UnipolRe’s biggest team in Baden
UnipolRe, the Dublin-based reinsurer backed by Italian insurer UnipolSai Assicurazioni, has sent its largest ever team to Baden-Baden this year as it looks to consolidate the healthy growth it has enjoyed in the region.
AIG needs to regain investor confidence after cat losses: Morgan Stanley
Following multiple quarters of missed earnings, American International Group’s (AIG’s) large third quarter cat losses will further weigh on investor sentiment, Morgan Stanley said in a note.
Ex-DARAG CEO unveils new carrier backed by Munich Re
Former DARAG CEO and current SOVAG chairman Arndt Gossmann has revealed plans to create a new risk carrier focusing on portfolio restructuring of non-life insurers in Europe with Munich Re as its reinsurance partner.
AIG expects up to $1.7bn cat loss for Q3
American International Group (AIG) expects to report third quarter 2018 pre-tax catastrophe losses, net of reinsurance, of approximately $1.5 to $1.7 billion.
Aon forms new ventures group, appoints CIO and leadership team
Broker Aon has established a new ventures group as part of its growth strategy and assigned members of its senior leadership team to oversee it.
New Nordic’s Danish subsidiary Qudos suspends underwriting amid restructuring
Asset manager New Nordic Advisors has revealed that its Denmark-based wholly-owned subsidiary Qudos Insurance will cease to underwrite new business with immediate effect, pending a restructuring of the business.
Insurtech OnRisk partners with MGA startup on P&C structuring platform
London-based managing general agent (MGA) startup Agile Risk Partners and US-based insurtech OnRisk are collaborating to develop an advanced, CAD-style platform for underwriting, structuring and distributing high-value P&C risk.
Everest Re expects $240m Q3 cat loss
Bermuda-based Everest Re Group estimates pre-tax catastrophe losses for the third quarter of 2018 of $240 million, net of reinsurance.
CTMA places Standard Syndicate 1884 into run-off
Charles Taylor Managing Agency has placed Syndicate 1884, which is managed by the business, into run-off.
Cat loss drop makes Travelers Q3 results jump
Lower catastrophe losses in the third quarter of 2018 have helped The Travelers Companies to more than double the profit in the period compared to the previous year.
