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M&A trend drives hybrid models
Insurance
The recent new wave of consolidation has shown a further trend towards more companies operating so-called hybrid business models, whereby they write both insurance and reinsurance. Such a model can generate useful synergies, but it is also one of many factors driving consolidation, Torsten Jeworrek, member of Munich Re’s Board of Management, told Monte Carlo Today.   9 September 2018
Enstar creates Cayman insurer following Maiden deal
Insurance
Enstar is creating a Cayman Islands-licensed insurance company (the Retrocessionaire) as a subsidiary of the group following the retrocession deal with Maiden Holdings.   14 November 2018
Gibraltar insurers to lose passporting rights
Insurance
The UK’s decision to leave the EU creates some uncertainty for Gibraltar-domiciled insurers, AM Best has warned in a report.   22 November 2018
Insurance
AmTrust Financial Services has appointed Daniel Hickey to the role of group chief underwriting officer. Based at AmTrust’s New York City headquarters, Hickey will report directly to chairman and CEO Barry Zyskind.   12 June 2018
Insurance
Re/insurer QBE Australia and New Zealand has appointed Bettina Pidcock as its first chief customer officer.   29 June 2017
Insurance
Re/insurer AXA XL which has recently completed its merger has appointed Paul Greensmith as UK CEO replacing Paul Jardine who is leaving the group later this year.   24 September 2018
News
As Amazon eyes an entry into the insurance industry, just how worried should insurers be? Intelligent Insurer investigates.   24 October 2018
Insurance
Swiss Re is exploring a potential initial public offering (IPO) of its UK closed book business ReAssure in 2019.   3 August 2018
News
TransRe’s net premiums written in the 2018 second quarter were roughly flat with the comparable prior year period as a result of higher ceded premiums written due to an increase in retrocessional coverage purchased in 2018, the company said while presenting second quarter results.   3 August 2018
Insurance
Fitch Ratings has revised the outlook for CNO Financial Group to positive from stable following the company’s recent reinsurance transaction.   3 August 2018

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