argues that how we respond to the current challenges in the reinsurance sector will define our future. 15 December 2016
News
Istmo Compañía de Reaseguros (Istmo Re), the Panama reinsurer which backs Probitas Syndicate 1492 at Lloyd’s, has been downgraded to ‘E’ from ‘B’ by AM Best following the intervention of its regulator in Panama. 15 December 2016
Insurance
Axis Capital Holdings is set to relocate its London office to a new skyscraper called The Scalpel in 2018, adjacent to Lloyd’s of London at 52 Lime Street. 14 December 2016
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