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GIC Re to raise up to $1.7bn in IPO as it seeks international expansion
State-owned General Insurance Corp of India’s (GIC Re) is expected to raise 113.7 billion rupees ($1.7 billion) in an initial public offering to run from Oct. 11. and Oct. 13, 2017 as it plans to grow internationally.   5 October 2017
Insurance
Lloyd’s Council member Fleming resigns
Specialist re/insurance market Lloyd’s of London said on Oct. 5 that former Morgan Stanley executive Greg Fleming will be standing down from his position on the Lloyd’s Council as a nominated member due to work commitments.   5 October 2017
Insurance
RenaissanceRe faces $625m nat cat hit in Q3
Bermuda-based RenaissanceRe Holdings said on Oct. 4 that it anticipates an initial estimated net negative impact of $625 million from Hurricanes Harvey, Irma and Maria and the Mexico City Earthquake.   5 October 2017
Insurance
Allianz teams up with Silicon Valley firm in cyber protection
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has teamed up with Silicon Valley-based software company Zeguro.   5 October 2017
Insurance
WR Berkley NA nat cat loss expected below $110m
Commercial re/insurer WR Berkley Corporation said on Oct. 4 that it expects catastrophe losses attributable to Hurricanes Harvey, Irma and Maria and the earthquakes in Mexico to be less than $110 million, before tax, or $72 million, after tax.   5 October 2017
Insurance
Third Point Re CEO praises strategy avoiding nat cat losses
Third Point Reinsurance CEO said on Oct. 4 that the company experienced only “modest” losses from natural catastrophes in North America as its strategy paid off.   5 October 2017
Insurance
Randall & Quilter raises £50m to fund growth
Non-life insurance and investment specialist Randall & Quilter Investment Holdings said on Oct. 5 that it is raising approximately £49.3 million to finance its growth plan.   5 October 2017
Insurance
Q3 insured losses could be costliest in history
Insured catastrophe losses in the third quarter of 2017 could exceed $100 billion and become the costliest in history, according to an Oct. 3 Morgan Stanley research note.   4 October 2017
Insurance
Hurricane Irma to have limited impact on reinsurers’ capital
Global reinsurers will incur notable losses from Hurricane Irma, but the storm will have only a limited impact on the sector’s capital, ratings agency AM Best said in a Sept. 14 report.   15 September 2017
Insurance
The inaugural Intelligent Insurer Editor’s Choice Awards
“Change may indeed be inevitable. Successful change, however, is not.” That was the winner of our quote of month competition in August. Here, with that in mind, we introduce the first Editor’s Choice Awards in which we identify the companies, ventures and individuals best equipped to make change successful.   14 September 2017

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