Deutsche Versicherungs- und Rueckversicherungs-AG (DARAG), the German insurance run-off specialist, has been acquired by a London-based private equity firm.
Southport Re, the private equity-backed Cayman domiciled reinsurer, is to be acquired by New York-based investment group Lennox Investments.
Randall & Quilter (R&Q), the insurance services and investment company, has completed two new deals.
The levels of both traditional and alternative reinsurance capital increased in 2013, creating a level of competition of business that is beneficial to reinsurance buyers.
Reinsurance prices in the April renewals softened by more than expected and further sharp declines in rates should be expected in the June renewals, a critical point for the Florida property-catastrophe market.
Energy insurance buyers will benefit from renewed competition and a softening of energy insurance at their mid-year policy renewals.
Property Claim Services (PCS), a division of Verisk Analytics, has launched a new service featuring weather analysis maps of affected areas as part of the catastrophe designation and loss estimate bulletins for the property/casualty insurance industry.
The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance arm of the World Bank, has made two appointments.
The percentage of total hull losses fell to a record low, according to statistics released by the International Union of Marine Insurance (IUMI).
French credit insurer Compagnie Française d'assurance pour le commerce extérieur (Coface) has signed an agreement with Japan’s trade and investment insurance arm to extend its coverage.