Articles

Insurance

A $4.3bn business sale to Blackstone fuels Aon’s M&A appetite

Re/insurance broker Aon plans to deploy a significant part of the proceeds from the $4.3 billion sale of its outsourcing platform to acquisitions, executives said during a Feb. 10 results presentation.   13 February 2017

Insurance

Neon appoints Validus exec as head of property reinsurance

Specialist Lloyd's insurer Neon has appointed Nick Pritchard as head of property reinsurance with immediate effect.   13 February 2017

Insurance

Insurance CEOs feel threatened by disruptions

Insurance CEOs are more concerned than leaders in any other industry about threats to their growth prospects, according to PwC’s annual global CEO Survey.   13 February 2017

Insurance

Talbot launches new terror facilities led by Lloyd’s

Talbot Underwriting, a wholly owned subsidiary of Validus, has launched three enhanced Lloyd’s led terror facilities in the Singapore, Latin American and Dubai markets.   9 February 2017

Insurance

AlphaCat crafts first cat bond to cover Latin America risks

In what represents an important step forward for the insurance-linked securities (ILS) markets, AlphaCat Managers, the ILS investment adviser that is a subsidiary of Validus Holdings, has completed the first catastrophe bond to cover risks from Latin America.   7 February 2017

Insurance

Validus CEO calls 2016 a ‘strong year’ despite profit drop

Bermuda-based Validus Holdings reported a net income attributable to shareholders of $359.4 million for the 2016 full year compared to $374.9 million in the same period a year ago.   3 February 2017

Insurance

RenRe's net income rises in 2016, but combined ratio up in Q4

RenaissanceRe Holdings (RenRe) has reported net income of $69.4 million in the fourth quarter of 2016, a fall from the $92.2 million it reported in the fourth quarter of 2015. However, the Q4 figures take RenRe’s total 2016 net income to $480.6 million, up on the $408.8 million it made in 2015.   1 February 2017

Insurance

Validus acquires ADM crop insurance unit for $127.5m

Validus Holdings has agreed to buy the crop insurance general agent of Archer Daniels Midland (ADM) for $127.5 million in cash.   31 January 2017

News

Validus subsidiary Alphacat enjoys solid growth of its third party AUM

Alphacat Managers, the third party reinsurance capital management subsidiary of Validus, has increased its third party assets under management (AUM) by 20 percent on the back of what its CEO called strong investor support.   13 January 2017

Insurance

RenaissanceRe becomes latest reinsurer to create new sidecar

RenaissanceRe has become the latest Bermuda-based reinsurer to form a sidecar, following in the footsteps of Liberty Mutual and Aspen, which launched or renewed sidecars in December last year.   4 January 2017

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