News
Insurance
Bermuda-based RenaissanceRe Holdings (RenRe) has completed the acquisition of Tokio Millennium Re (TMR) following the receipt of all necessary regulatory approvals. 25 March 2019
Insurance
Analysts from Keefe, Bruyette & Woods (KBW) said “Florida is still a cash cow for reinsurers”, with demand looking “flat to up”, while “supply looks flat”, following Guy Carpenter's (GC) 2019 Florida Summit. 21 March 2019
Insurance
Accredited Surety & Casualty Company, the Florida-headquartered US insurer owned by Randall & Quilter Investment Holdings, has had its group rating upgraded by AM Best from VII to VIII. 20 March 2019
Insurance
As the UK parliament continues to wrangle over the best way forward for Brexit, rating agency AM Best said UK-domiciled insurers were “well prepared” for the outcome, “regardless of when or under what terms the UK leaves the EU”. 18 March 2019
Insurance
Fast-growing US specialty insurer Palomar Holdings has filed for an initial public offering (IPO) on the Nasdaq stock exchange. It is looking to raise $50 million from the deal. 18 March 2019
Insurance
Losses increased at Bermuda-based Maiden Holdings despite taking several strategic measures to de-risk its balance sheet in an "extremely difficult year", but its CEO Lawrence Metz believes that the performance will start to improve in 2019 as it nears the end of its review process. 18 March 2019
Insurance
Specialty insurance group Tokio Marine HCC has appointed Henning Skaarup as head of surety Nordics and Jan Holm Larsen as senior surety underwriter to further expand its international surety capabilities into Continental Europe. 12 March 2019
Insurance
A report from ratings agency S&P offered some succour on the widely debated topic of another global credit downturn, saying “the next crisis, if any, is unlikely to be as dramatic as in 2008-2009”. 12 March 2019
Insurance
Mapfre CEO Antonio Huertas has acknowledged that the company “could have done better” in 2018 at the company's annual general meeting for shareholders in Madrid on Friday 8 March. 11 March 2019
Insurance
Re/insurer Sava Re Group enjoyed a big increase in profits in 2018 as it also grew its gross written premiums despite slashing the size of its reinsurance book as it imposed much stricter underwriting discipline. 8 March 2019
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