News

Insurance

London insurance market warned 'turbo charge contingency plans' after Brexit delay vote

Last night the UK Parliament voted in favour of requesting an extension to Article 50 and consequently a delay to Brexit beyond the 29 March deadline.   15 March 2019

News

PartnerRe unveils longevity reinsurance transaction with Manulife

Reinsurer PartnerRe has entered into a transaction with Manufacturers Life Insurance Company (Manulife) to reinsure longevity risk from an in-force block of Canadian group payout annuities.   14 March 2019

Insurance

Zurich reveals tie-up to strengthen M&A insurance capacity

Zurich Australia Insurance, a part of Zurich Insurance Group, has entered into an underwriting agency partnership that it hopes will boost its capacity in the mergers and acquisitions (M&A) insurance space.   14 March 2019

Insurance

Hamilton acquires Lloyd's Pembroke Managing Agency, Ironshore Europe from Liberty Mutual

Bermuda-based Hamilton Insurance Group has signed a definitive agreement with Liberty Mutual Group to acquire the Pembroke Managing Agency platform at Lloyd’s and Ironshore Europe DAC (IEDAC).   14 March 2019

Insurance

AIG unit Validus Reinsurance plans expansion into Canadian reinsurance market

Bermuda-based Validus Reinsurance, a part of American International Group (AIG), is planning to establish a new reinsurance branch in Canada.   13 March 2019

Insurance

BMS 2018 annual profits bumped up to £100m; CEO Cook lauds "remarkable results"

Specialist re/insurance broker BMS Group posted a 25 percent increase in its 2018 revenues, mostly driven by growth in its London wholesale and US reinsurance businesses, according to CEO Nick Cook.   13 March 2019

Insurance

Lloyd's Channel Syndicate names Ackland as chief commercial officer

SCOR-backed Channel Syndicate 2015 at Lloyd’s has appointed Matt Ackland as chief commercial officer of the London platform.   13 March 2019

Insurance

Qatar General Insurance appoints Al-Efrangi as new CEO

Qatar General Insurance and Reinsurance Company has appointed Hassan Ahmed Hassan Al-Efrangi as new group chief executive officer.   13 March 2019

Insurance

Insurance for legal marijuana hindered by limited policies, finds AM Best

Marijuana insurance is a fast-growing and evolving market but many insurers remain wary of such a controversial product even where it is legalised, according to an AM Best report.   13 March 2019

Insurance

PartnerRe P&C CEO Goldie departs amid management reorganisation

Bermuda-based PartnerRe is reorganising its property & casualty (P&C) business, resulting in the creation of a new regional structure, and departure of its P&C chief executive Charles Goldie.   13 March 2019

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