News
Alternative Risk Transfer
Specialty re/insurer Brit is launching a new Bermuda-domiciled collateralised reinsurance platform, Sussex Capital, and has appointed former Axis Re CEO Jay Nichols to join its board. 13 December 2017
Insurance
Germany-based insurance start-up Coya has secured nearly $30 million from investors led by Valar Ventures and e.ventures. 7 June 2018
Insurance
US-based multiple-line insurer Mercury General Corporation will pass on most of the expected $253 million losses from the Camp and Woolsey wildfires in California to reinsurers. 28 November 2018
Insurance
Increasing premium limits, reporting requirements, ownership restrictions, and increased scrutiny from the Internal Revenue Service (IRS) has made prospective captive owners more cautious about forming 831(b) captives. 8 August 2017
Insurance
The rating agencies have started to react to the news that Liberty Mutual will acquire Ironshore – just over a year after Fosun International, China’s biggest conglomerate, acquired the remaining 80 percent stake in the Bermuda-based property/casualty insurer. 6 December 2016
Insurance
Outgoing Lloyd’s CEO Inga Beale has received sexist and homophobic abuse when she became the first female CEO of Lloyd’s of London, according to The Times. 8 October 2018
Insurance
Specialist commercial insurer CNA Hardy has confirmed its plan to exit property treaty, marine hull and construction/erection all risks (CAR/EAR) business on the Lloyd’s platform. 8 October 2018
Insurance
Swiss Re’s unit corporate solutions has appointed Jake Algar as head UK & Ireland, effective May 1, 2018 as the company expand the business. 1 May 2018
Insurance
Lloyd’s chief financial officer has mooted the idea that brokers should reduce the commission they make on business placed in the market as a way of reducing the overall cost of using Lloyd’s. 26 January 2018
Insurance
Hamilton Underwriting, the managing agency of Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group, has appointed Neil Lee-Amies as head of treaty. 20 June 2018
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