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SCOR acquires asset manager Coriolis Capital to expand ILS arm; takes AUM to $2.1bn
Alternative Risk Transfer
French reinsurer SCOR’s portfolio management company is acquiring 100 percent of the capital of insurance-linked securities (ILS) fund manager Coriolis Capital, in a move aimed at expanding its capacity on the ILS market, reaching an aggregate sum of $2.1 billion of assets under management (AUM) and operating in both Paris and London.   23 May 2019
Ariel Re lures TMR's Kelly to strengthen credit and financial product lines
Insurance
Ariel Re, a subsidiary of Bermuda-based Argo Group, has appointed Sean Kelly to the newly-created role of senior vice president, specialty underwriter, credit and financial products.   23 May 2019
ProAssurance CEO Starnes to step down after 12 years, is replaced by COO Rand
Insurance
Specialty insurance company ProAssurance Corporation has appointed Edward Rand, Jr., the company’s president and chief operating officer, to succeed Stancil Starnes as chief executive officer from July 1, 2019.   23 May 2019
Insurance
Cyber insurance could make leaps and bounds in Europe if policymakers gave insurers access to anonymised cyber-attack data, industry body Insurance Europe (IE) has said.   23 May 2019
Insurance
Frédéric de Courtois, general manager of Generali Group, has been elected vice president of Insurance Europe, the European insurance and reinsurance federation, for a three-year term.   23 May 2019
Insurance
Brokers Aon and Guy Carpenter have teamed up with The Institutes RiskStream Collaborative to streamline the reinsurance placement process using distributed ledger technology (DLT).   16 May 2019
Insurance
Specialist re/insurance broker THB Group has made two senior hires from Jardine Lloyd Thompson Group to further strengthen its binding authority business.   16 May 2019
Insurance
Reinsurer SCOR has made a number of changes in its P&C reinsurance operations in the Americas, including the CEO post, as part of a senior reshuffle that came into effect from 15 May 2019.   16 May 2019
Insurance
Italian insurer enjoyed a big increase in its profit in the first quarter of 2019, though this was partly driven by disposals. Its GWP also show solid gains in all parts of the business.   16 May 2019
Insurance
Everest Insurance, the specialty insurance division of Bermuda-based Everest Re Group, has appointed LMG's Graham Pitt as head of international surety, based in London.   16 May 2019

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