News
Insurance
JLT Re unit Jardine Lloyd Thompson Capital Markets (JLTCM) has completed the placement of catastrophe bond Oak Leaf Re 2018-1, which closed at $45.26 million. 27 June 2018
Insurance
Everest Insurance has appointed David Nikolai as head of the Specialty Insurance Group (SIG), a provider of insurance for the sports, leisure, and entertainment industry. 27 June 2018
Insurance
Japan’s property/casualty insurer Tokio Marine is looking for acquisitions in Asia with a $9 billion war chest as potential deals in Europe and the US become expensive, Reuters reported citing CEO Tsuyoshi Nagano. 26 June 2018
News
Reinsurance broker JLT Re has hired senior executives from RSA and Guy Carpenter to expand JLT FAC, its facultative reinsurance division that focuses on property, construction and casualty. 26 June 2018
Insurance
New amendments to Rhode Island’s Voluntary Restructuring of Solvent Insurers Law and the Rhode Island Protected Cell Companies Act will make run-off transactions easier to execute, and will open the door to a $100 billion market in US transactions via books of legacy business, according to consultancy firm Pro Global. 26 June 2018
Insurance
Berlin-based start-up Coya has been granted an insurance license by the German Federal Financial Supervisory Authority (BaFin). 26 June 2018
Insurance
Property data analytics provider Cape Analytics has raised $17 million in new financing, led by re/insurer XL Catlin-backed insurtech venture fund XL Innovate. 25 June 2018
Insurance
The Chinese government has taken full ownership of troubled Anbang Insurance Group, according to a Wall Street Journal report citing a June 22 statement by the regulator. 25 June 2018
Insurance
Crosswinds, a private equity firm focused on insurance, is planning to distribute all of its available capital to shareholders and dissolve the company, including its wholly-owned subsidiary Crosswinds Re. 25 June 2018
News
Latin American reinsurer Patria Re has hired Tom Cunningham from broker Guy Carpenter to oversee its reinsurance division as vice president. 25 June 2018
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