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Natural catastrophes have impacted Bermuda-based RenaissanceRe Holdings’ (RenRe) profits in the third quarter of 2018 while the company revealed that it is acquiring Tokio Millennium Re (TMR) for approximately $1.5 billion. 31 October 2018
News
Challenging market conditions and a renewed focus on building its primary insurance business have resulted in Tokio Marine Holdings taking the decision to divest its reinsurance operations in a $1.5 billion sale to specialist Bermuda reinsurer RenaissanceRe Holdings, which is scaling up its business. 31 October 2018
Insurance
There has been an uptick in mergers and acquisitions (M&A) in re/insurance, with large deals such as AIG-Validus and AXA-XL making recent headlines. 30 October 2018
Insurance
Specialist re/insurance market Lloyd’s of London has revealed that it will write facultative reinsurance and non-proportional excess of loss (XoL) treaty reinsurance on Lloyd’s Brussels paper from 1st January 2019 across all markets in the EEA. 30 October 2018
Alternative Risk Transfer
Brian Duperreault, the chief executive officer of AIG, has called for insurance linked-securities (ILS) to help cover the growing challenge of cyber risk, at the official opening event of the 15th Singapore International Reinsurance Conference, noting that Asia has more cyber attacks than any other region. 29 October 2018
Insurance
American International Group (AIG) has appointed Peter Bilsby as global head of specialty. 29 October 2018
News
The Guy Carpenter Baden-Baden 2018 Reinsurance Symposium has raised the question of where the recent wave of mergers & acquisitions (M&A) is taking the sector. 22 October 2018
Insurance
Consolidation and yet more mergers and acquisitions (M&A) in the industry will be the biggest talking point in Baden-Baden this year, closely followed by negotiations over rates and terms and conditions, according to an online survey carried out by Intelligent Insurer ahead of this renewals season. 22 October 2018
Insurance
Following multiple quarters of missed earnings, American International Group’s (AIG’s) large third quarter cat losses will further weigh on investor sentiment, Morgan Stanley said in a note. 20 October 2018
Insurance
American International Group (AIG) expects to report third quarter 2018 pre-tax catastrophe losses, net of reinsurance, of approximately $1.5 to $1.7 billion. 19 October 2018
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