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Insurance
New York-based AmTrust Financial Services closed the transfer of a 51 percent equity interest in certain of its US-based fee businesses to private equity firm Madison Dearborn Partners. 1 March 2018
Insurance
New Zealand-based general insurer Tower has entered into a $22 million settlement agreement with Hong Kong's Peak Re regarding an adverse development cover policy entered in 2015. 1 March 2018
Insurance
Broker Jardine Lloyd Thompson Group (JLT) has acquired US-based trade credit and political risk broker International Risk Consultants (IRC) to further strengthen its US specialty business. 1 March 2018
Insurance
Bermuda registered a total of 58 new insurers in 2017, ranging from captives and long-term re/insurers to special purpose insurers (SPIs). 1 March 2018
Insurance
UK mutual reinsurer Pool Re has extended its retrocession programme cover to include material damage and direct business interruption (BI) caused by acts of terrorism using remote digital interference at renewal. 1 March 2018
Alternative Risk Transfer
An overview of the ILS market by Dirk Lohmann, chief executive officer of Secquaero Advisors and Noel Hillmann, chief executive officer of Clear Path Analysis*. 28 February 2018
Insurance
Jardine Lloyd Thompson Group unveiled radical plans to restructure the business in its 2017 results, which it hopes will result in annualised savings of £40 million by 2020 for a one-off cost of £45 million spread across 2018 and 2019. 28 February 2018
Insurance
Jardine Lloyd Thompson Group posted solid growth, including in its reinsurance unit JLT Re, and improved profits in its preliminary results for 2017. 28 February 2018
Insurance
UK insurer Admiral Group posted solid growth and a big increase in profits in 2017 as it also detailed some changes to its reinsurance programme. 28 February 2018
Insurance
The cyber insurance market has not developed as much as it should have in the past 20 years and remains “frustratingly immature”, Inga Beale, CEO of Lloyd’s, told delegates at the Organisation for Economic Cooperation and Development (OECD) conference in Paris last week. 28 February 2018
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