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R&Q completes Maryland novation

Randall & Quilter (R&Q) has completed the novation of liabilities from Maryland Motor Truck Association Workers' Compensation Self Insurance Group to its US unit Accredited Surety and Casualty.

Catrin Shi, 24 November 2016
Late Otto set for Cat 1 landfall

Otto is on course to make landfall tomorrow in either Costa Rica or Nicaragua as a Category 1 hurricane, according to cat modeller AIR Worldwide.

David Bull, 24 November 2016
Lots sought as Insurance Race Day targets £100,000

Fundraising efforts have begun in earnest to raise more than £100,000 ($125,000) in charity funds as the UK market prepares for its third Insurance Industry Race Day (IIRD) at Sandown Park Racecourse on 2 December

23 November 2016
UK government publishes draft ILS regulations

The UK government today published draft regulations for a new regulatory and tax framework for insurance-linked securities (ILS), the final version of which will be brought before parliament in spring 2017.

Catrin Shi, 23 November 2016
Munich Re mulls Iran entry

Munich Re is considering providing its services to Iran following the lifting of sanctions at the beginning of the year, Iranian media outlet Press TV reported

Catrin Shi, 23 November 2016
Generali to exit between 13 and 15 markets

Global insurer Generali will sell out of between 13 and 15 markets in which it operates in order to generate EUR1bn ($1.1bn) in cash by 2018

Charlie Thomas, 23 November 2016
Generali to sell off EUR1bn of assets

Generali will leave less profitable markets via disposals in a bid to generate at least EUR1bn ($1.1bn) in cash by 2018, the firm said ahead of its investor day event this morning

Charlie Thomas, 23 November 2016
Sompo Canopius CEO Davies leaves

Sompo Canopius group CEO Stuart Davies is to step down with immediate effect, the firm announced this morning.

Catrin Shi, 23 November 2016
Agents ask Trump to dump the Federal Insurance Office

President-elect Donald Trump may be a saviour in the eyes of American insurance agents, assuming their Washington lobbyists can convince him to close the US Treasury’s Federal Insurance Office (FIO).

Ted Bunker, 23 November 2016
Nine Merchants Re confirms launch under Warwick and Ye

Nine Merchants Re, the $500mn start-up led by former Aon Benfield Greater China CEO Steve Warwick, has confirmed it is applying for authorisation to launch a reinsurance business in Hong Kong.

Charlie Thomas, 22 November 2016

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