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Rims backs US-EU ‘covered agreement’ for reinsurers

Global risk management trade body Rims has thrown its support behind the US-EU "covered agreement" aimed at harmonising transatlantic insurance regulation, saying it will "improve affordability and availability of reinsurance".

Matthew Neill, 17 May 2017
Lloyd’s carriers agree $89mn Sewol settlement: report

Lloyd's carriers have settled a dispute with Korean Re over 100bn won ($89mn) of stalled compensation payments related to the Sewol ferry sinking in 2014, according to a report.

Matthew Neill, 17 May 2017
Lloyd’s embarks on redundancy drive

The Corporation of Lloyd's wrote to all of its 1,100 staff yesterday to invite them to register their interest in voluntary redundancy, The Insurance Insider can reveal

Adam McNestrie, 17 May 2017
Nichols resurfaces as Baldwin & Lyons director

The majority of Names-backed Lloyd's syndicates look set to report a profit for the 2015 year of account (YoA), with the group generating a simple average midpoint return on capacity of 5.7 percent.

Matthew Neill, 17 May 2017
Nichols resurfaces as Baldwin & Lyons director

Recently departed Axis Re CEO Jay Nichols has been appointed to the board of Indiana-based P&C holding company Baldwin & Lyons.

Matthew Neill, 17 May 2017
InsurTech start-ups lack disruptive ideas: Oliver Wyman

Pressure from investors for top line improvements amid a more challenging financing environment has impeded InsurTech start-ups' ability to affect revolutionary change, according to Oliver Wyman.

Matthew Neill, 17 May 2017
Chubb lands ex-FSA chief Turner as European chairman

Chubb has recruited former Financial Services Authority (FSA) executive chairman Adair Turner as non-executive chairman of its European and Lloyd's businesses in a coup for the insurance giant.

Bernard Goyder, 17 May 2017
Opinion: WannaCry for ILS

The WannaCry ransomware attack has highlighted just how vulnerable today's world is to technological breakdown, as hospitals in the UK were forced to turn away patients while their IT systems were held hostage

Fiona Robertson, 17 May 2017
KKR closes $4.3bn USI acquisition

Private equity firm KKR and Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ) have closed a $4.3bn deal to buy insurance broker USI from shareholders that include Onex and USI employees

Bernard Goyder, 17 May 2017
Kinsale’s initial backer Moelis cashes out

Investment bank and fund manager Moelis is cashing out its remaining stake in Kinsale Capital through a secondary offering in which it is selling over 4.3 million shares at $33 each, according to the insurer.

Ted Bunker, 17 May 2017

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