News
Insurance
Argo CEO Mark Watson III believes that the Bermuda-based re/insurer has the right size, enabling it to innovate and use technology to thrive in the future. 26 September 2018
Insurance
Pioneer Underwriters has bolstered its political violence team with the appointment of a new underwriter from Advent Underwriting. 21 September 2018
Insurance
Bermuda-based excess and surplus (E&S) lines carrier Colony Specialty, a member of Argo Group International Holdings, has appointed Jeff Canfield to serve as head of casualty. 12 September 2018
Insurance
As consolidation continues, the majority of re/insurance professionals think that M&A will change the reinsurance landscape, according to an online survey carried out by Intelligent Insurer ahead of this renewals season. 10 September 2018
Insurance
Given some of the headlines and predictions of big rate hikes in the aftermath of the 2017 cat losses in the US, most buyers will be pleased with what remains a relatively stable environment for rates as they head to Monte Carlo, Mark O’Riordan, group reinsurance director at Ecclesiastical, told Monte Carlo Today. 9 September 2018
Insurance
The recent new wave of consolidation has shown a further trend towards more companies operating so-called hybrid business models, whereby they write both insurance and reinsurance. Such a model can generate useful synergies, but it is also one of many factors driving consolidation, Torsten Jeworrek, member of Munich Re’s Board of Management, told Monte Carlo Today. 9 September 2018
Alternative Risk Transfer
Alternative capital is here to stay and will remain a big part of cedants’ strategies and business plans going forward—the real question is how they balance that with traditional reinsurance. 9 September 2018
Insurance
Lloyd’s profitability review is being described as the biggest shakeup of the market since reconstruction in the 1990s. As syndicates are forced to pare back capacity, it could have far-reaching consequences well beyond the market itself, as Intelligent Insurer reports. 8 September 2018
Insurance
AM Best has placed the financial strength rating and the long-term issuer credit ratings (ICRs) for Maiden Reinsurance, and its affiliate Maiden Reinsurance North America under review with negative implications following the announcement that the renewal rights for its US diversified business were being sold to TransRe. 31 August 2018
Insurance
Germany-based insurance group Allianz is consolidating its European direct business by establishing a new pan-European risk carrier and has appointed Bart Schlatmann CEO of this operation. 31 August 2018
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