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Global reinsurers improve underwriting performance in Q3
The Insurance Insider's composite of global reinsurers recorded better third quarter underwriting margins in their P&C reinsurance arms, despite the amplifying pressures on profitability in the current market environment
Iulia Ciutina
,
06 December 2016
News digest
Lloyd's to restructure operations; Bankers hired inScotiabank push; Krefta replaces Pinchin; United MGA investments barred; Fitch sector downgrade; Kaikoura loss forecasts; China carriers' $100bn expansion; Desmond loss estimate rises
06 December 2016
RSA £600mn legacy sale reaches final stages
The disposal of £600mn ($764mn) of RSA's legacy UK exposures has gone down to the wire, with parties now in the final stages of the bidding process, The Insurance Insider understands.
Adam McNestrie
,
06 December 2016
Pure to launch E&S MGU with XL paper
High net worth specialist The Pure Group (TPG) is set to launch a managing general underwriter (MGU) to write on the excess and surplus lines (E&S) paper of XL subsidiary Indian Harbor Insurance Company, The Insurance Insider revealed earlier this month.
David Bull
,
06 December 2016
QBE expands wholesale-only platform in US
QBE North America is expanding its new wholesale-only excess and surplus lines (E&S) platform, with distribution exclusively through intermediary giants AmWins, RT Specialty and CRC/Swett, The Insurance Insider understands.
David Bull
,
06 December 2016
Liberty and Ironshore get $3bn deal over the line
Liberty Mutual has agreed to buy 100 percent of Ironshore from Chinese conglomerate Fosun in a transaction which indicates that takeout multiples are holding up better than many expected.
Adam McNestrie
,
06 December 2016
Lancashire prepares to defend book against Blenheim
Lancashire is girding its loins for a 1 January battle to keep hold of the business written by Cathedral, after almost all of the senior staff at its Lloyd's subsidiary defected to start-up Blenheim.
Adam McNestrie
,
06 December 2016
Navigators Re adds US property cat with RLI book
Navigators has entered the US property cat excess of loss (XoL) reinsurance market by picking up the renewal rights on a book of business currently underwritten by fellow US specialty insurer RLI Corp, The Insurance Insider can reveal.
David Bull
,
06 December 2016
CPPIB completes Ascot acquisition
The Canada Pension Plan Investment Board (CPPIB)'s $1.1bn acquisition of Lloyd's carrier Ascot has completed, The Insurance Insider understands.
Adam McNestrie
,
06 December 2016
If I had my time again…
No matter how tumultuous the times in which we live, there is always one rock-solid constant upon which a fearful world can anchor itself - that the insurance industry is 15 years behind the times.
Mark Geoghegan
,
06 December 2016
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