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Bermuda targeted in sector consolidation push
Insurance
The recent US tax change and the significant natural catastrophe losses that hit the market in 2017 are expected to trigger consolidation in the re/insurance sector with a particular focus on Bermuda.   26 January 2018
Insurance
Rate increases in the January 2018 renewals were lower than expected after the significant natural catastrophe losses of the third quarter of 2017 but retrocession catastrophe programmes increased by up to 20 percent, according to a JLT Re market report.   26 January 2018
Insurance
Insurer CNA has strengthened the leadership of its commercial insurance unit with three appointments.   26 January 2018
Insurance
Trade credit insurers are expected to pay some £31 million to help firms in the supply chain recover from the collapse of UK construction company Carillion, according to the Association of British Insurers (ABI).   25 January 2018
Insurance
American International Group (AIG) has appointed Lockton executive Timothy DeSett as head of field operations, North America general insurance.   25 January 2018
Insurance
Composite Legal Expenses, a wholly owned subsidiary of AmTrust, has agreed to buy the business and assets of York-based firm General Legal Protection.   25 January 2018
Insurance
Ascent Underwriting, a specialist managing general agent underwriting on behalf of a number of Lloyd's Syndicates, has been acquired by mid-market private equity firm Preservation Capital Partners.   25 January 2018
Insurance
Rates will likely continue to increase through 2018 as opposed to fizzling out, S&P Global Ratings has suggested in a new report.   25 January 2018
Insurance
Volante Global, a new multi-class and multi-territory international managing general agent (MGA) platform, has hired executives from QBE and Barbican to boost its leadership team.   25 January 2018
Insurance
Arity, a Chicago-based data start-up by insurer Allstate, has launched a new technology designed to help insurers price individual motor policies partly based on how distracted they are by mobile technology while driving.   25 January 2018

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