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Insurance
A number of representative bodies and Lloyd’s have welcomed the announcement by the Bank of England that it will allow EU banks and insurers to operate normally in the UK post-Brexit and is undertaking a review of its authorising and supervision policies for international firms. 21 December 2017
Insurance
The General Insurance Corporation of India (GIC Re) has received “in principle” approval from the Lloyd’s Franchise Board to create a new syndicate, its managing agency Pembroke has confirmed. 21 December 2017
Insurance
Hamilton Underwriting, the managing agency of Syndicate 3334 and the Lloyd's operations of Hamilton Insurance Group, has reached an agreement with Randall & Quilter (R&Q) in conjunction with AXA DBIO, to support the Reinsurance to Close (RITC) of Syndicate 3334’s 2014 and prior years of account. 21 December 2017
Insurance
Speciality insurer Chaucer has taken its first steps into the world of third party capital by forming its first reinsurance sidecar, formed to provide collateralized capacity for Chaucer Syndicate 1084’s global reinsurance portfolio in 2018. 21 December 2017
Insurance
StarStone Underwriting, the Lloyd’s managing agency belonging to legacy acquisition specialist Enstar Group, has signed a letter of agreement with Neon Underwriting for Enstar’s Syndicate 2008 to undertake a reinsurance-to-close transaction. 21 December 2017
Insurance
The Insurance Council of Australia (ICA) has declared a catastrophe for damage caused by storms that struck parts of regional Victoria and metropolitan Melbourne on Tuesday December 19. 21 December 2017
Insurance
Prudential Retirement, a unit of Prudential Financial, and Legal & General Group have concluded their sixth longevity reinsurance agreement since 2014 – a deal hailed as representing the resurgence of the longevity reinsurance sector in the UK. 21 December 2017
Insurance
Gramercy Risk Holdings, a New York-based insurance programmes management platform, has raised an undisclosed amount of equity capital, which it plans to use to buy and capitalise a shell insurance company. 21 December 2017
Insurance
The Ardonagh Group, the UK’s largest independent insurance broker with global reach, has completed the acquisitions of Carole Nash Insurance Consultants and Mastercover Insurance Services. 21 December 2017
Insurance
Volante Global, a new multi-class and multi-territory international managing general agent (MGA) platform which will commence trading during the first quarter of 2018, plans to launch a reinsurance MGA in early 2018. 20 December 2017
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