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Insurance
Syndicate 1975 receives Lloyd’s approval for January, hires from Chubb
Coverys Syndicate 1975 has received approval from Lloyd’s to begin underwriting business with effect from Jan. 1, 2018.   19 December 2017
Alternative Risk Transfer
RGA reinsures £900m LV= annuity business block
Reinsurance Group of America (RGA) has completed an asset and longevity risk transaction with Liverpool Victoria Friendly Society (LV=) where it will reinsure approximately £900 million in individual annuity business.   19 December 2017
Alternative Risk Transfer
Willis places €90m of windstorm ILS for Covea
Willis Towers Watson Securities, the investment banking business of Willis Towers Watson, has structured and placed €90 million of insurance-linked securities (ILS) for French domestic P&C insurance group Covea Mutual Insurance Group.   19 December 2017
Insurance
Aspen reveals crop reinsurance deal
Bermuda-based Aspen Insurance has entered a strategic partnership with CGB Diversified Services (CGB DS) where Aspen will be acquiring a 23.2 percent stake in a newly formed company, Crop Re Services.   19 December 2017
Insurance
Arthur J Gallagher and Alliant settle $900,000 poaching dispute
Broker Arthur J Gallagher and Alliant have settled a dispute over Gallagher employees hired by intermediary services provider Alliant.   19 December 2017
Insurance
Generali sells UK non-life portfolio
Italy’s Generali is selling a non-life run-off portfolio of its UK branch to Compre Group, a discontinued business specialists in the insurance industry.   19 December 2017
Insurance
Global reinsurers face ‘considerable uncertainty’ in 2018: AM Best
Rating agency AM Best is holding its 2018 outlook for the global reinsurance sector at negative, citing the considerable uncertainty surrounding the level and sustainability of any market improvement.   19 December 2017
Insurance
Australia government drops state reinsurer plans
The Insurance Council of Australia (ICA) has welcomed government plans to drop the creation of a state-backed reinsurer.   19 December 2017
Insurance
Chubb appoints new head of international property
Property/casualty insurer Chubb has appointed Brian Church as executive vice president and head of international property for its overseas general business.   19 December 2017
Insurance
Founder of PIB and EC3 Brokers joins Endeavour as non-exec chair
Lloyd's broker Endeavour Insurance Services has appointed the founder of PIB and EC3 Brokers Chris Giles as non-executive chairman.   19 December 2017

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