Reinsurance

The final outcome of 1 January looks likely once again to counter the typically bullish commentary from reinsurers at Monte Carlo.

The storm has strengthened to a Category 2 hurricane as it moves in a northwestern direction.

The legacy arm of Axa has agreed to acquire a EUR85mn portfolio of Sovag’s inward reinsurance business and direct business.

Barbican and AmTrust have now both launched formal processes to secure a reinsurance-to-close transaction.

With the recent push from Lloyd’s to remediate the market’s ailing profitability, it’s widely expected that the legacy market will see greater reinsurance-to-close (RITC) deal flow in the months to come.

The storm could hit the southeastern US from as early as Wednesday night, according to the National Hurricane Center.

Ten years ago, I walked into The Insurance Insider office for the first time, flagrantly breaking the first commandment of insurance journalism: never start a new job the week before Monte Carlo.

The legacy carrier would use the Lloyd's platform to access the reinsurance-to-close market.

TigerRisk has been appointed to advise on the disposal of the Irish public liability and employers' liability book.

The carrier has brought together its program businesses on both sides of the Atlantic.

Tropical Storm has 50% chance of hitting the Eastern seaboard.

Rip tides and storm surges are expected in Bermuda next week as a result of the storm.