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Pioneer Underwriters, an underwriting group within Minova Insurance Holdings, has unified its financial institutions (FI) businesses into one global underwriting operation. 31 January 2019
Insurance
Specialty insurer StarStone, whose parent company Enstar dropped plans to pursue its sale in September, has decided to sell some of its portfolio to Dubai-based firm Elseco. 31 January 2019
Insurance
John Roche, president and CEO at The Hanover Insurance Group, expects to “build on the positive momentum” the firm achieved in 2018, which saw major changes such as the sale of its speciality insurer Chaucer to China Re. 31 January 2019
News
The Federal Emergency Management Agency (FEMA) has reduced the size of its annual reinsurance placement which provides coverage for the National Flood Insurance Program (NFIP). 31 January 2019
Insurance
The parent company of Bermuda-based Watford Re, a reinsurance sidecar launched by Arch Capital and Highbridge Capital, has filed for an initial public offering (IPO) on the Nasdaq. 30 January 2019
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Swiss Re has formed a new capital markets unit in Luxembourg and applied for authorisation to trade with EEA based clients to ensure trading continuity post-Brexit. 30 January 2019
Insurance
Chinese insurers are unlikely to dramatically alter their investment strategies or modify their asset allocations despite recent encouragement from the China Banking and Insurance Regulatory Commission (CBIRC) to invest their long-term funds in high-quality listed stocks and bonds, long-term equity investments, and securities brokerage firms' asset management plans and trust products, according to Fitch Ratings. 30 January 2019
Insurance
WR Berkley posted positive results for 2018 despite what it called a period of elevated worldwide catastrophes, but it shrank its reinsurance unit stressing that it will “grow where it can achieve its targeted return, while de-emphasizing less attractive opportunities”. 30 January 2019
Insurance
Property Claim Services (PCS), a Verisk Analytics business, has launched its industry catastrophe loss data aggregation and index reporting services for events occurring in Japan. 29 January 2019
Insurance
The ILS market grew to $93bn of outstanding non-life capital in 2018, suggesting the market is in good health despite a quieter final quarter, according to the latest report from Willis Re. 29 January 2019
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