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Haushofer succeeds Flandrin as SRA chairman

Validus Re's Asia Pacific head Marc Haushofer is to become chairman of the Singapore Reinsurers' Association (SRA)

Laura Board, 05 December 2016
United barred from MGA investments by AmCo deal

United Insurance Holdings (UIHC) will be prohibited from investing or acquiring managing general agencies (MGAs) for the next five years after signing a restrictive covenant as part of its deal to purchase American Coastal

Fiona Robertson, 05 December 2016
Helios acquires Lloyd’s LLV

AIM-listed carrier Helios Underwriting has acquired Lloyd's limited liability vehicle (LLV) Salviscount Limited Liability Partnership for £800,000 ($1.02mn) in cash.

Matthew Neill, 05 December 2016
Prudential looking at annuity disposal: reports

The prospect of a breakup of Prudential resurfaced today with a report that the UK insurer is contemplating selling its £45bn ($57bn) closed UK annuity book.

Laura Board, 05 December 2016
ArgoGlobal hires hull class underwriter

Argo's Lloyd's arm ArgoGlobal has appointed Michael Thompson as hull class underwriter, effective immediately

Catrin Shi, 05 December 2016
Veteran bankers brought in for Scotiabank push

Former JP Morgan co-head of insurance investment banking Marty Dolan and senior Deutsche Bank dealmaker Mark Goldstein have joined Scotiabank to spearhead a push into financial institutions advisory services, The Insurance Insider has learned.

Adam McNestrie, 02 December 2016
Chinese insurers set for $100bn overseas expansion

Chinese insurers look set to remain in the vanguard of outbound deal-making and will invest an estimated $100bn overseas in the next three years, according to BNP Paribas.

Laura Board, 02 December 2016
Perils raises Storm Desmond estimate

Loss compilation agency Perils has lifted its final property market insured loss estimate for UK storm Desmond to £604mn ($759mn).

Catrin Shi, 02 December 2016
Third Point investments stay negative in November

Third Point Re investment manager Third Point LLC reported a negative investment return of 1.1 percent in November, in its second consecutive month of negative results

Catrin Shi, 02 December 2016
Australian hailstorm losses reach $143mn

Insured losses from the hailstorms that struck the region of Mildura, Australia, on 11 November have risen to A$192.6mn ($142.5mn), according to the Insurance Council of Australia (ICA)

Catrin Shi, 02 December 2016

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