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UK Treasury sets December date for new conduct rules
Insurers have until 10 December to prepare for a new governance and conduct regime which brings the sector in line with rules for top bankers and asset managers.
Bernard Goyder
,
29 January 2018
McNamee to set up InsurTech MGA
Jacqueline McNamee, the former UK managing director of AIG, is preparing to launch a commercial lines MGA.
Bernard Goyder
,
29 January 2018
Axis confirms Novae RITC deal
Axis today confirmed it had entered into an agreement with Enstar to reinsure-to-close (RITC) the 2015 and prior years of account for Novae Syndicate 2007.
Catrin Shi
,
29 January 2018
Non-life ILS capital hits $88bn in 2017: WTW
Insurance-linked securities (ILS) capital outside the life sector increased by 17 percent last year, according to Willis Towers Watson (WTW) Securities' first-quarter issuance report.
Fiona Robertson
,
29 January 2018
Zurich UK pegs its average gender pay gap at 27%
Women earn on average 27 percent less than men within Zurich's UK operation, the insurer said as it released its gender pay gap figures.
Laura Board
,
29 January 2018
California cites ‘proximate cause’ on mudslide claims
Property and casualty insurers in California must treat mudslides occurring in areas burned by recent wildfires as a covered peril for homeowners if a fire is judged to be a “proximate cause” of the subsequent slides, the Golden State’s insurance regulator said today.
Ted Bunker
,
29 January 2018
US MGA Paragon gets Epic-Oak Hill backing
Expansive US MGA Paragon Insurance Holdings has secured backing for further growth with an investment from retail broker Edgewood Partners Insurance Center (Epic) and its private equity backer Oak Hill Capital Partners.
David Bull
,
29 January 2018
Ryan Specialty’s MGU for Latin America opens in Miami
Ryan Specialty Group has opened the doors at its first Latin America-focused managing general underwriter, Capital Bay Underwriting, in Miami.
Ted Bunker
,
29 January 2018
Probitas 1492 sets up shop in Mexico
Probitas 1492 has opened an office in Mexico City, becoming the first syndicate to join Lloyd's Mexican representative office.
John Hewitt Jones
,
29 January 2018
Fairfax completes $1.6bn First Capital sale
Mitsui Sumitomo Insurance (MSI)'s $1.6bn acquisition of Singapore-based First Capital from Fairfax Financial has closed.
John Hewitt Jones
,
28 January 2018
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