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Canopius and Sompo contemplating $1bn+ reinsurer
Japanese big three player Sompo Japan Nipponkoa Insurance and its newly acquired Lloyd's subsidiary Canopius are exploring the creation of a major separately capitalised reinsurance business, The Insurance Insider can reveal.
18 September 2014
Korean Re and Patria Re planning Lloyd’s sidecars
Korean Re and Mexican carrier Patria Re are both looking to establish special purpose syndicates (SPSs) at Lloyd's for 2015, The Insurance Insider has learned.
18 September 2014
Ironshore pondering Q1 IPO
Ironshore is contemplating taking a second run at a flotation in the first quarter of 2015, The Insurance Insider can reveal.
18 September 2014
Scottish independence vote ‘unlikely’ to hit gilts
Insurers' UK sovereign debt portfolios are unlikely suffer much volatility if the Scottish public votes for independence today (18 September), according to analysis from Towers Watson.
18 September 2014
Xchanging unveils heavyweight Netsett partners
Business processing firm Xchanging and partner Deutsche Bank have unveiled the key clients that have confirmed their participation in pilots of the Netsett platform
18 September 2014
Insurers to face extra sales tax costs after ECJ ruling
Insurers in Europe will be subject to extra value-added sales tax charges that could cost hundreds of millions of pounds, following a ruling from the European Court of Justice (ECJ) yesterday (17 September)
18 September 2014
AmTrust slapped with list of New York DFS requirements
The New York State Department of Financial Services (DFS) has instructed AmTrust to meet a number of requirements following the approval of affiliated entity ACP Re's takeover of Tower Group earlier this week.
18 September 2014
Reinsurers fail to show up for Monte Carlo ratings fight
Any minor hopes that reinsurers would come to the Monte Carlo Rendez-Vous with a determination to bring the soft market to an end have been disappointed, as the market chose resignation over confrontation.
17 September 2014
Colberg succeeds Pollock as Assurant CEO
US P&C insurer Assurant has named Alan Colberg as its new president and CEO, effective 1 January 2015, following the previously announced retirement of Robert Pollock.
17 September 2014
Allianz restructures US commercial P&C insurance unit
The commercial P&C portion of Allianz's US subsidiary Fireman's Fund is set to be folded into Allianz Global Corporate & Specialty (AGCS), as the company confirmed that it was also mulling strategic options for the personal lines side of the business
17 September 2014
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