News
Insurance
Insurer Rothesay Life is mulling making a £3.5 billion bid for ReAssure, Swiss Re’s UK closed book business, potentially jeopardising plans to list the unit this year, according to reports. 7 January 2019
Insurance
UK terrorism mutual reinsurer Pool Re will no longer offer its members reinsurance coverage for contingency cover they provide to their insureds because sufficient capacity now exists within the commercial insurance and reinsurance markets to cover contingency losses arising from acts of terrorism. 7 January 2019
Insurance
The US commercial insurance composite rate averaged an increase of 2 percent in the fourth quarter 2018, which matches the composite rate for the entire year of 2018 (up 2 percent), according to analysis by MarketScout, which compiles commercial and personal lines Market Barometers. 7 January 2019
Insurance
Accredited Insurance (Europe), a subsidiary of Randall & Quilter Investment Holdings, has signed a new program underwriting partnership with Kitsune, a UK MGA providing private motor insurance. 7 January 2019
Insurance
Willis Towers Watson has appointed Colin Forrest as regional leader for Europe, Middle East and Africa (EMEA) in the company’s Insurance Consulting and Technology business. He takes over from Frank Schepers who will step into a new role managing large client engagements. 7 January 2019
Alternative Risk Transfer
Freddie Mac, the US government-sponsored enterprise that provides liquidity to the US mortgage markets by buying mortgages from lenders, transferred a new type of risk into the reinsurance markets as part of an ongoing expansion of its risk transfer programme. 4 January 2019
Insurance
The members of the Property Casualty Insurers Association of America (PCI) and the American Insurance Association (AIA) voted at the end of last year to approve a merger of the two groups. The result has been the creation of the American Property Casualty Insurance Association (APCI). 4 January 2019
Insurance
Allianz Global Corporate Specialty has partnered with POP Insurance Holdings, an Australia-based specialist insurance group, to launch a new managing general agent (MGA) focused on mergers & acquisitions transactions across the Asia Pacific region. 4 January 2019
News
QBE’s UK operations have started using artificial intelligence to help its underwriters make better decisions when selecting and pricing risks, something it claims also allows its UK customers to purchase cover more quickly and effectively. 3 January 2019
News
Insurance Australia Group (IAG), which buys one of the biggest catastrophe reinsurance programmes in the world, has again increased the size of its programme to buy some A$9 billion ($6.3 billion) of coverage for 2019 - A$1 billion more than the year before. 3 January 2019
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