News
Alternative Risk Transfer
While insurance-linked securities (ILS) are now estimated to be providing around 15 percent of total reinsurance capacity, SCOR CEO Denis Kessler believes that it could grow to 25 percent or a maximum of 30 percent. 6 November 2018
News
Despite recent losses, buyers seem to retain the upper hand in negotiations as we move into the renewals. On this basis, some are taking the opportunity to fine-tune their reinsurance programmes; others are even seeking rate decreases—Intelligent Insurer spoke to four of them for their take on the state of negotiations. 5 November 2018
Insurance
Fairfax Financial Holdings, which owns a number of re/insurers including Allied World, Brit and Zenith National, posted a solid net profit in the third quarter of 2018 despite exposure to a number of natural catastrophes in the quarter. 2 November 2018
Insurance
Reinsurer TransRe, which is owned by Alleghany Corporation, enjoyed some growth in the third quarter of 2018 but made an underwriting loss as a result of exposure to various catastrophes in the third quarter. 2 November 2018
Insurance
Alleghany Corporation, which owns reinsurer TransRe and insurers RSUI and CapSpecialty, enjoyed strong growth in the third quarter of 2018 – but this was mainly driven by non-insurance related revenues. Its profits were also hit by exposure to losses from natural catastrophes. 2 November 2018
Insurance
S&P Global Ratings has revised its outlook on Bermuda-based RenaissanceRe Holdings and its operating subsidiaries to negative from stable following its acquisition of Tokio Marine Holdings' reinsurance platform for $1.5 billion. 2 November 2018
Insurance
Bermuda-based Arch Capital Group is to acquire McNeil, a New York-based provider of specialized risk management and insurance programmes. 2 November 2018
Insurance
Insurance service provider Davies Group has acquired Veriphy, a specialist KYC (know your customer) and AML (anti money laundering) compliance solutions SaaS (software as a service) business. 2 November 2018
Insurance
US-based insurtech Compare.com, an online car insurance comparison platform, has raised $35 million to help fuel its expansion and brand development. 2 November 2018
Insurance
Gibraltar based MGA, Pukka Insure has launched a new private car offering backed by QIC Europe. 2 November 2018
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