Articles

Insurance

LMG urges ministers to back Brexit deal based on 'equivalence'

As Michael Gove, a senior minister in Prime Minister Boris Johnson’s new government, told the UK’s Sunday Times newspaper that the government was working to the assumption of a no-deal Brexit, the London Market Group (LMG) has published its Brexit update report ‘A new relationship with the European Union’.   29 July 2019

Insurance

Arthur J Gallagher lauds ‘outstanding’ Q2 2019 results plus growth in H1 of the same year

Broker Arthur J Gallagher saw “outstanding” results in the second quarter of 2019, while its half year figures, also ending June 30 2019, showed healthy growth in its brokerage segment.   29 July 2019

Insurance

AXA XL bolsters London reinsurance leadership with Hiscox, Greenlight hires

Re/insurer AXA XL has made three key appointments to its London reinsurance team from Hiscox and Greenlight.   29 July 2019

Insurance

Nexus acquires London-based financial and professional lines MGA Plus Risk

Specialty managing general agent (MGA) Nexus Group has acquired Plus Risk (PRL), a London-based financial and professional lines MGA providing management liability and niche professional indemnity insurance.   29 July 2019

Alternative Risk Transfer

Hiscox delivers $168m profit for H1 2019 despite challenging claims, says CEO Masojada

Hiscox has delivered profits in its results for the first six months of 2019 “despite a more challenging claims experience”, said Bronek Masojada, chief executive at the re/insurer.   29 July 2019

Insurance

Aon reports ‘strong organic growth’ for four quarters in Q2 2019 results

Broker Aon reported “strong organic revenue growth”, for the fourth consecutive quarter, in its 2019 second quarter results, published today (26 July).   26 July 2019

Insurance

Kingstone increases catastrophe reinsurance cover by 35% to $602.5m at renewal

Property/casualty insurance holding company Kingstone, through its wholly-owned subsidiary Kingstone Insurance Company (KICO), has signed new reinsurance treaties with multiple carriers for the treaty year beginning July 1, 2019.   26 July 2019

Insurance

Blue Capital Re to wind up operations, pursue run-off of liabilities and in-force treaties

Blue Capital Reinsurance Holdings has decided to cease active operations and pursue an orderly run-off of its liabilities and in-force portfolio and return capital to shareholders as it winds up operations.   26 July 2019

Alternative Risk Transfer

Arch secures $700m ILS reinsurance for mortgage risk with Bellemeade Re

Bermuda-based Arch Capital Group' US mortgage insurance operation Arch Mortgage Insurance Company (Arch MI) has confirmed a $700 million of indemnity reinsurance from special purpose reinsurer Bellemeade Re 2019-3 in an insurance-linked security (ILS) deal.   26 July 2019

Insurance

Mapfre Re reports almost 30% drop in profits in group H1 2019 results

Spanish based global re/insurer Mapfre reported modest revenue and premium growth overall in its results for the first half of 2019, but its reinsurance business Mapfre Re fared less well with a nearly 30 percent drop in net profit results.   26 July 2019

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