News

Insurance

Monument Re acquires Ireland-based Inora Life from Societe Generale

Bermuda-based reinsurer Monument Re has signed a definitive agreement to acquire Inora Life DAC from French financial services company Societe Generale.   28 March 2019

Insurance

Aon hires new EMEA chair for M&A and transaction solutions business from Marsh

Re/insurance broker Aon has appointed Edwin Charnaud as EMEA chairman for its M&A and transaction solutions business.   28 March 2019

Insurance

Markel appoints new strategy director for Asia in growth move

Specialist insurer Markel International has appointed Christian Stobbs as strategy director for Asia.   28 March 2019

Insurance

Lloyd’s turnaround gains ground as ‘evolution’ unveiled with 2018 results

Market digitalisation and the launch of the “Brexit-proof” Lloyd’s Brussels subsidiary were highlighted as ongoing initiatives that could help the specialist re/insurance market continue to turn around its performance, after CEO John Neal described the 2018 annual results as “not of the standard that we would expect”.   27 March 2019

Insurance

Norway's Norsk Hydro cyber attack losses estimated at $40m; AIG named as lead insurer

Norwegian aluminium and renewable energy company Norsk Hydro, which suffered a severe ransomware attack last week, has estimated that total losses from the incident have already reached 300-350 Norwegian crowns (nearly $40 million).   27 March 2019

Insurance

Marsh partners with Munich Re, Allianz, Zurich, AXIS on new cyber programme

Broker Marsh has launched a new programme, called Cyber Catalyst, that brings together a number of leading insurers to evaluate cybersecurity offerings and address major cyber risks, such as data breach, business interruption, data theft or corruption, and cyber extortion.   27 March 2019

Insurance

Ship insurer UK P&I Club gets green light for Dutch Brexit hub

UK P&I Club, a provider of protection and indemnity insurance to the international shipping community, has received approval from the Dutch financial regulator to establish a Brexit subsidiary in Rotterdam.   27 March 2019

Insurance

Arch Capital-backed Watford expects Nasdaq listing this week

Arch Capital-backed Bermuda re/insurer Watford Holdings expects to start trading on the Nasdaq Global Market on March 28, having filed its registration statement with the US Securities and Exchange Commission.   27 March 2019

Insurance

Chubb appoints new financial lines leader for Bermuda

Insurer Chubb has appointed Richard Porter as senior vice president, head of financial lines for Chubb Bermuda.   27 March 2019

Insurance

SCOR says CIAM's claims 'unfounded, misleading'; backs CEO Kessler

French reinsurer SCOR has called on its shareholders to reject the draft resolution of its activist investor CIAM that suggested its CEO Denis Kessler be removed from the company's board of directors.   26 March 2019

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