News

Insurance

CCR sells majority stake in ~€1bn CCR Re to consortium of mutual insurers

The transaction increases the French state-owned reinsurer’s capital by €200m.   3 July 2023

Insurance

SiriusPoint, Compre in $1.3bn loss portfolio transfer deal

The LPT has been underwritten by Compre’s class 3B Bermudian reinsurer Pallas Re.   3 July 2023

Insurance

SCOR launches new investment unit in Switzerland

The move is part of its international growth strategy to capitalise on new opportunities.   3 July 2023

Insurance

Marsh McLennan’s Guy Carpenter completes M&A in Israel

Re Solutions has now become Guy Carpenter Israel.   3 July 2023

Insurance

Gallagher Re: more double digit rate gain mid-year, less drive for T&C

As capacity chases higher rates, reinsurer loosen hopes for tighter terms, even warm to all-risks.   3 July 2023

Insurance

IGI’s new CEO mulls aggressive growth, but ‘no transformation’

Embarking on a new journey with a keen eye and agile footing, IGI’s new CEO, Waleed Jabsheh, is not pondering any dramatic transformation, instead promising an “aggressive” chase of lucrative opportunities and an exciting era for IGI’s growth.   30 June 2023

Insurance

SiriusPoint appoints ex-QBE/Berkshire/Liberty executive to leadership

The appointee is a highly experienced general counsel with a broad legal background.   30 June 2023

Insurance

Lemonade taps early investor for innovative customer growth financing

‘Synthetic Agent’ plan will pay agency commission early, then hand Lemonade lifetime profits.   30 June 2023

Insurance

Mid-year renewals bring rate-taming capacity; equilibrium still elusive

Risk-adjusted rate gains for US & Florida property cat slowed to 25-35%, drew new capacity.   30 June 2023

Insurance

Active Re eyes new opportunities with ICISA membership

The reinsurer believes the move will open many doors and support its growth.   29 June 2023

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