Articles
Insurance
Bermuda-based Sirius International Insurance Group plans to merge with special purpose acquisition firm Easterly Acquisition in a deal which will result in Sirius becoming a publicly listed company. 25 June 2018
Insurance
Cooler waters and a weak El Niño could result in an average 2018 Atlantic hurricane season, according to a new report by rating agency Moody’s. 18 June 2018
News
Bermuda-based PartnerRe’s balance sheet strength and risk-adjusted capitalisation are said to be at the strongest level, according to rating agency AM Best. 18 June 2018
Insurance
Rating agency AM Best has placed under review with negative implications the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Mapfre Insurance Company of New York. 18 June 2018
News
The Greek economy has been in recession since 2010 and has the lowest level of insurance penetration in the EU. Nevertheless, there are pockets of growth and optimism, says Gerry Tighe, head of treaty at reinsurance broker MATRIX. 12 June 2018
Insurance
London-based commercial property MGA, European Property Underwriting (EPUL), has launched a flexible UK and Northern Ireland terrorism solution offering cost-effective cover as an alternative to Pool Re. 11 June 2018
Insurance
Bermuda speciality re/insurer Sompo International Holdings has completed the acquisition of the operating subsidiaries of Lexon Surety Group, a deal first announced on January 3, 2018. 4 June 2018
Alternative Risk Transfer
A continued glut of capacity dampened rate increases in the recent June 1 renewals for Florida property-cat business. While rates did increase by 1.2 percent, the first rise in seven years, pricing remains 40 percent down on 2012, according to a new report by JLT Re. 4 June 2018
Insurance
Howden, the retail broking arm of Hyperion Insurance Group, has appointed José Manuel González as the new CEO of Howden Broking Group. 4 June 2018
Insurance
After severe losses in 2017, predictions for the 2018 hurricane season suggest that this year’s hurricane activity will not be anywhere near as bad, according to a new Fitch Report. 4 June 2018
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