News

Insurance

Validus to raise $250m through share offering

Bermuda-based Validus Holdings priced an underwritten public offering of 10 million depositary shares worth $250 million.   13 June 2017

Reinsurance

Swiss Re EMEA CEO takes aim at $15.5bn nat cat protection gap

Swiss Re is engaging in an initiative to persuade governments in Europe to create schemes that will enable private re/insurers to expand the coverage of flood and earthquake risks.   8 June 2017

Insurance

VAT introduction could cause cash-flow issues for Gulf insurers

Given the fiscal pressures in the member states of the Gulf Cooperation Council (GCC), the introduction of value added tax (VAT) seems inevitable and could cause short-term cash-flow issues for insurers, according to AM Best.   6 June 2017

Insurance

Hudson Structured and MultiStrat complete workers' comp deal

Investment manager Hudson Structured Capital Management has invested $20.1 million in preferred shares in a reinsurance vehicle that will assume $35.3 million of seasoned workers’ compensation liabilities.   6 June 2017

Insurance

Trust Re appoints two non-executive directors to board

Bahrein-based re/insurer Trust Re has appointed Fetooh Al Zayani and Kai-Uwe Schanz as independent non-executive directors for a three-year term.   6 June 2017

Insurance

Validus subsidiary AlphaCat appoints portfolio manager

AlphaCat Managers, a subsidiary of Bermuda-based Validus Holdings, has appointed Bernard Van der Stichele as portfolio manager.   6 June 2017

Insurance

Former KPMG ILS director Carne joins HSCM Bermuda

Hudson Structured Capital Management and HSCM Bermuda Management Company have appointed Jason Carne as an advisor to focus on valuation and reinsurance based in Bermuda.   6 June 2017

Insurance

Former Platinum CEO Price joins The Hanover board

US-based property/casualty insurer The Hanover Insurance Group has elected Michael Price to its board of directors. He will serve on the board's audit committee.   31 May 2017

Insurance

Former Axis Re CEO Jay Nichols resurfaces at US P&C firm Baldwin & Lyons

The former CEO of Axis Re Jay Nichols has joined Baldwin & Lyons, the US-based property/casualty holding company's board of directors.   18 May 2017

article

Profits dip at Generali in otherwise solid results

Both profits and growth dipped at Italian insurer Generali in the first quarter as the company blamed a more disciplined underwriting approach in its life business and a lower investment result due to its policy of reducing realised gains.   11 May 2017

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