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Swiss Re warns of $1bn in Q4 nat cat losses

The reinsurer pegs the large man-made loss estimate at $300mn.

Rachel Dalton, 15 January 2019
BGC’s $90mn-$100mn Ed takeover set for January close

Seller Lightyear Capital will crystallise a significant loss after the business was carried to the brink by indebtedness.

Adam McNestrie, 15 January 2019
Frenchman’s Reef owner says XL suit belongs in Virgin Islands

The hospitality firm is in a legal fight with insurers over a $303mn hurricane damage claim.

Christie Smythe, 15 January 2019
AIG confirms North American GI and Lexington realignment

The insurer sent a letter to brokers confirming changed distribution lines for its US platforms.

Adam McNestrie, 15 January 2019
Willis appoints Arrowsmith head of client services

Arrowsmith was most recently executive chairman of JLT Insurance Management in Bermuda.

Laura Sanicola, 14 January 2019
Aspen to divest UK regional MGA arm

ARML writes a book of UK regional P&C business and was bought by the carrier in 2010.

Adam McNestrie, 14 January 2019
AmWins buys Lexington program administrator

The deal is AmWins’ second MGA acquisition this month.

Laura Sanicola, 14 January 2019
PG&E to file for bankruptcy protection

The Chapter 11 procedure adds a new dimension to carriers’ legal action against the utility related to losses incurred from the Camp Fire.

Rachel Dalton, 14 January 2019
McLarens Aviation names new MD

Trehane Oliver will take over following the departure of Nigel Minett in April.

John Hewitt Jones, 14 January 2019
Pool Re taps ILS market for £75mn cover

CEO Julian Enoizi prepares the ILS market’s first terrorism cat bond in more than 15 years.

Sofia Geraghty, 14 January 2019

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