News

Insurance

AM Best warns of increased Brexit uncertainty for UK insurers

AM Best has warned that uncertainty as to the UK’s future trading relationship with the EU has increased following the vote in the House of Commons on Jan. 15, 2019, rejecting the deal terms agreed with the EU by Prime Minister Theresa May’s government.   17 January 2019

Insurance

Acrisure raises $500m for acquisitions

Michigan-based insurance broker Acrisure is issuing $500 million of five-year senior secured notes to help fund acquisitions.   17 January 2019

Insurance

Blue Capital Reinsurance revises Q4 cat losses upwards

Bermuda-based Blue Capital Reinsurance Holdings has raised its fourth quarter catastrophe loss estimates to $30.0 million net of reinsurance and reinstatement premiums from $17.0 million as of Dec. 11, 2018.   17 January 2019

Insurance

Portalatin becomes vice chairman of Marsh & McLennan

Julio Portalatin has been appointed vice chairman of Marsh & McLennan Companies (MMC).   17 January 2019

Insurance

Beazley names new CFO replacing Bride

Specialty insurer Beazley has appointed Sally Lake as new group finance director, replacing Martin Bride who is stepping down in May 2019.   17 January 2019

Insurance

RKH poaches Ed’s head of energy for new unit

RKH Specialty, part of the Hyperion Insurance Group, has appointed Richard Haines as managing director to lead its newly formed natural resources practice.   16 January 2019

article

Brexit vote extends uncertainty for UK insurance sector

Uncertainty continues for the UK’s insurance industry after the government’s Brexit deal has been rejected yesterday (Jan. 15) in what is dubbed the biggest ever government defeat in history.   16 January 2019

Insurance

HDI hires Allianz talent as it creates new specialty unit

German industrial lines insurer HDI Global has hired a senior long-serving Allianz executive to fill the position of UK and Ireland managing director.   15 January 2019

Insurance

Brexit prompts AXA to move international risk and reinsurance jobs to Ireland

French insurer AXA plans to move its international risk and reinsurance operations from the UK to Ireland in preparation for Brexit, according to a Jan. 10 Reuters report.   11 January 2019

Alternative Risk Transfer

Global reinsurance capital decreased in Q3 2018 but ILS capacity up

Global reinsurance capital decreased in the third quarter of last year though the mix of capital available changed within this with alternative capital supplying a higher percentage of what was available to insurers, according to a report by Aon.   11 January 2019

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