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Insurance
Specialty re/insurer Brit is relocating its Gibraltar based reinsurer to Bermuda as part of its long-term strategy. 7 December 2017
Insurance
Ingrid Carlou, the CEO of Patria Re, has left the reinsurer with immediate effect, Intelligent Insurer can reveal. 4 December 2017
Insurance
US drugstore operator CVS Health agreed to buy health insurer Aetna for a total value of $77 billion as it plans to push down costs. 4 December 2017
Insurance
Re/insurance legacy specialist Compre has revealed that its founding director Nick Steer is stepping down as group CEO, effective March 2018. 4 December 2017
Insurance
Spain-based Mapfre will pay out more than €1.1 billion to its clients in relation to the natural catastrophes occurred in the third quarter of 2017 and has announced a reorganisation of its international business and a reduction of its US presence. 4 December 2017
Insurance
Supermarket chain Wm Morrisons has been found liable for a former employee leaking personal information about almost 100,000 members of staff in what is seen as a landmark case for data risk. 4 December 2017
Insurance
Florida’s Citizens Property Insurance Corporation has closed nearly two-thirds of the 62,000 Irma-related claims but retains $6.4 billion in surplus as the hurricane season ends. 4 December 2017
Insurance
Insurer Alliant has hired Charlie Long for its energy and marine group, where he will provide targeted solutions to the company’s international client base. 4 December 2017
Insurance
Specialist niche-product managing general agent (MGA) Ascent Underwriting has extended its cyber offering to cover social engineering and computer crime, and provide modules of coverage on a nil deductible basis. 4 December 2017
Alternative Risk Transfer
A UK government cross-party committee has approved the Risk Transformation Regulations 2017 and the Risk Transformation (Tax) Regulation 2017, which are aimed at establishing London as a hub for insurance-linked securities. 30 November 2017
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