News
Insurance
Broker Marsh is “simplifying” the business structure, a move that is expected to profitability and allow for investments, management explained during the group’s second quarter 2018 earnings call. 27 July 2018
Insurance
Legal expenses insurer Elite Insurance said July 5 that it is ceasing to write new business. Elite offered legal expenses insurance, professional indemnity insurance and general insurance. 5 July 2017
Insurance
Bermuda-based holding company Fidelis Insurance has hired Ian Burford to join its London underwriting team as chairman of specialised risks. 30 August 2017
Insurance
Bermuda-based specialty re/insurer Lancashire Holdings has decided against paying a special dividend in 2017 and instead to deploy the capital in a hardening market but analysts commented that the company also faces higher retrocession rates, Bernstein analysts wrote in a note. 6 November 2017
Insurance
AM Best has placed the financial strength rating and the long-term issuer credit ratings (ICRs) for Maiden Reinsurance, and its affiliate Maiden Reinsurance North America under review with negative implications following the announcement that the renewal rights for its US diversified business were being sold to TransRe. 31 August 2018
Insurance
UK-based RSA is experiencing “challenges in wholesale and international commercial markets from US and Caribbean cat activity,” according to a Nov. 2, 2017 trading update. 2 November 2017
Insurance
While many of its rival reinsurers are seeking alternative growth opportunities through fee income relating to advisory services, technology or the use of alternative risk-transfer structures, Hannover Re’s chief executive officer Ulrich Wallin believes sufficiently profitable traditional risk transfer business will remain available for the foreseeable future. 25 May 2017
Insurance
Flaspöhler conducts an annual, global study designed to illustrate reinsurers’ competitive positioning and value proposition in relation to their peers. Here’s how the top reinsurers fared when brokers and insurance executives across EMEA were surveyed. 10 September 2017
Insurance
Alleghany Corporation said on Sept. 13 that its subsidiary Alleghany Insurance Holdings is selling Pacific Compensation Insurance Company (PacificComp) to CopperPoint Mutual Insurance Company for $150 million of total cash consideration. 13 September 2017
News
Mergers and acquisitions (M&A) in the global insurance industry rose in the first half of 2018 with 186 completed deals worldwide, up from 180 in the second half of 2017, according to Clyde & Co’s Insurance Growth Report mid-year update. 1 August 2018
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