Articles

Insurance

Willis Towers Watson launches $1bn political risk insurance programme

Broker Willis Towers Watson has launched a new political risk insurance programme supported with over $1 billion of market capacity.   1 May 2019

Insurance

Willis Towers Watson hires asset management specialist from Lockton

Broker Willis Towers Watson has appointed a number of asset management experts in its FINEX financial institutions practice to further expand its offering globally.   29 April 2019

Alternative Risk Transfer

FEMA grows NFIP flood reinsurance to $2.12bn with new $300m cat bond

The US Federal Emergency Management Agency (FEMA) has secured a $300 million reinsurance placement for the National Flood Insurance Program (NFIP) from the capital markets investors, brings the total flood cover to $2.12 billion.   23 April 2019

Insurance

Maiden at risk of Nasdaq delisting over share price

Nasdaq has warned reinsurer Maiden Holdings that it has failed to meet the stock market’s continued listing requirements and that it risks potentially being delisted.   23 April 2019

Insurance

Marsh, Guy Carpenter, JLT to merge LatAm facultative reinsurance under Andrew Perry

Broker Marsh & McLennan Companies (MMC) is merging the Latin American facultative reinsurance operations of its wholly owned subsidiaries Marsh and Guy Carpenter with that of Jardine Lloyd Thompson Group (JLT). The combined business will be known as Carpenter Marsh Fac Re.   23 April 2019

Insurance

Global reinsurance capital falls 5% in 2018, finds Willis Re

Capital earmarked for the global reinsurance industry fell by 5 percent in 2018, according to analysts at Willis Re.   23 April 2019

Insurance

AmTrust sells crop insurance MGA to Tokio Marine's ProAg

Specialty insurer Tokio Marine HCC's crop insurance unit Producers Ag Insurance Group (ProAg) has signed an agreement to acquire Leawood, Kansas-based crop insurance managing general agent (MGA) AmTrust Agriculture Insurance Services (AmTrust Ag).   23 April 2019

Insurance

Sompo International appoints Thomas Brazil as new CEO of European unit

Bermuda-based specialty re/insurer Sompo International Holdings has appointed Thomas Brazil as the new chief executive officer of SI Insurance (Europe), the company’s platform for European Economic Area (EEA) insurance business.   23 April 2019

Insurance

Trust Re appoints Talal Al Zain as new group CEO replacing Abunahl

Bahrain-based re/insurer Trust International Insurance & Reinsurance Company (Trust Re) has appointed Talal Al Zain as its new group chief executive officer.   23 April 2019

Insurance

TigerRisk president Tony Ursano steps down

Tony Ursano is stepping down as the president of reinsurance broking and risk/capital management firm TigerRisk Partners.   23 April 2019

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