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Pro returns to profit in 2015
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)
Matthew Neill
,
04 April 2016
Brexit would damage Lloyd’s: market survey
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.
Catrin Shi
,
04 April 2016
Flood Re launches
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)
Catrin Shi
,
04 April 2016
BB&T completes Swett & Crawford acquisition
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.
David Bull
,
02 April 2016
Nephila approved for second Citizens take-out
Nephila Capital has undertaken a second take-out of policies from Florida Citizens through its relationship with fronting carrier State National.
David Bull
,
02 April 2016
Enstar and Allianz close $1.1bn US legacy deal
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)
01 April 2016
Flood Re lists named insurers
Aviva, Hiscox and Direct Line are among the 16 insurers backed by state-supported flood reinsurer Flood Re, it was announced today (1 April)
Catrin Shi
,
01 April 2016
Fresh $150mn cat bond brought to market
US insurer Midwestern Dependable has become the latest cedant to tap the capital markets with a catastrophe bond, The Insurance Insider understands
01 April 2016
Gable warns of 2015 loss
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
Catrin Shi
,
01 April 2016
Swiss Re wins coinsurance agreement
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
Catrin Shi
,
01 April 2016
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