Acquisitive legacy-to-live carrier Enstar is thought to have taken the lead in negotiations to take on the London-based run-off book of Brazilian reinsurance giant IRB-Brasil Resseguros (IRB).
Swiss Re has predicted that the mutual insurance market will undergo further consolidation as member-owned carriers try to benefit from economies of scale
Shares in US insurance giant The Hartford were down more than 10 percent in morning trading following a significant second quarter earnings miss that its chairman and CEO described as "disappointing"
The Hartford’s second quarter results were affected by $228mn of reserve charges that primarily stemmed from adverse development in its book of legacy asbestos and environmental (A&E) liabilities and its personal lines auto business.
