News

Alternative Risk Transfer

Swiss Re places $100m First Coast Re II cat bond in Singapore, "excited" to promote Asian ILS market

Global reinsurer Swiss Re has placed the first catastrophe bond, a $100 million First Coast Re II (Series 2019-1), under Singapore's new insurance-linked security (ILS) framework for Security First Insurance Company.   28 May 2019

Insurance

Argo AGM 2019: shareholders back board but question executive reward

Shareholders voted “overwhelmingly in favour” of directors put forward by re/insurance firm Argo at its AGM, crushing a bid to change direction at the top of the company by activist investor Voce Capital Management.   28 May 2019

Insurance

AIG's Talbot to shut Australian and Lloyd’s China offices

Talbot Underwriting, a subsidiary of American International Group (previously Validus Holdings), is closing its Australian office and Lloyd’s China division, in a move the company hopes will bring "enhanced value" to its partners in the region.   28 May 2019

Insurance

Sharing economy insurance start-up Pikl secures £2.5m funding from Direct Line founder Sir Peter Wood

Norwich-based insurance provider for the sharing economy Pikl has raised £2.5 million seed/pre-series A funding from Sir Peter Wood, the founder of Direct Line and Esure.   28 May 2019

Insurance

Everest Re adds Stone Point founding partner Hartzband to board

Bermuda-based re/insurer Everest Re Group has appointed Stone Point Capital founding partner Meryl Hartzband to its board of directors.   28 May 2019

Insurance

Markel appoints Asia head of personal accident, contingency and entertainment from Chubb

Specialist insurer Markel International has appointed Rajesh Sinha as head of personal accident, contingency and entertainment (PACE) in Asia.   28 May 2019

Insurance

Beazley's Lake to replace Bride as group finance director amid board reshuffle

Specialty insurer Beazley has appointed Sally Lake to replace Martin Bride as the group finance director.   24 May 2019

Insurance

‘Slow-burn’ climate risks for life and health insurers flagged in Swiss Re Institute report

Climate change risks are a key focus for the insurance sector but its “slow-burner” effect on public health and how that will impact insurers has been flagged up as one to watch in the 2019 SONAR report from the Swiss Re Institute.   24 May 2019

Insurance

Theresa May's resignation adds to insurers' Brexit uncertainty

The Prime Minister of the UK, Theresa May, has announced that she will resign her position as leader of the Conservative Party in June and then step down as PM after her replacement is found.   24 May 2019

Insurance

Reinsurance Group of America to acquire Generali's UK life legacy business

Italian insurance group Generali has entered into an agreement for the sale of the life run-off portfolio of its UK branch with a subsidiary of Reinsurance Group of America (RGA).   24 May 2019

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