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Hannover Re strikes deal to acquire Argenta

Hannover Re has signed a deal to acquire Lloyd's managing agent Argenta following a protracted sales process, according to statements from the companies today.

Adam McNestrie, 20 March 2017
Travelers puts Ogden reserves hit at $62mn

Travelers is to set aside additional reserves of $62mn before tax in the first quarter of 2017 following the change to the UK discount rate for personal injury compensation.

Bernard Goyder, 20 March 2017
CII warns of fracking claims confusion

Fracking could create the next "ash-cloud" scenario for insurers, with widespread confusion around the liability for fracking-related claims, the Chartered Insurance Institute (CII) has warned.

Laura Board, 20 March 2017
XL Catlin names global CUO for property

XL Catlin has promoted Tim McMahon to global chief underwriting officer for property, the carrier said today.

Bernard Goyder, 20 March 2017
El Niño impact on thunderstorms to improve forecasting

New studies on the impact of the El Niño-Southern Oscillation (ENSO) weather phase on thunderstorm frequency will allow for better regional forecasting of storm activity, according to Willis Re.

Fiona Robertson, 20 March 2017
XL Catlin joins Startupbootcamp scheme

XL Catlin has signed up to technology accelerator Startupbootcamp's InsurTech programme, as the Bermudian joins a growing list of insurers participating in the scheme.

Bernard Goyder, 20 March 2017
Opinion: Hancock’s millions

Five million dollars. Regardless of how long the assignment lasts. With no performance criteria attached. In addition to his normal salary. And on top of other bonus payments - which it seems will still be forthcoming.

Adam McNestrie, 20 March 2017
Talanx 2016 profit hits record despite Q4 dip

Fourth-quarter operating profit at Talanx fell 3.9 percent to EUR649mn ($696.8mn), as a deterioration in the life insurance segment of the business offset improvements in the P&C operations.

Catrin Shi, 20 March 2017
Zenk renews almost flat as $2bn of limit added

The world's biggest catastrophe cedant, Zenkyoren, is poised to renew its programme with pricing only a fraction lower than last year, as rates were held up by its need to secure an additional 200bn yen of capacity ($1.8bn), The Insurance Insider can reveal.

Adam McNestrie, 20 March 2017
Hancock denied bonus but gets $5mn for AIG transition

AIG will not pay its outgoing CEO Peter Hancock a cash bonus for last year after the insurance giant was forced to swallow a number of significant reserve charges, but he will be paid $5mn for staying on during a transition period.

Dan Ascher, 18 March 2017

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