News
Alternative Risk Transfer
A record-high $1.6 billion of non-life insurance-linked securities (ILS) capacity was issued in Q3, 2018, according to Willis Re. 6 November 2018
Insurance
Cayman Islands-based Greenlight Capital Re has posted a loss in the third quarter of 2018 driven by investment and underwriting losses. 6 November 2018
Insurance
Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re Group, has appointed Michael LaRocca as head property & specialty lines North America. 6 November 2018
Insurance
Validus Specialty, a member of American International Group (AIG), has hired a senior JLT executive to lead its US political risk and credit insurance team based in New York. 6 November 2018
News
Despite recent losses, buyers seem to retain the upper hand in negotiations as we move into the renewals. On this basis, some are taking the opportunity to fine-tune their reinsurance programmes; others are even seeking rate decreases—Intelligent Insurer spoke to four of them for their take on the state of negotiations. 5 November 2018
Insurance
S&P Global Ratings has revised its outlook on Bermuda-based RenaissanceRe Holdings and its operating subsidiaries to negative from stable following its acquisition of Tokio Marine Holdings' reinsurance platform for $1.5 billion. 2 November 2018
Insurance
American International Group’s (AIG) chief executive Brian Duperreault said the company is working with a “sense of urgency” and “taking decisive actions across the company” as the business posted another big loss in its third quarter results. 1 November 2018
Insurance
Bermuda-based RenaissanceRe Holdings has agreed to acquire its competitor Tokio Millennium Re (TMR) for approximately $1.5 billion from its parent company Tokio Marine Holdings. 31 October 2018
Insurance
Natural catastrophes have impacted Bermuda-based RenaissanceRe Holdings’ (RenRe) profits in the third quarter of 2018 while the company revealed that it is acquiring Tokio Millennium Re (TMR) for approximately $1.5 billion. 31 October 2018
News
Challenging market conditions and a renewed focus on building its primary insurance business have resulted in Tokio Marine Holdings taking the decision to divest its reinsurance operations in a $1.5 billion sale to specialist Bermuda reinsurer RenaissanceRe Holdings, which is scaling up its business. 31 October 2018
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