News

Insurance

Fairfax acquires New Zealand’s Tower Insurance in all-cash deal

Canada-based Fairfax Financial Holdings, a property and casualty re/insurer, has agreed to acquire New Zealand-based general insurer Tower for an all-cash deal.   9 February 2017

Insurance

Cat bonds can meet Silk Road need: PhoenixCRetro

There is a potentially big opportunity for the insurance-linked securities (ILS) markets to develop parametric cat bonds that could cover some of the growing risks in Eastern Europe and Western areas of Asia, according to Kirill Savrassov, chief executive of PhoenixCRetro.   11 September 2019

Insurance

Occam Underwriting hails its progress in 2019

2019 has been a successful year for Occam Underwriting, chief executive officer Lance Gibbins told Monte Carlo Today, with the company growing organically and more than doubling premium income compared with 2018.   11 September 2019

Insurance

New owners of AIG’s Bermuda legacy unit Fortitude Re plot growth and diversification

The business has been acquired by The Carlyle Group and T&D Holdings and has secured a new rating.   3 June 2020

Insurance

Start-up MGA Tansar partners on new platform

Transactor Global Solutions (TGSL), an insurance software provider, has formed a partnership with Tansar, a start-up managing general agent (MGA).   1 August 2016

Insurance

IAG poaches Aon Benfield exec for reinsurance manager role

IAG, the multinational insurance company, has appointed Scott Grove as group general manager, reinsurance.   9 February 2016

Insurance

Greenberg Traurig hires insurance specialist from NYDFS

She was formerly NYDFS executive deputy superintendent for insurance.   27 January 2020

Insurance

Starr Insurance expands aviation to Brazil

Starr Insurance Companies’ Brazilian subsidiary, Starr International Brasil Seguradora, has been granted a local license to offer aviation insurance.   14 December 2018

News

Value chain compression a hot topic at Monte Carlo

Value chain compression is an increasingly hot topic in the reinsurance market, but larger brokers can be reluctant to make changes. That is the view of Jason Howard, chief executive officer of Beach, speaking to Monte Carlo Today.   9 September 2019

Insurance

Drinker Biddle and Reath predicts shift to vertical M&A activity in 2019/20

Mergers and acquisitions (M&A) activity will continue for 2019, and into 2020, particularly in light of interest rates and abundant capital in the market, Parimah Hassouri, partner at Drinker Biddle and Reath, told Monte Carlo Today.   9 September 2019

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