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Final RSA LatAm sale closes
The sale of RSA's Uruguayan arm to Suramericana has closed to complete the Colombian insurer's acquisition of RSA's Latin American operations
01 July 2016
Zurich UK GI head Sharma leaves
Vibhu Sharma has resigned from his position as head of Zurich's UK general insurance (GI) business, the company announced today (1 July).
01 July 2016
Kumamoto quake losses surpass modelling estimates
Claims from the earthquake that struck Japan's Kumamoto prefecture in April edged up 3.6 percent in the last week to hit 329bn yen ($3.2bn), according to the General Insurance Association of Japan
01 July 2016
PartnerRe revamps business structure
PartnerRe has restructured its business into three worldwide segments, effective 1 July, it announced yesterday (30 June).
01 July 2016
Willis Re: Market could ‘bump along the bottom’ for years
Although rate softening slowed at the mid-year renewals, abundant capacity and an absence of cats could see the reinsurance market bump along the bottom of the cycle for years, according to Willis Re.
01 July 2016
Freddie Mac mortgage (re)insurance transfer hits $5bn
A trio of new (re)insurance policies structured and placed by Aon Risk Solutions and Aon Benfield have taken total credit risk transfer by US mortgage guarantor Freddie Mac to $5bn.
David Bull
,
01 July 2016
RLI offers new excess cyber cover
US specialty insurer RLI has launched a new cyber liability cover through its executive products group.
01 July 2016
Admiral promotes Zeitman to president
E&S writer Admiral Insurance has named Scott Barraclough as its new president, with his predecessor, Steven Zeitman, moving into the chairman position.
01 July 2016
The Hanover launches Bermuda E&S vehicle
The Hanover's new Bermuda subsidiary has been assigned an A rating by AM Best as the US insurer uses the vehicle to support its expansion in the E&S space.
01 July 2016
Russia creates state reinsurer amid competition concerns
The Russian parliament has passed legislation that will allow the creation of a state reinsurer, which will be known as National Reinsurance Company (NRC)
30 June 2016
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