News

Alternative Risk Transfer

Markel closes Nephila acquisition

Markel Corporation has completed its acquisition of Nephila Holdings, the biggest insurance-linked securities (ILS) manager in the world.   15 November 2018

Insurance

Cost savings boost NN Group’s Q3 results

Dutch insurer NN Group enjoyed an increase in its profits in the third quarter of 2018 partly boosted by further cost savings as a result of its 2017 acquisition of Delta Lloyd.   15 November 2018

Insurance

RSA restructures London market business, exits three lines as profits slump

RSA Insurance Group has revealed its plans to scale back London Market exposures and restructure its specialty and wholesale business following a strategic review of all of its portfolios.   14 November 2018

Insurance

California wildfires to cause record losses: AM Best

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

Insurance

Covéa CEO resigns from SCOR board

Covéa chairman and CEO Thierry Derez has resigned from SCOR’s board of directors after SCOR CEO Denis Kessler had asked him to step down.   14 November 2018

Insurance

Enstar creates Cayman insurer following Maiden deal

Enstar is creating a Cayman Islands-licensed insurance company (the Retrocessionaire) as a subsidiary of the group following the retrocession deal with Maiden Holdings.   14 November 2018

Insurance

Willis mulls Central Asian market growth with new Kazakhstan operation

Broker Willis Towers Watson has opened a new re/insurance operation in Kazakhstan to expand its presence in what it recognises as the "key Central Asian growth market".   14 November 2018

Insurance

QBE sells Farmers Union business to National General

Specialist insurer QBE North America is selling its Farmers Union Insurance business to National General Holdings as part of its strategy to reinforce focus on its core offerings and improve future earnings profile.   14 November 2018

Insurance

Hamilton Re poaches head of risk XS from Hiscox

Bermuda-based Hamilton Re has appointed David Roache to the newly-created position of senior vice president, head of risk XS.   14 November 2018

Insurance

Antares partners with insurtech Concirrus to increase profitability at Lloyd's

Antares, a Lloyd’s managing agent and member of the QIC Group, has partnered with London-based insurtech Concirrus to drive data-driven underwriting at Lloyd’s.   14 November 2018

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