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Axis-Novae continues tide of consolidation
Axis' proposed £468mn ($603mn) acquisition of Novae is just the latest example of the ineluctable drive towards consolidation in the sector, as the smaller publicly traded carriers are picked off by their larger rivals.
Adam McNestrie
,
11 July 2017
Opinion: Insurance aid
The UK government announced plans to spend £30mn ($39mn) on a London Centre for Global Disaster Protection over the weekend, in an initiative that will help developing countries to be better prepared to face natural disasters.
Fiona Robertson
,
11 July 2017
Graft buster tipped to take over at CIRC: Reuters
A Chinese official with a leading role in China's campaign against corruption is reportedly the front runner to head the country's insurance regulator.
Bernard Goyder
,
11 July 2017
Higher risk US auto claims rise: AM Best
US auto losses are mounting in the higher premium non-standard market amid escalating repair and medical costs, AM Best said in a report today.
Bernard Goyder
,
11 July 2017
News digest
Zaffino bonus; Posgate dies; Brokers probed; Willis Re CEO; Zurich hires; IRB Brasil IPO; DfID cat cover; Hurricanes forecast; Aegis' power outage push; Equine MGA.
Bernard Goyder
,
11 July 2017
Kingstone sees near 14% rate cut in reinsurance treaty
Multi-line property and casualty insurer Kingstone secured a nearly 14 percent rate reduction while raising its reinsurance cover almost 28 percent for the treaty year that began July 1, the company said today.
Ted Bunker
,
11 July 2017
Assurant places $1.36bn property cat reinsurance cover
Specialty carrier Assurant has sealed a $1.36bn property cat reinsurance programme with a 5 percent year-on-year reduction in premiums to about $125.6mn.
Matthew Neill
,
11 July 2017
Stonybrook Capital names inaugural board of directors
Insurance industry investment bank Stonybrook Capital has set up a board, tapping industry veteran Ian Winchester and Holborn COO John DiGregoria as independent directors along with three insiders for the new governing panel.
Ted Bunker
,
11 July 2017
Marsh taps Durvasula from AmEx as new digital lead
Marsh has hired Sastry Durvasula from American Express naming him chief digital officer and chief data and analytics officer, a newly created position.
Matthew Neill
,
11 July 2017
New Paradigm offers X-gRm placement through TigerRisk
TigerRisk is acting as intermediary for parametric electronic (re)insurance placements on Xchanging’s X-gRm platform for catastrophe and windstorm software-based carrier New Paradigm Underwriters.
Matthew Neill
,
11 July 2017
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