News

Insurance

Willis Re partners with insurtech Concirrus to transform specialty reinsurance markets

Willis Re, the reinsurance division of broker Willis Towers Watson, has entered into a strategic partnership with London-based insurtech company Concirrus.   22 May 2019

Insurance

MDP and HPS funds take minority equity stake in UK-broker Ardonagh Group

Two investment funds have agreed to buy a £92million ($117 million) stake in independent broker the Ardonagh Group.   21 May 2019

Insurance

Sompo swoops for Amlin's Pützer as head of financial lines in Germany

Bermuda-based specialty re/insurer Sompo International Holdings has hired Udo Pützer to join the company’s European insurance platform as head of financial lines insurance, Germany.   21 May 2019

Insurance

MS Amlin acquires strategic stake in specialist reinsurance MGA Envelop Risk

Global re/insurer MS Amlin has acquired an equity stake in specialist reinsurance managing general agent (MGA) Envelop Risk.   21 May 2019

Insurance

Brit appoints new head of outwards reinsurance from Aviva

Specialty re/insurer Brit has appointed James Drew as head of outwards reinsurance, based in London.   21 May 2019

Insurance

Korean Re sets up European reinsurance hub in Switzerland to drive overseas business

Seoul-based reinsurer Korean Re has launched a new reinsurance subsidiary in Zurich, Switzerland as part of its expansion strategy in the European market.   20 May 2019

Insurance

Capsicum Re bolsters Bermuda operations with ex-Amlin hire

Specialist reinsurance broker Capsicum Re has appointed Tom Mills to its Bermudian operation, in a move aimed at growing its presence on the island as it enters fifth year of trading since opening its office in 2014.   20 May 2019

Insurance

AM Best moves Third Point Re outlook to 'negative' over profitability concerns and management changes

Rating agency AM Best has revised the outlook of Bermuda-based reinsurer Third Point Re to negative from stable, expressing "concerns over the company’s business profile", its ability to make underwriting profits, and the recent changes in its senior management including the departure of its CEO Robert Bredahl.   17 May 2019

Insurance

The Hartford gets regulatory approvals for $2.1bn Navigators deal; date set for final completion

US-based property/casualty insurer The Hartford has received all regulatory approvals necessary for the closing of its acquisition of global specialty insurance holding The Navigators Group.   17 May 2019

Insurance

Global commercial insurance rates enjoy biggest hike since 2012: Marsh

Average commercial insurance prices globally enjoyed their biggest increase since 2012 in the first quarter of 2019, according to Marsh’s Global Insurance Market Index.   17 May 2019

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