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Insurance
Adverse loss developments move Maiden to losses in Q2
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
Integro hires Aon exec to lead global super yacht specialty
Brokerage and risk management firm Integro Insurance Brokers has hired Carol Roberts to lead its global super yacht specialty offering, based in New York.   9 August 2017
Insurance
Tokio Marine Kiln bolsters motor risks unit
Specialist insurer Tokio Marine Kiln (TMK) has expanded its motor team with the appointment of Kate Nossel as underwriter, based in London.   9 August 2017
Insurance
Magnitude 6.5 earthquake strikes Sichuan Province in Southwest China
A magnitude 6.5 earthquake struck Jiuzhaigou County in northern Sichuan Province in southwestern China, catastrophe modelling firm AIR Worldwide said on Aug. 8.   9 August 2017
Alternative Risk Transfer
First ILS to use blockchain in settlement process devised by Solidum Partners
Solidum Partners, the Switzerland-based investment firm that specialises in helping companies issue private cat bonds, has facilitated the issuance of the first insurance-linked security (ILS) whereby the traditional settlement system has been replaced with the use of blockchain.   8 August 2017
News
Federated National decreases its reinsurance spend in Q2
Federated National Holding Company lowered its reinsurance spend in the second quarter of 2017; the decrease was mainly due to the expiration of a Florida-only property quota share but the company did buy additional excess-of-loss reinsurance.   8 August 2017
Insurance
Ariel Re deal helps boost growth in Argo’s Q2 results
Argo Group’s acquisition of Ariel Re in February 2017 helped drive solid growth in the business, which posted impressive increases in gross written premiums and profits in the second quarter of 2017.   8 August 2017
Insurance
Recovery in major economies boosts Tokio Marine’s results
Tokio Marine Holdings enjoyed an increase in revenues but its net profits fell in the first quarter of its financial year ending June 30, 2017, as it offered a positive outlook on the health of the main economies it operates in.   8 August 2017
Insurance
Aon to acquire Unirobe Meeùs Groep from Aegon
Aon Groep Nederland has entered into an agreement to acquire Unirobe Meeùs Groep (UMG) from Aegon for €295 million. The transaction is expected to close in the fourth quarter of 2017.   8 August 2017
Insurance
Generali sells another LatAm unit as it seeks transformation into a ‘simpler company’
Generali Group is to sell its business in Panama to ASSA Compañía de Seguros, an insurance player in the region, for $172 million, subject to adjustment on closure.   8 August 2017

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