News

Insurance

Thomas Miller acquires MGA operations

Insurer Thomas Miller has acquired the managing general agency (MGA) and insurance services operations of Hamburg-headquartered specialist insurance services group Zeller Associates.   18 September 2018

Insurance

Hurricane Florence insured loss estimated at $2.5bn

Insured losses from Hurricane Florence will be around $2.5 billion, according to KCC estimates.   18 September 2018

Insurance

Insurtech Setoo secures €8m funding from AXA

Setoo, a London-based insurance and protection-as-a-service company, has closed an €8 million Series A funding round with AXA’s insurtech startup studio Kamet.   18 September 2018

Insurance

Chaucer snapped up by China Re after ‘strategic review’ by Hanover

China Re, China’s biggest reinsurer, will acquire speciality insurer Chaucer from its parent The Hanover Insurance Group for $950 million in a deal that gives the buyer a solid foothold in both the speciality markets and in Lloyd’s.   13 September 2018

Alternative Risk Transfer

M&A uptick to boost demand

Hannover Re expects the recent uptick in M&A activity to be followed by further deals, but also to result in higher reinsurance demand, Michael Pickel, Hannover Re executive board member, told Monte Carlo Today.   12 September 2018

Insurance

Innovation and accessibility

In association with Swiss Re, Monte Carlo Today conducted a survey of senior industry executives ahead of and during the conference.   12 September 2018

Alternative Risk Transfer

ILS coveted more by carriers

Insurance-linked securities (ILS) capabilities are increasingly becoming a coveted asset as re/insurers aim to be able to access different forms of capital, Stephan Ruoff, CEO of Tokio Millennium Re (TMR), told Monte Carlo Today.   12 September 2018

Insurance

Sirius unveils key promotions, new management committee ahead of merger deal

Bermuda-based Sirius International Insurance, a global multi-line re/insurance group, has revealed several key promotions and the formation of a new management committee.   11 September 2018

Insurance

AXA gets green light for XL takeover

French insurer AXA has received all required regulatory approvals for the acquisition of Bermuda-based XL Group.   11 September 2018

Insurance

AIG poaches Bermuda country manager from XL Catlin

American International Group (AIG) has hired XL Catlin's Catherine Duffy to join the company’s general insurance business as country manager of Bermuda.   11 September 2018

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