News

Insurance

AXA XL bolsters London reinsurance leadership with Hiscox, Greenlight hires

Re/insurer AXA XL has made three key appointments to its London reinsurance team from Hiscox and Greenlight.   29 July 2019

Insurance

Nexus acquires London-based financial and professional lines MGA Plus Risk

Specialty managing general agent (MGA) Nexus Group has acquired Plus Risk (PRL), a London-based financial and professional lines MGA providing management liability and niche professional indemnity insurance.   29 July 2019

Alternative Risk Transfer

Hiscox delivers $168m profit for H1 2019 despite challenging claims, says CEO Masojada

Hiscox has delivered profits in its results for the first six months of 2019 “despite a more challenging claims experience”, said Bronek Masojada, chief executive at the re/insurer.   29 July 2019

Insurance

Aon reports ‘strong organic growth’ for four quarters in Q2 2019 results

Broker Aon reported “strong organic revenue growth”, for the fourth consecutive quarter, in its 2019 second quarter results, published today (26 July).   26 July 2019

Insurance

Kingstone increases catastrophe reinsurance cover by 35% to $602.5m at renewal

Property/casualty insurance holding company Kingstone, through its wholly-owned subsidiary Kingstone Insurance Company (KICO), has signed new reinsurance treaties with multiple carriers for the treaty year beginning July 1, 2019.   26 July 2019

Insurance

Blue Capital Re to wind up operations, pursue run-off of liabilities and in-force treaties

Blue Capital Reinsurance Holdings has decided to cease active operations and pursue an orderly run-off of its liabilities and in-force portfolio and return capital to shareholders as it winds up operations.   26 July 2019

Alternative Risk Transfer

Arch secures $700m ILS reinsurance for mortgage risk with Bellemeade Re

Bermuda-based Arch Capital Group' US mortgage insurance operation Arch Mortgage Insurance Company (Arch MI) has confirmed a $700 million of indemnity reinsurance from special purpose reinsurer Bellemeade Re 2019-3 in an insurance-linked security (ILS) deal.   26 July 2019

Insurance

Mapfre Re reports almost 30% drop in profits in group H1 2019 results

Spanish based global re/insurer Mapfre reported modest revenue and premium growth overall in its results for the first half of 2019, but its reinsurance business Mapfre Re fared less well with a nearly 30 percent drop in net profit results.   26 July 2019

Insurance

Markel to wind down CatCo Re, launch new retrocessional ILS platform

Specialty insurer Markel Corporation intends to establish a new retrocessional insurance linked securities (ILS) fund platform ahead of the 2020 renewal period in Bermuda, comprised of a reinsurance company, fund entity and investment manager.   26 July 2019

Insurance

RGA elects Hamilton chief Pina Albo; says diversity a 'key priority' for board

Reinsurance Group of America (RGA) has appointed Hamilton CEO Pina Albo to its board of directors, increasing the female representation on its board to 38 percent.   26 July 2019

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