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Brit

Brit names Thompson as interim group CEO as Wilson takes indefinite leave

2021-09-28T16:16:00+01:00

Brit has appointed Martin Thompson as interim group CEO after it was announced earlier today that Matthew Wilson will take an indefinite leave of absence due to health reasons.

IM-Covea-AXA

Covéa’s acquisition talks over Axa XL Re end

2021-09-28T15:37:00+01:00

French mutual insurer Covéa’s bid to strike a deal for the global reinsurance operations of Axa XL is thought to have collapsed with both sides walking away from negotiations, according to local reports.

Reagan Pufall – Omaha National, Agman and Accomplive

Workers’ comp MGA Omaha National to transition to direct writer after $45mn fundraise

2021-09-28T12:00:00+01:00

Tech-enabled workers’ compensation MGA Omaha National has raised $45mn in Series B funding that will help it transition to a direct insurance writer and support the expansion of its advanced proprietary software as it looks to continue delivering industry-beating underwriting results, The Insurer can reveal.

Rinat Bektleuov MS Amlin

MS Amlin enters agriculture reinsurance market with Bektleuov hire

2021-09-28T14:38:00+01:00

Global reinsurer MS Amlin AG has entered the agriculture reinsurance market with the appointment of Rinat Bektleuov as product group lead underwriter.

Rob Bauer – Bolttech

Bolttech hires Bauer from Marsh to lead MGA strategy

2021-09-28T14:04:00+01:00

Expansive insurtech Bolttech has added Rob Bauer from Marsh to its executive leadership team as group MGA officer.

IM-Covea-AXA

Covéa’s acquisition talks over Axa XL Re end

2021-09-28T15:37:00+01:00

French mutual insurer Covéa’s bid to strike a deal for the global reinsurance operations of Axa XL is thought to have collapsed with both sides walking away from negotiations, according to local reports.

Reagan Pufall – Omaha National, Agman and Accomplive

Workers’ comp MGA Omaha National to transition to direct writer after $45mn fundraise

2021-09-28T12:00:00+01:00

Tech-enabled workers’ compensation MGA Omaha National has raised $45mn in Series B funding that will help it transition to a direct insurance writer and support the expansion of its advanced proprietary software as it looks to continue delivering industry-beating underwriting results, The Insurer can reveal.

Rinat Bektleuov MS Amlin

MS Amlin enters agriculture reinsurance market with Bektleuov hire

2021-09-28T14:38:00+01:00

Global reinsurer MS Amlin AG has entered the agriculture reinsurance market with the appointment of Rinat Bektleuov as product group lead underwriter.

Rob Bauer – Bolttech

Bolttech hires Bauer from Marsh to lead MGA strategy

2021-09-28T14:04:00+01:00

Expansive insurtech Bolttech has added Rob Bauer from Marsh to its executive leadership team as group MGA officer.



Spotlight on Bermuda

2021-09-24T12:31:00+01:00

In our latest virtual debate as part of #ReinsuranceMonth, our panellists agreed the Bermuda market is poised to take greater advantage of the opportunities residing in the industry and to step up to the challenges both innovatively and competitively.

Viewpoint

More Viewpoint

Aon

Aon: Reinsurance capital rose $10bn during H1 but earnings need to improve

Aon has estimated that total reinsurance capital rose by $10bn to $660bn at the half-year point of this year, but catastrophes mean the level of return in the first half will not be sustained for the full year and covering the cost of capital remains a problem.

NAMIC AND Aon

US mutuals’ capital grows faster than stock peers despite Covid-19 paybacks

The US mutual market grew its capital and surplus by 8.3 percent last year despite returning some $6.1bn of dividends to policyholders largely in Covid-19-related paybacks, with the sector outstripping the 6.7 percent growth recorded by its stock company peers, new data from the National Association of Mutual Insurance Companies ...

Hiscox

Hiscox most exposed to Covid BI reinsurance failure as impasse continues

UK insurer Hiscox is by far the most heavily leveraged to its reinsurers among the large listed Lloyd’s carriers, highlighting its vulnerability in the event of a failure to collect its assumed share of Covid-19 business interruption reinsurance recoveries, research by The Insurer highlights.

Aon

Aon: Reinsurance capital rose $10bn during H1 but earnings need to improve

Aon has estimated that total reinsurance capital rose by $10bn to $660bn at the half-year point of this year, but catastrophes mean the level of return in the first half will not be sustained for the full year and covering the cost of capital remains a problem.

NAMIC AND Aon

US mutuals’ capital grows faster than stock peers despite Covid-19 paybacks

The US mutual market grew its capital and surplus by 8.3 percent last year despite returning some $6.1bn of dividends to policyholders largely in Covid-19-related paybacks, with the sector outstripping the 6.7 percent growth recorded by its stock company peers, new data from the National Association of Mutual Insurance Companies ...

Hiscox

Hiscox most exposed to Covid BI reinsurance failure as impasse continues

UK insurer Hiscox is by far the most heavily leveraged to its reinsurers among the large listed Lloyd’s carriers, highlighting its vulnerability in the event of a failure to collect its assumed share of Covid-19 business interruption reinsurance recoveries, research by The Insurer highlights.

program manager masthead

Driving value in the $100mn MGA/programs market

Another month has passed in the programs sector and there appears to be no let-up in activity as buoyant conditions continue to drive new program partnerships, growth investments and M&A.

Ida – New Orleans, United States

Recent history points to Ida loss creep to well beyond $30bn

The release of an initial Ida estimate from Property Claim Services (PCS) of just under $26bn last week reinforces the growing expectation that the ultimate private market insured loss will move towards the top end of the ranges put out by model vendors and could stretch to $35bn and beyond.

Lloyds building

When it can pay to delay…

Twenty years ago – in the immediate aftermath of the horrors of 9/11 – Lloyd’s was subsumed in a liquidity crisis and potentially teetering on the edge of insolvency. 

program manager masthead

Driving value in the $100mn MGA/programs market

Another month has passed in the programs sector and there appears to be no let-up in activity as buoyant conditions continue to drive new program partnerships, growth investments and M&A.

Ida – New Orleans, United States

Recent history points to Ida loss creep to well beyond $30bn

The release of an initial Ida estimate from Property Claim Services (PCS) of just under $26bn last week reinforces the growing expectation that the ultimate private market insured loss will move towards the top end of the ranges put out by model vendors and could stretch to $35bn and beyond.

Lloyds building

When it can pay to delay…

Twenty years ago – in the immediate aftermath of the horrors of 9/11 – Lloyd’s was subsumed in a liquidity crisis and potentially teetering on the edge of insolvency.