News

Insurance

Assured Guaranty to acquire asset management firm BlueMountain for $160m

Bermuda-based Assured Guaranty has entered into an agreement to purchase all of the outstanding equity interests in BlueMountain Capital Management and its associated entities for approximately $160 million.   8 August 2019

Insurance

Third Point Re confirms Malloy as CEO; adds ex-AIG CFO to board

Bermuda-based Third Point Re has affirmed Daniel Malloy as its chief executive officer (CEO) and appointed former AIG chief financial Officer Sid Sankaran to its board of directors.   8 August 2019

Insurance

IRB Brasil Re to become first Latin American stakeholder in blockchain insurance initiative B3i

Brazil's major reinsurer IRB Brasil Re is set to acquire an 8.93 percent stake in the blockchain insurance industry initiative B3i Services for €3.5 million.   8 August 2019

Insurance

Travelers names new co-chief investment officers

Property/casualty insurer Travelers Companies has appointed David Rowland and Daniel Yin to executive vice president and co-chief investment officer, effective immediately.   8 August 2019

Alternative Risk Transfer

ILS market growth second-slowest in eight years in Q2 2019: Willis Re

The insurance-linked securities (ILS) market declined year-on-year in the second quarter of 2019, making it the second-lowest Q2 for issuance by volume in the past eight years, except for 2016.   7 August 2019

Insurance

Munich Re chairman Wenning ‘delighted’ by ‘highest’ Q2 result in four years

Munich Re described its consolidated results for the first half-year of 2019 as “gratifying” and pointed to “a very good underwriting result in property-casualty reinsurance in the second quarter” as part of the reason.   7 August 2019

Insurance

Sedgwick acquires Nordic Loss Adjusting in expansion move

Technology-driven risk solutions provider Sedgwick has acquired Nordic Loss Adjusting (NLA) and related entities in order to strengthen its presence in the Nordic region.   7 August 2019

Insurance

Enstar and Maiden Re finalise ADC deal with AmTrust

Bermuda-based Cavello Bay Reinsurance, a subsidiary of global insurer Enstar, has completed an adverse development cover (ADC) reinsurance deal with Maiden Reinsurance.   6 August 2019

Insurance

Swiss Re signs up to AI-driven Natural Language Understanding technology Cogito

Swiss Re Group has partnered with Expert System to provide AI-driven Natural Language Understanding (NLU) technology Cogito.   6 August 2019

Insurance

Insurers close 60% of Townsville, Australia, cat flood claims

The Insurance Council of Australia (ICA) said that 60 percent of insurance claims lodged since the Townsville floods were declared a catastrophe have been closed “marking a significant milestone in the city’s recovery”.   6 August 2019

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