News

Reinsurance

CCR Re unveils new 157 Re reinsurance sidecar

The reinsurer has sponsored a 157 Re sidecar annually since 2019.   8 January 2025

Reinsurance

McGill, Lloyd’s insurtech roll out $50m Ukraine war risk facility

Reinsurance capacity will be provided from London market and Lloyd’s syndicates.   9 January 2025

Reinsurance

Lloyd’s CEO Neal to leave for Aon at ‘critical time’ in re/insurance

Aon has hired the industry veteran to lead its global reinsurance and climate solutions.   8 January 2025

Insurance

Core Specialty to acquire London Aviation Underwriters

The deal is part of its goal of becoming a ‘leading specialty insurer’.   9 January 2025

Insurance

Ryan Specialty to acquire cat MGA Velocity Risk for $525m, excluding E&S carrier

Commercial property insurer FM to acquire E&S carrier Velocity Specialty Insurance.   8 January 2025

Insurance

Sixth Street agrees strategic partnership with Northwestern Mutual Life

The agreement extends the investment manager’s involvement in insurance.   9 January 2025

Reinsurance

Africa Specialty launches $21m Lloyd’s consortium for Africa-centric risks

The consortium is expected to aid syndicates entering Africa and developing markets.   9 January 2025

Insurance

Incline P&C shuffles C-suite to bolster operations

Appointments to support innovation and growth in insurance programme market.   7 January 2025

Alternative Risk Transfer

Choosing ILS is a strategic business move

The evolving role of insurance-linked securities (ILS) in reinsurance is now a matter of strategic foresight rather than tactical necessity. Acrisure Re managing director of catastrophe bond solutions believes the ILS market today is better than it was 10 to 15 years ago.   8 January 2025

Reinsurance

Palomar expands into surety insurance market

It sees the surety market as a ‘highly profitable’ sector with strong growth potential.   3 January 2025

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