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The Captive Insurance Companies Association (CICA) has elected Steve McElhiney as chairman of its board of directors. 19 March 2019
Alternative Risk Transfer
Markel said it is “incredibly optimistic” about the future of its insurance linked securities (ILS) business despite ongoing investigations into recorded loss reserves at CATCo and its subsidiaries. 19 March 2019
Insurance
Talanx, the German re/insurer, has renewed its board in what it has called a “generational shift”. 18 March 2019
Insurance
Fast-growing US specialty insurer Palomar Holdings has filed for an initial public offering (IPO) on the Nasdaq stock exchange. It is looking to raise $50 million from the deal. 18 March 2019
Insurance
Arch Mortgage Insurance Company (Arch MI) has confirmed $341.7 million in indemnity reinsurance from special purpose reinsurer Bellemeade Re in an insurance-linked security (ILS) deal. 18 March 2019
Insurance
Losses increased at Bermuda-based Maiden Holdings despite taking several strategic measures to de-risk its balance sheet in an "extremely difficult year", but its CEO Lawrence Metz believes that the performance will start to improve in 2019 as it nears the end of its review process. 18 March 2019
Insurance
Last night the UK Parliament voted in favour of requesting an extension to Article 50 and consequently a delay to Brexit beyond the 29 March deadline. 15 March 2019
News
Reinsurer PartnerRe has entered into a transaction with Manufacturers Life Insurance Company (Manulife) to reinsure longevity risk from an in-force block of Canadian group payout annuities. 14 March 2019
Insurance
Zurich Australia Insurance, a part of Zurich Insurance Group, has entered into an underwriting agency partnership that it hopes will boost its capacity in the mergers and acquisitions (M&A) insurance space. 14 March 2019
Insurance
Bermuda-based Hamilton Insurance Group has signed a definitive agreement with Liberty Mutual Group to acquire the Pembroke Managing Agency platform at Lloyd’s and Ironshore Europe DAC (IEDAC). 14 March 2019
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