Yet another US cedant has stated that they have increased their catastrophe reinsurance programme because of reduced pricing levels in the catastrophe reinsurance marketplace.
Rating agency Fitch has upgraded the insurer financial strength (IFS) ratings of Wilton Re and all its different units to A+ from A.
More details have emerged of the catastrophe bond that has been issued by the World Bank on behalf of the Caribbean Catastrophe Risk Insurance Facility (CCRIF).
The increasingly bitter public battle between the board of Aspen Insurance and Endurance over the latter’s unrelenting, unsolicited bid to buy Aspen has taken an even nastier turn with some of Aspen’s allegations getting personal.
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has confirmed it has worked with the World Bank to structure a catastrophe bond that would transfer some of its risks into the capital markets.
Commercial lines underwriting specialist Arista Insurance has launched a new contractors combined plus product.
Bermuda-based run-off specialist Catalina Holdings has completed its reinsurance transaction with Delta Lloyd.
New Zealand insurance company Tower has sold its remaining life business, Tower Life (NZ), to Foundation Life, for NZ$36 million ($31.5 million).
Cunningham Lindsey UK has reached an agreement to sell its rehabilitation and absence management business, Corpore, to The Treatment Network (TTN).
Sirius International has obtained approval to run its Lloyd’s Syndicate 1945 through its own managing agency.