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Nexus CIFS builds out underwriting team

Nexus CIFS, the specialist trade credit insurance subsidiary of managing general agent Nexus Underwriting Management Group, has expanded its underwriting team, it announced today (10 September).

Catrin Shi, 10 September 2015
Folgate returns to active underwriting after 13 years

APC Underwriting-owned Folgate Insurance Company has returned to active underwriting with £30mn of capacity, it announced today (10 September)

Catrin Shi, 10 September 2015
Darag appoints CEO of new Maltese platform

German legacy carrier Darag has announced a series of senior appointments after launching its new platform in Malta.

Dan Ascher, 10 September 2015
Guy Carp partners with Vario to launch non-cat ILS manager

Guy Carpenter and advisory firm Vario Partners are planning to launch a new joint venture, Vario Global Capital, which they hope will become the leading insurance-linked securities (ILS) manager for non-catastrophe risk.

Fiona Robertson, 10 September 2015
Gable’s H1 hit by adverse claims development

Gable Holdings fell to a pre-tax loss of £2.4mn in the first half of 2015, after adverse claims development offset a 33 percent increase in its top line

Catrin Shi, 10 September 2015
Catco Investment Management to sell assets to Markel

The backers of retro ILS fund Catco Investment Management have agreed to sell "substantially all" of the company to Markel, the companies announced today (10 September).

Fiona Robertson, 10 September 2015
Lloyd’s profits fall in H1

Lloyd's has reported a 28 percent fall in its profits for the first half of the year, generating a pre-tax result of £1.19bn ($1.78bn), compared with £1.65bn in the first six months of 2014.

Charlie Thomas, 10 September 2015
Axis reboots casualty-focused hedge fund re project

Axis has rebooted its proposed hedge fund reinsurer project with alternative investment giant Blackstone and is pushing hard to get the vehicle launched in time for the key 1 January renewals.

David Bull, 10 September 2015
Everest Re gets green light for Lloyd’s start-up

Everest Re has received in-principle approval from the Franchise Board to found Lloyd's Syndicate 2786, the company has said.

Adam McNestrie, 10 September 2015
Berkshire Hathaway lookalikes could cause pricing volatility: Moody’s

The emergence of more Berkshire Hathaway-style businesses in the reinsurance market could have an adverse impact on pricing, according to Moody's vice president and senior credit officer James Eck

Catrin Shi, 09 September 2015

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