Axa

Now that so many ILS platforms are owned by reinsurers, you might think that the debate over whether third-party investors are better served by reinsurer-affiliated ventures or independent platforms has been decisively settled.

The carrier will continue to write more long-tail business to manage down its cat exposure.

The unit booked rate gains of 5 percent in insurance and 2.4 percent in reinsurance during the period.

The two firms did not secure approval from Bafin within the allotted nine months.

Simon Hearn will initially retain his responsibilities as head of life and wholesale accident and health when he steps into the CUO role.

The new hire will replace Convex recruit Pagram in a US casualty role.

The exercise of the over-allotment option follows the sale of $834mn of shares in June.

The protection, which is led by Liberty Specialty Markets, comes after the state pool's remit was extended earlier this year.

Anne Middleton spent almost seven years at Catlin and successor entities after moving into the sector from PwC.

Hong Kong CEO Bouas-Laurent will take on the finance role, while the carrier hires a senior McKinsey partner for a strategy position.

The former Axa Hong Kong chief’s appointment is one of three management changes the carrier has made within its UK client and country team.

The French insurer cuts its stake in Axa Equitable to around 40.1 percent.