Articles

Insurance

M&A: Five reinsurers will be left, says Kessler

The property/casualty reinsurance sector will merge to end up in a similar structure as the global life reinsurance sector, SCOR CEO Denis Kessler said during a Nov. 6 S&P Global Ratings insurance conference in London.   6 November 2018

Alternative Risk Transfer

SCOR’s Kessler sees ILS reach 25% of reinsurance capacity

While insurance-linked securities (ILS) are now estimated to be providing around 15 percent of total reinsurance capacity, SCOR CEO Denis Kessler believes that it could grow to 25 percent or a maximum of 30 percent.   6 November 2018

Insurance

QBE invests in insurtech Zeguro, launches cybersecurity solution

QBE Insurance Group has invested in cyber risk management firm Zeguro’s $5 million seed funding round through its venture capital arm QBE Ventures while creating a cybersecurity solution for small to medium enterprises (SMEs) in a partnership.   6 November 2018

Insurance

Argo back to profit in Q3

Bermuda-based Argo Group International Holdings has returned to profit in the third quarter of 2018 compared to the same quarter of 2017.   6 November 2018

Insurance

Argo boosts third-party capital at Ariel Re

Bermuda-based Argo Group International Holdings has taken advantage of third-party capital for the risk portfolio of its recently acquired Ariel Re operations.   6 November 2018

Insurance

Sirius lists on Nasdaq; completes private placement

Bermuda-based Sirius International Insurance Group has become a publicly listed company, trading on the Nasdaq, following the completion of its merger agreement with Easterly Acquisition.   6 November 2018

Alternative Risk Transfer

Record ILS issuance in Q3

A record-high $1.6 billion of non-life insurance-linked securities (ILS) capacity was issued in Q3, 2018, according to Willis Re.   6 November 2018

Insurance

Greenlight Re posts Q3 loss driven by investments, underwriting

Cayman Islands-based Greenlight Capital Re has posted a loss in the third quarter of 2018 driven by investment and underwriting losses.   6 November 2018

Insurance

Swiss Re unit hires NA property, specialty lines head from XL

Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re Group, has appointed Michael LaRocca as head property & specialty lines North America.   6 November 2018

Insurance

Validus poaches JLT political risks head in the US

Validus Specialty, a member of American International Group (AIG), has hired a senior JLT executive to lead its US political risk and credit insurance team based in New York.   6 November 2018

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