News

Insurance

Chaucer appoints China Re P&C exec Dr Zuo Huiqiang as new non exec

Specialty re/insurer Chaucer has appointed Dr Zuo Huiqiang, the deputy general manager of China Re P&C, as a non-executive director of Chaucer Syndicates, the group’s Lloyd’s managing agency.   20 March 2019

News

Munich Re unveils ‘ambitious’ group profit target of €2.5bn for 2019

In its 2019 outlook, Munich Re has unveiled a group profit target of around €2.5bn, saying the reinsurer is “on track” to achieve this.   20 March 2019

Insurance

SCOR unveils round of promotions as Blanc and Conoscente take new roles

SCOR has made five appointments including CEO posts, as part of a senior reshuffle that will start coming into effective from 1 April 2019.   20 March 2019

Insurance

PERse sets up Miami office to focus on LATAM renewable energy

Specialty property and casualty insurer for power and energy PERse (Power.Energy.Risk) has set up an office in Miami with a new team to focus on underwriting renewable energy projects in Latin America.   19 March 2019

Insurance

CICA elects McElhiney as chairman

The Captive Insurance Companies Association (CICA) has elected Steve McElhiney as chairman of its board of directors.   19 March 2019

Alternative Risk Transfer

Markel: ILS represents ‘strategic pillar’ despite CATCo challenges

Markel said it is “incredibly optimistic” about the future of its insurance linked securities (ILS) business despite ongoing investigations into recorded loss reserves at CATCo and its subsidiaries.   19 March 2019

Insurance

Talanx completes ‘generational shift’ at board level

Talanx, the German re/insurer, has renewed its board in what it has called a “generational shift”.   18 March 2019

Insurance

PE-backed insurer Palomar files for IPO on the Nasdaq

Fast-growing US specialty insurer Palomar Holdings has filed for an initial public offering (IPO) on the Nasdaq stock exchange. It is looking to raise $50 million from the deal.   18 March 2019

Insurance

Arch Mortgage Insurance signs $341.7m ILS with Bellemeade Re

Arch Mortgage Insurance Company (Arch MI) has confirmed $341.7 million in indemnity reinsurance from special purpose reinsurer Bellemeade Re in an insurance-linked security (ILS) deal.   18 March 2019

Insurance

Maiden losses widen in 2018 results despite strategic measures to de-risk business

Losses increased at Bermuda-based Maiden Holdings despite taking several strategic measures to de-risk its balance sheet in an "extremely difficult year", but its CEO Lawrence Metz believes that the performance will start to improve in 2019 as it nears the end of its review process.   18 March 2019

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