News

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

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

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