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Insurance
Athora Holding has completed the acquisition of Generali Belgium, a Belgium-based insurer. The final consideration paid was approximately €540 million. The company will be rebranded to Athora Belgium prior to the end of the second quarter of 2019. 3 January 2019
News
Extratropical Cyclone Burglind, also known as Eleanor, which hit the UK and Europe in January 2018, will cost insurers some €756 million, according to insurance data company PERILS’ final loss estimate. 3 January 2019
Alternative Risk Transfer
Reinsurance placements at 1 January 2019 highlight a pricing gap between accounts with peak peril exposures or poor loss records and the rest, with many reinsurers placing emphasis on the quality of client counterparties, according to the latest 1st View renewals report from Willis Re. 2 January 2019
Insurance
Business insurance specialist QBE European Operations has implemented its post-Brexit plans, following its Part VII transfers coming into effect on January 1, 2019. 2 January 2019
Insurance
Generali Group has completed its plan to increase its stakes in Future Generali insurance joint ventures in India to 49 percent from 25.5 percent. 2 January 2019
Insurance
Arch Insurance Europe has finalised its acquisition of the UK commercial lines business owned by The Ardonagh Group and part of its Geo Underwriting operating segment. 2 January 2019
Insurance
State-owned reinsurance group China Re has completed its 100 percent equity acquisition of Hanover Insurance international Holdings - the holding company of Chaucer Holdings - from The Hanover Insurance Group. 2 January 2019
Insurance
JLT Re's global property-catastrophe reinsurance index fell 1.2 percent at the January 1 renewals, despite 2018 being one of the costliest years in terms of catastrophe losses. 2 January 2019
Reinsurance
Enstar Group has announced that one of its wholly-owned subsidiaries completed a previously announced transaction to acquire Maiden Reinsurance North America from a subsidiary of Maiden Holdings. 2 January 2019
Insurance
Lloyd’s and six market syndicates will begin using Parsyl, a supply chain data startup, to better manage risk for temperature sensitive classes of business. 17 December 2018
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