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Insurance
Munich Re wants to strengthen its asset management unit, perhaps through cooperating with partners, the company’s chief said in an internal memo, according to a Reuters report. 25 June 2018
Insurance
Managing agencies slightly favour the use of the Lloyd's Brussels subsidiary (57 percent) over the creation of their own EU subsidiary (43 percent), according to a survey with Lloyd’s market chief operating officers (COOs) commissioned by the Lloyd’s Market Association (LMA). 25 June 2018
Insurance
Property data analytics provider Cape Analytics has raised $17 million in new financing, led by re/insurer XL Catlin-backed insurtech venture fund XL Innovate. 25 June 2018
News
The Singapore Reinsurers’ Association (SRA) has re-elected Marc Haushofer, chief executive officer Asia Pacific & EVP of Validus Reinsurance Company, as its chairman for another term. 25 June 2018
News
German reinsurer Munich Re is in talks to sell its asset management division to US fund manager Guggenheim Partners, Reuters reported on June 21 citing a person familiar with the matter. 22 June 2018
Insurance
Re/insurer XL Catlin has launched its specialty aviation insurance offering in Mexico. The new product suite will initially focus on general aviation hull and liability risks. 22 June 2018
Insurance
AmTrust Financial Services stockholders have, at a special meeting held today, June 21, 2018, approved the proposed amended merger transaction which will take the insurer specialized in the coverage for small businesses private. 21 June 2018
Insurance
Grahame ‘Chily’ Chilton, the founding partner of Capsicum Re, is rejoining the specialist reinsurance broker later this year and step down from his role as UK chief executive officer (CEO) of Arthur J Gallagher. 21 June 2018
Insurance
New life insurer Ethos has started operating in the US with $11.5 million in financing led by Sequoia Capital. 21 June 2018
Insurance
American International Group (AIG) is acquiring Ellipse, a specialist provider of group life risk protection in the UK, from Munich Re. 20 June 2018
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