Articles

Insurance

MS Amlin acquires strategic stake in specialist reinsurance MGA Envelop Risk

Global re/insurer MS Amlin has acquired an equity stake in specialist reinsurance managing general agent (MGA) Envelop Risk.   21 May 2019

Insurance

Brit appoints new head of outwards reinsurance from Aviva

Specialty re/insurer Brit has appointed James Drew as head of outwards reinsurance, based in London.   21 May 2019

Insurance

Greenlight Re invests in online insurance dispute resolution business FairClaims

The Cayman Islands-based reinsurer Greenlight Re's insurtech unit has made a strategic investment in an online insurance and consumer dispute resolution start-up FairClaims.   20 May 2019

Insurance

Sompo predicts ‘a record high’ for 2019 despite domestic disasters

Japan-based specialty reinsurer Sompo Holdings has predicted it will see “a record high” in its fiscal year 2019 (FY 2019) results for ordinary profit and consolidated net income, as it reported steady increases in net income for FY 2018.   20 May 2019

Insurance

Munich Re HSB hires new director of engineering

HSB Engineering Insurance, a specialist engineering and construction insurer which is a subsidiary of Munich Re, has appointed Paula Homan as director of engineering services.   20 May 2019

Insurance

Korean Re sets up European reinsurance hub in Switzerland to drive overseas business

Seoul-based reinsurer Korean Re has launched a new reinsurance subsidiary in Zurich, Switzerland as part of its expansion strategy in the European market.   20 May 2019

Insurance

EU removes Bermuda from 'blacklist' of non-cooperative tax jurisdictions

Bermuda has been removed from the European Union's so-called blacklist list of "non-cooperative" jurisdictions following a meeting of EU finance ministers on May 17.   20 May 2019

Insurance

HDI Global Specialty appoints new head of aviation and space from Neon

HDI Global Specialty SE, a new specialty lines insurer created from merging the specialty lines activities of Hannover Re and HDI Global, has recruited Martin Jackson as head of aviation and space, replacing Tim Slade.   20 May 2019

Insurance

Capsicum Re bolsters Bermuda operations with ex-Amlin hire

Specialist reinsurance broker Capsicum Re has appointed Tom Mills to its Bermudian operation, in a move aimed at growing its presence on the island as it enters fifth year of trading since opening its office in 2014.   20 May 2019

Insurance

AM Best moves Third Point Re outlook to 'negative' over profitability concerns and management changes

Rating agency AM Best has revised the outlook of Bermuda-based reinsurer Third Point Re to negative from stable, expressing "concerns over the company’s business profile", its ability to make underwriting profits, and the recent changes in its senior management including the departure of its CEO Robert Bredahl.   17 May 2019

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