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Insurance
Bermuda-based Monument Re has acquired the full ownership of Aspecta Assurance International Luxembourg, a life insurance undertaking based in Luxembourg with branches in Germany, Italy and Spain, according to a Jan. 30 press release. 31 January 2018
Insurance
Bermuda-based Enstar Group, through its Lloyd’s managing agency StarStone Underwriting, has finalised a reinsurance-to-close transaction with AXIS Managing Agency for Novae's £840 million legacy business portfolio, according to a Jan. 29 press release. 29 January 2018
Insurance
The new international accounting standard for insurance contracts from 2021, IFRS 17, could temporarily increase the cost of capital for European insurers, Fitch Ratings said in a Jan. 26 note. 29 January 2018
Alternative Risk Transfer
The fourth quarter of 2017 saw considerable loss activity across all insurance-linked securities (ILS) investments with a preliminary estimate of $630 million in cat bond principal losses including hurricane, earthquake, and wildfire activity, according to a Willis Towers Watson Securities report. 29 January 2018
Alternative Risk Transfer
Risk management provider Artex has launched a new office in Singapore to oversee the growth and development of its Asia Pacific captive and risk solutions strategy. 29 January 2018
Insurance
QBE Business Insurance has appointed Maths Stanser as market manager for the Nordics to drive growth in the region. 29 January 2018
Insurance
Allianz Legal Protection (ALP) and JLT Specialty have created Omnium, a specialist after the event (ATE) insurance solution for insolvency practitioners (IP’s). 29 January 2018
Insurance
Traditional aviation insurance policies are unlikely to address all elements of emerging risks from the rapidly increasing use of drones and general liability underwriters will have an important role to play in providing cover, according to a new report from the International Underwriting Association (IUA). 29 January 2018
Insurance
Alesco Risk Management Services, a specialist insurance and risk management broker, has expanded its energy division with the appointment of two new partners. 29 January 2018
Insurance
The German branch of Mapfre Global Risks has poached an expert in engineering insurance from Allianz Global Corporate & Specialty. 25 January 2018
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