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Bermuda-based Validus Holdings has named Kean Driscoll as the president of the company.   11 May 2017
News
Reinsurance broker and consultant JLT Re has appointed Graham Barden and Jon Warner to its aviation team as partners, based in its London office.   11 May 2017
Insurance
There have been several interesting transactions in the past six months as a number of serial consolidators have looked to take advantage of a growing desire on the part of insurers to move certain blocks of business off their books   10 May 2017
Insurance
Major broker Aon has appointed Jason Hogg as leader of cyber solutions and as CEO of Stroz Friedberg.   10 May 2017
Insurance
Specialist insurer Tokio Marine Kiln (TMK) has teamed up with Managing General Agents’ Association (MGAA) to support the UK’s delegated underwriting network.   10 May 2017
Insurance
As more insurers regard the use of run-off as a mainstream strategic tool, so investors have responded—backing the launch and growth of specialist consolidators geared up to buying and managing portfolios of business in run-off. Intelligent Insurer reports.   10 May 2017
Insurance
At the start of 2017 Premia Holdings, a company dedicated to the run-off market, was founded on Bermuda with $500 million of capital—a deal that represented one of the biggest capital raisings in the sector. In an interview first published in sister publication Bermuda:Re+ILS, CEO Bill O’Farrell explains why he expects fast growth in the run-off sector.   10 May 2017
Insurance
UK insurer Aviva has announced the sale of its 50 percent shareholdings in life insurance and pension joint ventures Unicorp Vida and Caja España Vid, as well as its retail life insurance business Aviva Vida y Pensiones, to Santalucía. The total consideration of the transaction is €475 million.   10 May 2017
Insurance
Novae Group enjoyed substantial growth driven largely by US excess and surplus lines in the first quarter of 2017 despite exiting a number of casualty lines of business where it has deemed rates unsustainable. But it also warned that these would still hit its profitability this year.   10 May 2017
Insurance
Twelve Capital Group has revealed that it was the lead investor in $45.5 million private debt transaction with Catalina General Insurance, a subsidiary of Catalina Holdings, Bermuda.   10 May 2017

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