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White set to be next Liiba chairman

Marsh broker Roy White is set to become the next chairman of the London & International Insurance Brokers' Association, the trade body's CEO has said.

19 March 2018
QBE in $255mn Hong Kong workers' comp disposal

QBE has approached the legacy market as it seeks to shed its troubled Hong Kong workers' compensation book, which holds an estimated HK$2bn ($255mn) in reserves, The Insurance Insider has learned.

Adam McNestrie, 19 March 2018
JLT Re hires Aon Benfield Asia CEO as Asia treaty head

JLT Re has appointed Vinod Krishnan as CEO of its Asia treaty business.

Rachel Dalton, 19 March 2018
Former FIO director McRaith hired by Blackstone

Michael McRaith, the first-ever director of the Treasury Department’s insurance office, will join a new unit Blackstone has formed to advise insurers on asset management, the New York private equity firm said today.

Laura Sanicola, 19 March 2018
Atradius 2017 profits fall by 12.1%

Trade credit insurer Atradius has reported profits after tax of EUR186.2mn ($229.6mn) for 2017, down by 12.1 percent on the previous year.

19 March 2018
Arch agrees to $400mn legacy deal with Catalina

Arch Capital has struck a legacy deal with Catalina that calls for it to transfer around $400mn of reserves to the run-off specialist, The Insurance Insider can reveal.

Adam McNestrie, 19 March 2018
Everest to invest in Hudson Structured InsurTech fund

Everest Re and ILS manager Hudson Structured Capital Management (HSCM) have agreed a strategic relationship that will see the reinsurer act as anchor investor in a new insurance technology fund that HSCM is launching early this year.

Laura Board, 19 March 2018
P&C hit by $23.5bn underwriting loss in 2017: AM Best

Preliminary results reveal the US property and casualty sector reported a net underwriting loss of $23.5bn for catastrophe-afflicted 2017, according to AM Best.

Laura Sanicola, 19 March 2018
Access failed in scramble to add capital: SC regulator

Access Insurance tried to avoid liquidation by finding additional capital but failed, the South Carolina insurance regulator has confirmed

Ted Bunker, 19 March 2018
AIG moots debt issuance for Validus deal

AIG is considering issuing new debt to pay towards the $5.56bn cost of acquiring Bermudian Validus, Securities and Exchange Commission (SEC) filings have shown.

Charlie Thomas, 19 March 2018

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