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TransRe sees steady growth but posts underwriting loss in Q3
Insurance
Reinsurer TransRe, which is owned by Alleghany Corporation, enjoyed some growth in the third quarter of 2018 but made an underwriting loss as a result of exposure to various catastrophes in the third quarter.   2 November 2018
Alleghany enjoys strong growth but outside insurance sector
Insurance
Alleghany Corporation, which owns reinsurer TransRe and insurers RSUI and CapSpecialty, enjoyed strong growth in the third quarter of 2018 – but this was mainly driven by non-insurance related revenues. Its profits were also hit by exposure to losses from natural catastrophes.   2 November 2018
US, UK to sign re/insurance agreement as Brexit looms
Insurance
The US Department of the Treasury and the Office of the US Trade Representative intend to sign a bilateral agreement between the US and the UK on prudential measures regarding insurance and reinsurance (US-UK Covered Agreement) as the UK leaves the EU.   12 December 2018
Insurance
Former Cooper Gay CEO Toby Esser is set to acquire a majority stake in independent London broker AFL, sources told Intelligent Insurer.   8 August 2017
Insurance
Specialist insurer Beazley has launched a new consortium at Lloyd’s of London to provide increased capacity for US wage & hour risks.   26 July 2018
Insurance
Tom Rutter, chief executive officer of Sunderland Marine, is to retire on June 30 after nearly four decades with the company.   17 April 2018
Insurance
Munich Re subsidiary ERGO Group has made several organisational changes and launched a new insurance unit as part of its strategic initiative aimed at expanding international business with corporate customers.   27 November 2017
Insurance
The National Flood Insurance Program (NFIP) run by FEMA could require emergency additional funding in the aftermath of flood losses in Texas as the high losses complicate its already perilous financial position.   29 August 2017
Insurance
Risk Strategies Company, a privately broker and risk management firm, has acquired Benefits Network Insurance Agency (BNIA), a specialist broker focused on the development of employee benefits plans.   25 January 2018
Insurance
Azur, a managing digital agent (MGA), has completed its series B funding round, raising £13.3m of funding and support from AIG, Ascot Group (owned by CPPIB, the Canada Pension Plan Investment Board), Hyperion Insurance Group and the serial fintech angel and entrepreneur Richard Little.   23 October 2018

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