News
Insurance
Run-off specialist DARAG has completed the acquisition of SOBC Services, a company focused on the sourcing, acquisition and management of insurance entities and portfolios in run off in the US, Bermuda and Caribbean. 20 November 2018
Insurance
Intermediaries such as brokers or managing general agents (MGAs) need to lift their game for insurers to better understand their clients’ needs and improve their products and services based on this, said Lakshan De Silva, chief technology officer at technology firm Intellect SEEC. 19 November 2018
Alternative Risk Transfer
Specialty re/insurer Brit has unveiled a new multi-arrangement insurance special purpose vehicle to write general collateralised reinsurance for multiple cedants via Brit’s distribution network in the London market. 19 November 2018
Insurance
B3i, the blockchain insurance industry initiative, is cooperating with RiskBlock Alliance in the development and setting of data standards for the insurance industry. 15 November 2018
Insurance
The chief executive of the London and International Insurance Brokers’ Association (LIIBA) has voiced concerns regarding the draft Brexit agreement reached by the UK and European Union. 15 November 2018
Insurance
The financial strength ratings of Maiden Re and its US operating subsidiary Maiden Reinsurance North America have been downgraded to B++ from A- by AM Best in response to strategic changes at the company. 15 November 2018
Insurance
Dutch insurance group Aegon will reappoint Alex Wynaendts as its chief executive officer (CEO) of the company - for another four-year term. 15 November 2018
Insurance
American International Group (AIG) has renamed its legacy reinsurance portfolio DSA Re as Fortitude Group Holdings (Fortitude Re) following the completion of an acquisition of a 20 percent stake in the unit by private equity firm Carlyle Group. 14 November 2018
News
Citing Charles Darwin, SCOR CEO Denis Kessler believes that only the companies most responsive to change will survive in an increasingly complex and dynamic operating environment for reinsurers. 14 November 2018
Insurance
Wildfire losses in California will reach record levels in 2018 after three different fires erupted in November and will force insurers to re-price and reassess their California exposures, according to AM Best estimates. 14 November 2018
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