News
Insurance
Privately held insurance broker Lockton recorded organic revenue growth in the US of 7.7 percent year on year in its recently completed fiscal year 2018. 29 June 2018
Insurance
Digital all-round insurer ONE and Munich Re have created a joint venture called ONE Coach which will enable customers to monitor in real time how their individual lifestyle choices affect their risk assessment score, according to a company statement. 28 June 2018
Insurance
Athene Holding, the life insurance affiliate of private equity firm Apollo Global Management, has expressed interest in acquiring all or parts of General Electric’s troubled long-term care insurance business, according to a Financial Times report citing two people familiar with the matter. 28 June 2018
Insurance
Validus Specialty, a subsidiary of Bermuda-based re/insurer Validus Holdings, has appointed Bob Eells as senior vice president and chief operating officer. He joins the company from XL Catlin. 28 June 2018
Alternative Risk Transfer
Bermuda domiciled Limestone Re has issued $278 million of notes to investors in a private placement transaction that provides collateralised reinsurance for Liberty Mutual’s US property catastrophe programme, as well as US homeowners and global property reinsurance risks. 28 June 2018
Insurance
The US Federal Home Loan Mortgage Corporation, Freddie Mac has auctioned off a pool of residential mortgage insurance contracts in a deal which will provide a maximum limit of up to approximately $300 million of losses on single-family loans under its Agency Credit Insurance Structure (ACIS) programme. 28 June 2018
Insurance
Insurance broker Lockton has appointed Jerry Ridge as global head of marine and energy reinsurance. 28 June 2018
Alternative Risk Transfer
Sponsors and investors showed continued interest in ILS last year, with record-breaking issuance and over $12 billion of new capital brought to market, and the Bermuda Stock Exchange reinforced its position as the ILS listing venue of choice, as BSX president and CEO, and chairman of ILS Bermuda, Greg Wojciechowski explains. 28 June 2018
Alternative Risk Transfer
How has London adapted to become a hub for ILS business, asks Clive O’Connell, partner, head of insurance and reinsurance at McCarthy Denning. 28 June 2018
Insurance
Re/insurance broker Miller has hired onshore energy specialist Ryanne Smith to further expand its energy capabilities in North America. 14 June 2018
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