Articles

Insurance

Run-off specialist DARAG consolidates move into North America with acquisition

Run-off specialist DARAG has completed the acquisition of SOBC Services, a company focused on the sourcing, acquisition and management of insurance entities and portfolios in run off in the US, Bermuda and Caribbean.   20 November 2018

Alternative Risk Transfer

AXA XL snaps up 100% ownership of New Ocean Capital Management

Bermuda-based AXA XL's reinsurance operation has completed the acquisition of all third party ownership interests in New Ocean Capital Management, its majority-owned asset management affiliate.   20 November 2018

Insurance

Willis Towers Watson swoops for Lloyd's execs in digital push

Broker Willis Towers Watson has appointed Iain Whittingham as a senior director to expand its insurance consulting and technology business.   20 November 2018

Insurance

MS Amlin partners with Folgate for 2019 UK re-launch

UK-based Folgate Insurance Company has partnered with re/insurer MS Amlin to underwrite its business for 2019.   19 November 2018

Insurance

Helios snaps up Lloyd's LLV Advantage for up to £1.9m

Lloyd's private capacity provider Helios Underwriting has acquired Advantage DCP, a limited liability member (LLV) of Lloyd's of London, for a consideration of up to £1.91 million.   16 November 2018

Insurance

Paul Jardine joins insurtech AkinovA's board

Former XL Catlin veteran Paul Jardine has joined the advisory board of insurtech startup AkinovA.   15 November 2018

Insurance

Brexit deal’s focus on equivalence ‘unfortunate’ for insurers and brokers

The chief executive of the London and International Insurance Brokers’ Association (LIIBA) has voiced concerns regarding the draft Brexit agreement reached by the UK and European Union.   15 November 2018

Insurance

Cost savings boost NN Group’s Q3 results

Dutch insurer NN Group enjoyed an increase in its profits in the third quarter of 2018 partly boosted by further cost savings as a result of its 2017 acquisition of Delta Lloyd.   15 November 2018

Insurance

California wildfires to cause record losses: AM Best

Wildfire losses in California will reach record levels in 2018 after three different fires erupted in November and will force insurers to re-price and reassess their California exposures, according to AM Best estimates.   14 November 2018

Insurance

Covéa CEO resigns from SCOR board

Covéa chairman and CEO Thierry Derez has resigned from SCOR’s board of directors after SCOR CEO Denis Kessler had asked him to step down.   14 November 2018

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