News

Insurance

R&Q seals acquisition of NN Group's Nationale-Nederlanden

Insurance services and investment company Randall & Quilter Investment Holdings (R&Q) has completed the acquisition of the entire issued share capital of UK-based Nationale-Nederlanden Internationale Schadeverzekering (NNIS) from its owners NN Group.   4 March 2019

Insurance

Arch creates new role in innovation strategy; shuffles mortgage leadership

Bermuda-based re/insurer Arch Capital Group has appointed Andrew Rippert, David Gansberg, and Michael Schmeiser to new leadership roles.   4 March 2019

Insurance

Former AmTrust investor Krupa files complaint alleging antitrust violations

Krupa Global Investments (KGI), a Prague-based investment firm and formerly a significant shareholder of AmTrust Financial Services, has filed a complaint against Stone Point Capital and AmTrust before the European Commission Directorate-General for Competition.   1 March 2019

Insurance

Munich Re leads Pool Re's £2.3bn terrorism retrocession placement

UK government-backed terrorism mutual reinsurer Pool Re has completed a £2.3 billion terrorism retrocession placement led by Munich Re.   1 March 2019

Alternative Risk Transfer

Markel CatCo board recommends run-off as future in question

The future of Markel CatCo looked less certain today as the company’s board said it would “recommend an orderly run-off” of the firm's portfolios.   1 March 2019

Alternative Risk Transfer

UnipolSai places €45m Atmos Re cat bond structured by Willis Towers Watson

UnipolSai Assicurazioni, one of the biggest insurers in Italy, has placed a €45 million catastrophe bond providing it with protection against perils in Italy including atmospheric phenomena, snow pressure and flood risks (including Vatican City and San Marino Republic).   1 March 2019

Insurance

Allianz appoints Hans-Joerg Mauthe as new AGCS Central & Eastern Europe CEO

Germany's Allianz has appointed Hans-Joerg Mauthe as regional CEO, Central & Eastern Europe (CEE), of its commercial insurance arm Allianz Global Corporate & Specialty (AGCS).   1 March 2019

Insurance

Allianz hires AIG's Claudia Salem as new CEO of property/casualty in Asia

Allianz has appointed Claudia Salem as its new chief executive officer, property & casualty for Asia Pacific.   1 March 2019

Insurance

TigerRisk recruits JLT Re's Florida market reinsurance expert David Unsworth

Reinsurance broking and risk/capital management firm TigerRisk Partners has hired a Florida market reinsurance veteran from Jardine Lloyd Thompson Group (JLT).   1 March 2019

Insurance

Cincinnati closes £102m acquisition of Munich Re subsidiary MSP Underwriting

Cincinnati Financial Corporation has completed the acquisition of MSP Underwriting from Munich Re. The all-cash transaction values £102 million.   1 March 2019

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