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Final bids due in QBE’s $560mn legacy sale

Final bids are due this week in the sale of a $560mn book of QBE US legacy business that has been the source of reserve charges and poor performance for the group

Dan Ascher, 25 October 2016
Fairfield assembles team of more than 20 at Exin Re

Serial industry entrepreneur Matt Fairfield now has more than 20 staff working for him in Zurich as his start-up Exin Re gears up for an ambitious launch, with a view of hitting a five-year target of $500mn of annualised premiums

Adam McNestrie, 25 October 2016
CNA Hardy cyber head leaves for Axa

Scott Sayce, CNA Hardy's head of cyber, technology and life science, has left the firm to join Axa Corporate Solutions, The Insurance Insider understands.

Catrin Shi, 25 October 2016
Scales syndicate gets green light for 1 January

Peter Scales' start-up Blenheim Syndicate 5886 has been granted permission by Lloyd's to underwrite for the 2017 year of account

Adam McNestrie, 25 October 2016
Insider View: Scales and Nephila

At first glance it may seem a somewhat unlikely alliance. The old London market traders and the Bermudian ILS fund. Something just about as traditional as you can get, paired with the non-traditional

Adam McNestrie, 25 October 2016
Nephila the cornerstone backer for £150mn Blenheim

Nephila has struck a deal with Peter Scales' Lloyd's start-up Blenheim that will see it become the core capital backer for the new syndicate, The Insurance Insider has learned

Adam McNestrie, 25 October 2016
Plumb joins Cobalt as active underwriter

Anne Plumb, head of international open market property at Novae, has resigned to become the active underwriter for Cobalt's recently approved Syndicate 1438, The Insurance Insider understands.

Adam McNestrie, 25 October 2016
Berger predicts further M&A

Insurance carriers must grow just to stand still, Third Point Re chairman and CEO John Berger warned as he predicted further consolidation in the (re)insurance sector

David Bull, 25 October 2016
Rhode Island rules expected to ignite US run-off M&A

Newly enacted amendments to Insurance Regulation 68 in the state of Rhode Island could transform the US run-off market into a hotbed for M&A activity, according to a new report.

Dan Ascher, 25 October 2016
The first time they’ve seen snow

It's going to be a long winter in the global insurance village

Mark Geoghegan, 25 October 2016

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