News

Alternative Risk Transfer

CCR Re sets up France-domiciled sidecar 157 Re to access new ILS investors

Medium sized reinsurer CCR Re has set up 157 Re, a sidecar vehicle, which it said is the first to be domiciled in France, to give it access to new ILS investors.   28 March 2019

Insurance

Hyperion appoints Rebecca Scott as new group COO

Intermediary Hyperion Insurance Group, which owns MGA DUAL, retail broker Howden and specialty broker RKH, has appointed Rebecca Scott as new group chief operating officer (COO).   28 March 2019

Insurance

Centene to buy WellCare in $17.3bn US healthcare deal

Centene Corporation and WellCare, two big players in the US government-sponsored health insurance programme, have announced that they are merging in a deal worth $17.3 billion.   28 March 2019

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

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

CIAM urges SCOR to end Kessler's combined CEO and chair roles

French investment management firm CIAM, which holds 0.94 percent stake in SCOR, has submitted a draft resolution asking the reinsurer to oust its long-serving chief executive Denis Kessler from the company's board of directors at the next general meeting on April 26.   26 March 2019

Insurance

LIIBA elects BMS CEO Nick Cook as new deputy chair

London and International Insurance Brokers’ Association (LIIBA) has elected Nick Cook, CEO of BMS Group, as its new deputy chairman.   26 March 2019

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