Articles

Insurance

AJG’s Alesco feared ‘planned attack’ of poaching by Ross’ Ardonagh

The departure of four people from an Arthur J Gallagher team to join the Ardonagh group was viewed as a “planned attack”, according to John Thompson, a managing partner at Alesco, as he gave evidence in the poaching case brought by AJG.   25 March 2019

Insurance

EU regulator approves Marsh-JLT merger; date set for final completion

The European Commission has approved Marsh & McLennan Companies' (MMC's) acquisition of re/insurance broker Jardine Lloyd Thompson Group (JLT), conditional on the divestment of JLT's global aerospace practice.   25 March 2019

Insurance

Willis Re hires Brit's former head of claims Steve Robson in London

Willis Re, the reinsurance division of broker Willis Towers Watson, has hired Steve Robson as head of London market reinsurance claims.   25 March 2019

Insurance

RenRe closes $1.5bn Tokio Millennium Re acquisition; AM Best removes reinsurer from 'under review'

Bermuda-based RenaissanceRe Holdings (RenRe) has completed the acquisition of Tokio Millennium Re (TMR) following the receipt of all necessary regulatory approvals.   25 March 2019

Insurance

Chubb appoints accident & health division head in Singapore

Insurer Chubb has appointed Serene Neo as division head of accident & health (A&H) for Singapore. She will report to Scott Simpson, Chubb's country president for Singapore.   25 March 2019

Insurance

Florida ‘still cash cow’ for insurers, say KBW analysts after Guy Carpenter Summit

Analysts from Keefe, Bruyette & Woods (KBW) said “Florida is still a cash cow for reinsurers”, with demand looking “flat to up”, while “supply looks flat”, following Guy Carpenter's (GC) 2019 Florida Summit.   21 March 2019

Alternative Risk Transfer

Markel: ILS represents ‘strategic pillar’ despite CATCo challenges

Markel said it is “incredibly optimistic” about the future of its insurance linked securities (ILS) business despite ongoing investigations into recorded loss reserves at CATCo and its subsidiaries.   19 March 2019

Insurance

PE-backed insurer Palomar files for IPO on the Nasdaq

Fast-growing US specialty insurer Palomar Holdings has filed for an initial public offering (IPO) on the Nasdaq stock exchange. It is looking to raise $50 million from the deal.   18 March 2019

Insurance

London insurance market warned 'turbo charge contingency plans' after Brexit delay vote

Last night the UK Parliament voted in favour of requesting an extension to Article 50 and consequently a delay to Brexit beyond the 29 March deadline.   15 March 2019

Insurance

Marsh prices €1.1bn senior notes to fund JLT deal

Marsh & McLennan Companies is issuing €1.1 Billion senior notes to help fund its acquisition of re/insurance broker Jardine Lloyd Thompson Group (JLT).   15 March 2019

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