Reinsurance

The legacy carrier continues to work on a replacement for CEO-designate Tom Booth.

Chairman and CEO Ken Randall says the company has a strong deal pipeline after striking 19 legacy transactions last year.

The executive is currently head of the broker's local retrocessional practice.

The Spanish insurer's commercial specialty division rebounds from a period of large losses.

The CEO says the carrier will look to "optimise" the structure of its property reinsurance programme at the May renewal.

Axa has announced the launch of the IPO of its life company Axa Equitable Holdings (AEH) at a price range of between $24 and $27 per share.

Axa’s run-off management arm has appointed KPMG to advise on the disposal of a $100mn US asbestos, pollution and health hazard legacy portfolio, The Insurance Insider has learned.

Rob Berkley, CEO of WR Berkley, has said his firm will not pull out of reinsurance despite what he termed a “frustrating” period for the segment.

Catalina today announced it had assumed a portfolio of run-off US P&C liabilities from Arch Re, with net outstanding reserves of about $410mn.

North American winter storms took their toll on several carriers during the first quarter of 2018.

The legacy sector has seen surging deal volumes of late, but the major inflows of capital into the space look set to choke off returns, with the live market’s depressed returns a cautionary tale for run-off acquirers.

While 2017 was a challenging year for the ILS market, it may not have been the year of "the great test", according to Leadenhall CEO Luca Albertini.