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Fosun takes majority slice of Tenax Capital

The deal follows recent ILS fund manager investments by White Mountain and Scor.

Sofia Geraghty, 02 July 2019
Allianz’s seat at the Lloyd’s advisory table highlights the company market buy-in to Neal’s transformation plans

Lloyd’s CEO John Neal is refreshingly out of step with the socio-political zeitgeist in his consensus-building, “big tent” approach to the transformation of the 330-year-old market.

Laura Board, 02 July 2019
AM Best ‘cautiously optimistic’ on post-AOB reform Florida homeowners pricing

It’s unclear if lawyers will continue to exploit loopholes in the new AOB reform, the rating agency says in its Florida market report.

Laura Sanicola, 02 July 2019
Casualty reinsurers enjoying rate rises but reserving fears remain

Willis Re’s latest renewal report highlights how the casualty reinsurance pricing is improving while the market contends with some of the reserving sins of the past.

Christopher Munro, 02 July 2019
Berkshire selling Applied Underwriters to United Insurance

The deal comes amid regulatory probes into the workers’ compensation insurance unit.

Christie Smythe, 02 July 2019
Liberty Mutual tops up Limestone sidecar with $240mn

The mid-year renewal included $135mn from a Bermuda-listed placement, which shrank from $278mn after the insurer revised the covered portfolio.

Lucy Jones, 01 July 2019
FedNat grows XoL programme ahead of 1347 PIH deal

FedNat has increased its level of aggregate protection in advance of its acquisition of 1347 PIH.

Laura Sanicola, 01 July 2019
Mid-year renewals show ‘tangible pricing momentum’: Willis Re

Reinsurance rates are rising, especially in Florida and retro, but primary market changes are still outstripping the significance of these improvements.

Fiona Robertson, 01 July 2019
Enstar extends window to complete Maiden ADC

The deal was expected to close by the end of June.

Laura Sanicola, 01 July 2019
ProSight files for New York Stock Exchange IPO

The program specialist seeks to list after a record first half for US stocks.

Rachel Dalton, 01 July 2019

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