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Insurance
US-based global health service company Cigna has called off a proposed merger agreement with Anthem following an order from the US District Court for the District of Columbia and demands more than $14.85 billion compensation from Anthem. 15 February 2017
Insurance
Reinsurers that attempt to increase rates on programmes in Asia on the back of the recent catastrophe losses in North America risk losing market share to new or emerging reinsurance capital that has so far struggled to gain market share in the region, Stuart Beatty, chief executive, Asia-Pacific, JLT Re, told SIRC Today. 31 October 2017
Insurance
Primary insurance writers in Asia are exploring growth opportunities in new, longer tail business segments—but a shortage of experienced actuaries in the region may open up opportunities for reinsurers that have the relevant technical experience and can partner with insurers on writing such business. 31 October 2017
article
Tom Bolt, the director of performance management at Lloyd’s, was voted the Re/insurance Leader of the Year in Intelligent Insurer’s annual global reinsurance industry awards based on a comprehensive survey of senior industry executives globally. 29 September 2014
News
Profits plummeted at Munich Re in the second quarter of 2017 but the world’s biggest reinsurer said it was still well on track to reach its 2017 profit guidance of between €2 billion €2.4 billion. 9 August 2017
Insurance
US insurer Travelers has appointed Michael Casella as senior vice president, international insurance. 20 November 2015
Alternative Risk Transfer
Elliott Management Corporation, a hedge fund manager based in London, will acquire a controlling interest in Aeolus Capital Management (ACM), a Bermuda-based manager of insurance-linked securities (ILS), and its affiliates. 2 November 2016
Insurance
As it evaluates and reacts to the impact of the UK’s decision to leave the European Union, the London Market must turn its sights further afield and assess the opportunities that exist in other global markets. 11 September 2016
Insurance
Barbican Insurance has appointed Chris White as underwriting manager of the firm’s energy division. He will report to David Booth, the active underwriter of Syndicate 1955. 12 March 2014
Insurance
Sponsoring transparent and understandable cat bonds—including bonds that use parametric triggers—could become one of the most effective risk transfer instruments for emerging economies to resolve the developing issue of the protection gap at the macro level, Kirill Savrassov, CEO of Phoenix CRetro, a niche Bermudian ILS specialist, told Baden-Baden Today. 25 October 2017
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