Articles

Insurance

Ex-DARAG CEO unveils new carrier backed by Munich Re

Former DARAG CEO and current SOVAG chairman Arndt Gossmann has revealed plans to create a new risk carrier focusing on portfolio restructuring of non-life insurers in Europe with Munich Re as its reinsurance partner.   19 October 2018

Insurance

AIG expects up to $1.7bn cat loss for Q3

American International Group (AIG) expects to report third quarter 2018 pre-tax catastrophe losses, net of reinsurance, of approximately $1.5 to $1.7 billion.   19 October 2018

Insurance

Aon forms new ventures group, appoints CIO and leadership team

Broker Aon has established a new ventures group as part of its growth strategy and assigned members of its senior leadership team to oversee it.   19 October 2018

Insurance

New Nordic’s Danish subsidiary Qudos suspends underwriting amid restructuring

Asset manager New Nordic Advisors has revealed that its Denmark-based wholly-owned subsidiary Qudos Insurance will cease to underwrite new business with immediate effect, pending a restructuring of the business.   19 October 2018

Insurance

Insurtech OnRisk partners with MGA startup on P&C structuring platform

London-based managing general agent (MGA) startup Agile Risk Partners and US-based insurtech OnRisk are collaborating to develop an advanced, CAD-style platform for underwriting, structuring and distributing high-value P&C risk.   19 October 2018

Insurance

Everest Re expects $240m Q3 cat loss

Bermuda-based Everest Re Group estimates pre-tax catastrophe losses for the third quarter of 2018 of $240 million, net of reinsurance.   19 October 2018

Insurance

Everest appoints risk management, commercial casualty leader

Everest Insurance has appointed Chris McKeon to lead its risk management and commercial casualty business units.   18 October 2018

Alternative Risk Transfer

M&A: The perils of a shotgun wedding

The risk transfer landscape is being transformed by consolidation and the idea that bigger and more diversity is better—particularly if access to alternative capital is involved. But, just like in real life, some recent marriages—especially those rushed into for the wrong reasons—may well end in divorce. Intelligent Insurer reports.   18 October 2018

Insurance

Enstar appoints former Validus exec as new StarStone CEO

Global specialty insurer StarStone Group has appointed John Hendrickson as its new group chief executive officer.   17 October 2018

Insurance

Maiden sells US casualty fac business to Sompo

Bermuda-based Maiden Holdings as agreed to sell its US facultative business including its team of specialists to Japan-based Sompo Group.   10 October 2018

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