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  • Pro Global Insurance Solutions (Pro) posted operating profits of £0.9mn for 2015, recovering from an operating loss of £1.3mn the previous year, the industry outsourcer and consultancy announced today (4 April)
  • Almost 70 percent of the London (re)insurance market believes a UK exit from the European Union would be bad for business, according to a survey from Haggie Partners.
  • UK floods minister Rory Stewart has called Flood Re a "fantastic step forward" as the government-backed flood reinsurance pool launches nationwide today (4 April)
  • BB&T has completed its acquisition of Swett & Crawford for $500mn in cash in a move it expects to add more than $200mn in annual revenue.
  • Nephila Capital has undertaken a second take-out of policies from Florida Citizens through its relationship with fronting carrier State National.
  • Enstar has completed its deal to reinsure the portfolios of Allianz Re's US legacy business, assuming $1.1bn of reserves in the process, the run-off specialist announced this week (31 March)
  • Aviva, Hiscox and Direct Line are among the 16 insurers backed by state-supported flood reinsurer Flood Re, it was announced today (1 April)
  • US insurer Midwestern Dependable has become the latest cedant to tap the capital markets with a catastrophe bond, The Insurance Insider understands
  • Gable Holdings has said it will make a pre-tax loss of between £7mn and £8mn ($10mn to $11.5mn) for the full-year 2015, following a £7.5mn reserving provision and losses from the winter storms in the UK and Europe
  • Swiss Re has struck a deal to write a coinsurance agreement covering a block of life insurance policies held by Citigroup subsidiary Primerica Life Insurance Company