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Insurance
European non-life and life insurers engaged in less merger and acquisition (M&A) activity in 2016 than in either of the preceding two years, according to AM Best. 10 April 2017
Insurance
Maiden Holdings made a loss in the second quarter of 2017 on the back of the emergence of adverse loss development in both its key operating segments. As the reinsurer’s combined ratio soared, the company’s CEO moved to stress he believed the company had addressed the issue. 9 August 2017
Insurance
Mitsui Sumitomo Insurance Company’s ¥634.7 billion (£3.4 billion) deal to acquire Amlin Insurance is a deal driven by both economic conditions in Japan and pressures on the global re/insurance market and could work for both parties. 8 September 2015
Insurance
Specialist re/insurer Kiln has appointed Ian Lewis as enterprise risk underwriter specialising in intellectual property. 7 October 2014
Insurance
Eight Lloyd’s syndicates have joined forces to develop new solutions to help developing economies tackle underinsurance and improve their resilience against the economic impact of natural catastrophes. 27 November 2015
News
Bermuda-based Endurance Specialty Holdings has announced that Jerome Faure will join the company on March 11 as CEO of global reinsurance. He will be responsible for Endurance’s North America, Bermuda and international reinsurance operations. Most recently, Faure was a partner in ILS Capital Management in Bermuda focused on insurance linked securities, industry loss warranties and collateralized reinsurance. Prior to that, he served as director and chief underwriting officer for Tokio Millennium Re. He started his career at Scor. 27 February 2013
Insurance
The London Market Group (LMG) has launched its London Market (LM) Target Operating Model (TOM) Steering Board. 27 January 2016
Insurance
On the back of the latest cyber-attack, hitting firms globally with ransomware, insurers are seeking the tools to understand and win the cyber war – and these vary from education of staff to levering the power of artificial intelligence. 30 June 2017
Insurance
The insurance sector has been hoping that the European Union’s General Data Protection Regulation (GDPR) would boost the demand for cyber insurance as the cover has largely been sold as protection against data breaches. But how the market will be affected will depend on the severity of the enforcement actions taken by the EU and UK supervisory authorities, says Alex Jomaa, cyber underwriter at Tokio Marine Kiln. 23 May 2018
Insurance
Novae Group, a specialist listed Lloyd’s insurer, has appointed Kieron Russell as a senior class underwriter, crisis management. 1 January 1970
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