Articles

Insurance

TransRe sees steady growth but posts underwriting loss in Q3

Reinsurer TransRe, which is owned by Alleghany Corporation, enjoyed some growth in the third quarter of 2018 but made an underwriting loss as a result of exposure to various catastrophes in the third quarter.   2 November 2018

Insurance

Alleghany enjoys strong growth but outside insurance sector

Alleghany Corporation, which owns reinsurer TransRe and insurers RSUI and CapSpecialty, enjoyed strong growth in the third quarter of 2018 – but this was mainly driven by non-insurance related revenues. Its profits were also hit by exposure to losses from natural catastrophes.   2 November 2018

Insurance

S&P puts RenRe’s ratings on outlook negative post TMR deal

S&P Global Ratings has revised its outlook on Bermuda-based RenaissanceRe Holdings and its operating subsidiaries to negative from stable following its acquisition of Tokio Marine Holdings' reinsurance platform for $1.5 billion.   2 November 2018

Insurance

Arch buys US risk management firm McNeil

Bermuda-based Arch Capital Group is to acquire McNeil, a New York-based provider of specialized risk management and insurance programmes.   2 November 2018

Insurance

Davies acquires regulatory and compliance platform Veriphy

Insurance service provider Davies Group has acquired Veriphy, a specialist KYC (know your customer) and AML (anti money laundering) compliance solutions SaaS (software as a service) business.   2 November 2018

Insurance

Admiral Group founder backs US insurtech Compare.com as it raises $35m

US-based insurtech Compare.com, an online car insurance comparison platform, has raised $35 million to help fuel its expansion and brand development.   2 November 2018

Insurance

MGA Pukka Insure launches private car offering backed by QIC Europe

Gibraltar based MGA, Pukka Insure has launched a new private car offering backed by QIC Europe.   2 November 2018

Insurance

Ardonagh sells UK commercial MGA business to Arch for £31m

After selling the claims business of Direct Group for £36 million earlier this month, UK intermediary Ardonagh Group has revealed that it is selling its commercial managing general agency (MGA) businesses to Arch UK Holdings for up to £31 million.   1 November 2018

Insurance

Cat risk and protectionism

Various markets such as Indonesia and India have a level of insurance sector protectionism, and more needs to be done to remove barriers to entry in order to reduce the insurance gap in Asia, says Philip Chung of S&P Global Ratings.   31 October 2018

Insurance

Delivering on the M&A wave

There has been an uptick in mergers and acquisitions (M&A) in re/insurance, with large deals such as AIG-Validus and AXA-XL making recent headlines.   30 October 2018

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