News
Insurance
Cayman-based property/casualty reinsurer Oxbridge Re effectively stopped writing business in the first quarter of 2019 as it grappled with the events of the previous hurricane season, when it suffered limit losses on all reinsurance contracts – but its CEO said he is optimistic about the future of the business. 15 May 2019
Insurance
Lloyd's broker Bishopsgate, part of the Ardonagh Group, has appointed Jonathan Turnbull as its new chief executive officer (CEO), replacing Neil Pearce. The appointment is subject to regulatory approval. 15 May 2019
Insurance
Bermuda-based Aspen Insurance Holdings has made a series of key changes in its executive leadership team, as well as placed its UK-based MGA Aspen Risk Management (ARML) into run-off, and closed its Dublin office, in a move it hopes will strengthen the company's "competitive position" and enhance operational efficiency under Apollo's ownership. 15 May 2019
Insurance
PartnerRe has completed a second transaction with The Manufacturers Life Insurance Company (Manulife) to reinsure longevity risk for an in-force block of Canadian individual payout annuities. 14 May 2019
Insurance
Bermuda-based AXIS Capital Holdings has partnered with cyber security start-up accelerator CyLon to help companies mitigate their cyber risks. 14 May 2019
Insurance
Bermuda-based specialty re/insurer Sompo International Holdings is targeting the life sciences industry with its new insurance offering to be led by senior vice president Todd Lauer. 14 May 2019
Insurance
The uptake of M&A insurance across Europe, the Middle East and Africa (EMEA) has increased significantly as risks associated with transactions become more complex, according to a new report by Aon. 14 May 2019
Insurance
Third Point Re chief executive Robert Bredahl has joined reinsurance broking and risk/capital management firm TigerRisk as president, chief operating officer (COO) and member of its board. 14 May 2019
Insurance
Allianz enjoyed a strong first quarter with both revenue and profits increasing sharply driven by its property/casualty segment, which posted strong premium growth, lower claims from natural catastrophes and an improved expense ratio. 14 May 2019
Insurance
Some 250 tornadoes touched down in the US during April – the most for April since 2011 – a phenomenon that should invigorate insurers to redouble efforts to understand flood risk and further encourage insurance take-up to lower the protection gap, according to Aon. 14 May 2019
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