Articles

Insurance

Aviva picks Maurice Tulloch as new CEO after 'highly competitive process'

UK insurer Aviva has appointed Maurice Tulloch as new chief executive officer, replacing Mark Wilson who announced his plan to step down in October 2018.   4 March 2019

Insurance

Enstar, Maiden agree $675m ADC deal for AmTrust quota share business

Bermuda-based Enstar Group has terminated its $2.68 billion loss portfolio transfer (LPT) deal with Maiden Holdings, and replaced it with a new $675 million adverse development cover (ADC).   4 March 2019

Insurance

Chubb partners with Aon to build Manhattan terrorism risk model

Chubb has partnered with Aon's catastrophe model development center Impact Forecasting to develop a terrorism risk model for Manhattan in New York City and other densely populated areas.   4 March 2019

Insurance

R&Q seals acquisition of NN Group's Nationale-Nederlanden

Insurance services and investment company Randall & Quilter Investment Holdings (R&Q) has completed the acquisition of the entire issued share capital of UK-based Nationale-Nederlanden Internationale Schadeverzekering (NNIS) from its owners NN Group.   4 March 2019

Insurance

Arch creates new role in innovation strategy; shuffles mortgage leadership

Bermuda-based re/insurer Arch Capital Group has appointed Andrew Rippert, David Gansberg, and Michael Schmeiser to new leadership roles.   4 March 2019

Insurance

Former AmTrust investor Krupa files complaint alleging antitrust violations

Krupa Global Investments (KGI), a Prague-based investment firm and formerly a significant shareholder of AmTrust Financial Services, has filed a complaint against Stone Point Capital and AmTrust before the European Commission Directorate-General for Competition.   1 March 2019

Insurance

Munich Re leads Pool Re's £2.3bn terrorism retrocession placement

UK government-backed terrorism mutual reinsurer Pool Re has completed a £2.3 billion terrorism retrocession placement led by Munich Re.   1 March 2019

Alternative Risk Transfer

Markel CatCo board recommends run-off as future in question

The future of Markel CatCo looked less certain today as the company’s board said it would “recommend an orderly run-off” of the firm's portfolios.   1 March 2019

Alternative Risk Transfer

UnipolSai places €45m Atmos Re cat bond structured by Willis Towers Watson

UnipolSai Assicurazioni, one of the biggest insurers in Italy, has placed a €45 million catastrophe bond providing it with protection against perils in Italy including atmospheric phenomena, snow pressure and flood risks (including Vatican City and San Marino Republic).   1 March 2019

Insurance

Allianz appoints Hans-Joerg Mauthe as new AGCS Central & Eastern Europe CEO

Germany's Allianz has appointed Hans-Joerg Mauthe as regional CEO, Central & Eastern Europe (CEE), of its commercial insurance arm Allianz Global Corporate & Specialty (AGCS).   1 March 2019

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