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PPL verdict expected in New Year
The Placing Platform Limited (PPL) board expects to recommend a winning service provider to its constituent boards in the New Year, according to an update from the London Market Group (LMG)
19 December 2014
Large claims generate Skuld underwriting loss
Mutual Norwegian marine insurer Skuld today (19 December) reported an underwriting loss of $6.5mn in the nine months to 20 November 2014, due to a series of large claims
Jenny Messenger
,
19 December 2014
RSA sells minority holding in Thailand insurer
RSA has sold its 21.75 percent holding in Thailand insurer Syn Mun Kong, the company announced today (19 December)
Jenny Messenger
,
19 December 2014
Barbican’s Credit Suisse deal to augment risk-free income
Barbican group CEO David Reeves said the Lloyd's insurer is "very keen" on developing corporate partnerships as it received approval to launch special purpose syndicate (SPS) 6120 with Credit Suisse's insurance-linked securities (ILS) team
Fiona Robertson
,
19 December 2014
Talanx in EUR180mn Chile move
German insurance group Talanx will become a top five non-life Chilean insurer if it completes a deal announced today (19 December) to acquire Inversiones Magallanes
Peter Hastie
,
19 December 2014
Third Point Re to run-off cat fund
Third Point Re is winding down its catastrophe fund and investing in strategic partner Hiscox Bermuda's Kiskadee funds instead.
David Bull
,
19 December 2014
Integro buys entertainment specialist Ventura
Expansive broker and risk manager Integro has completed its second acquisition of the week with a deal to buy entertainment specialist Ventura Insurance Brokerage on undisclosed terms.
David Bull
,
19 December 2014
Farmers Mutual of Iowa to buy John Deere crop business
Deere & Company has agreed a deal to sell its crop insurance business to Farmers Mutual Hail Insurance Company of Iowa.
David Bull
,
18 December 2014
Aegis stops writing aviation war as ‘model is broken’
Aegis London's Syndicate 1225 has withdrawn from the aviation war market after rates failed to harden sufficiently despite the sector posting a loss ratio in excess of 1,000 percent in 2014.
Karina Whalley
,
18 December 2014
Industry responds to impending Tria expiry
The insurance industry has responded with dismay to the US Senate's failure to reauthorise the Terrorism Risk Insurance Act (Tria) before its expiry date on 31 December 2014
Jenny Messenger
,
18 December 2014
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