Marine, cargo ships

Pembroke pulls out of cargo business

2018-12-17T14:05:00+00:00

Under review Pembroke Managing Agency has jettisoned its cargo business, The Insurer can reveal.

Mike Bruce

GRP’s Mike Bruce promoted to Group MD

2018-12-17T10:15:00+00:00

Global Risk Partners’ broking CEO Mike Bruce has been named Group managing director, as the specialist consolidator continues its push for targeted 2020 run rate ebitda of £53.5mn.

Hamilton, Bermuda

BMS builds out Bermuda team with two hires

2018-12-17T09:57:00+00:00

Wholesale broker BMS has continued its push in Bermuda with two new hires.

Sailboat in the Hamilton, Bermuda, harbor

Catalina acquires $2bn UK employers’ liability run-off book from Zurich

2018-12-17T09:17:00+00:00

Bermuda run-off heavyweight Catalina has entered into an agreement with Zurich to transfer a $2bn UK employers’ liability portfolio in a deal that will see Catalina take on policies written pre-2007.

Mike Kerner

Kerner to spearhead NA specialty insurance unit at Munich Re

2018-12-17T08:36:00+00:00

Mike Kerner has been unveiled by Munich Re as head of a new commercial insurance unit for North America as the (re)insurance giant targets growth in the specialty primary market.

Mike Bruce

GRP’s Mike Bruce promoted to Group MD

2018-12-17T10:15:00+00:00

Global Risk Partners’ broking CEO Mike Bruce has been named Group managing director, as the specialist consolidator continues its push for targeted 2020 run rate ebitda of £53.5mn.

Hamilton, Bermuda

BMS builds out Bermuda team with two hires

2018-12-17T09:57:00+00:00

Wholesale broker BMS has continued its push in Bermuda with two new hires.

Sailboat in the Hamilton, Bermuda, harbor

Catalina acquires $2bn UK employers’ liability run-off book from Zurich

2018-12-17T09:17:00+00:00

Bermuda run-off heavyweight Catalina has entered into an agreement with Zurich to transfer a $2bn UK employers’ liability portfolio in a deal that will see Catalina take on policies written pre-2007.

Mike Kerner

Kerner to spearhead NA specialty insurance unit at Munich Re

2018-12-17T08:36:00+00:00

Mike Kerner has been unveiled by Munich Re as head of a new commercial insurance unit for North America as the (re)insurance giant targets growth in the specialty primary market.



Denis-Kessler-scor

Scor rewarded for traditional early 2019 retro renewal

Tier one global reinsurer Scor has been rewarded for its traditional early renewal of its annual P&C retro program by renewing its core XoL coverage before the November California wildfires and benefiting from a more favorable pricing environment, The Insurer can reveal.

Largest-Mercury-General-reinsurers-($mn)-i

Cali wildfire disclosures, data now pointing to circa $15bn loss

2018 now appears odds on to have exceeded last year in terms of insured losses from the California wildfires following a series of disclosures and loss estimates late last week.

Ardonagh-debt

Ardonagh debt weighs heavily as UK broker sells assets

*Debt yielding circa 11 percent ** New $235mn bond takes issuance beyond £1bn *** Acquires Nevada 3 assets at near 30 percent premium to cost

Denis-Kessler-scor

Scor rewarded for traditional early 2019 retro renewal

Tier one global reinsurer Scor has been rewarded for its traditional early renewal of its annual P&C retro program by renewing its core XoL coverage before the November California wildfires and benefiting from a more favorable pricing environment, The Insurer can reveal.

Largest-Mercury-General-reinsurers-($mn)-i

Cali wildfire disclosures, data now pointing to circa $15bn loss

2018 now appears odds on to have exceeded last year in terms of insured losses from the California wildfires following a series of disclosures and loss estimates late last week.

Ardonagh-debt

Ardonagh debt weighs heavily as UK broker sells assets

*Debt yielding circa 11 percent ** New $235mn bond takes issuance beyond £1bn *** Acquires Nevada 3 assets at near 30 percent premium to cost



US government. Washington

For non-US reinsurers operating in the US reinsurance market—options for 2019 and beyond

On December 19, the National Association of Insurance Commissioners (NAIC) will vote on, and presumably approve, another set of changes to its model credit for reinsurance law and regulation. These changes are designed to implement the EU-US Covered Agreement and extend it to permit qualifying reinsurers in non-EU countries such ...

The ILS Holy Grail

The Holy Grail of secondary market cat trading…

The holy grail of creating a truly liquid trading instrument for catastrophe risk has been pursued by innovative marketeers for more than 25 years.

Hong Kong city skyline

The CatCo crunch…

*1.1 Retro quotes being re-priced ** Ajit’s phone “already ringing” *** Late renewal just got a lot tougher

US government. Washington

For non-US reinsurers operating in the US reinsurance market—options for 2019 and beyond

On December 19, the National Association of Insurance Commissioners (NAIC) will vote on, and presumably approve, another set of changes to its model credit for reinsurance law and regulation. These changes are designed to implement the EU-US Covered Agreement and extend it to permit qualifying reinsurers in non-EU countries such ...

The ILS Holy Grail

The Holy Grail of secondary market cat trading…

The holy grail of creating a truly liquid trading instrument for catastrophe risk has been pursued by innovative marketeers for more than 25 years.

Hong Kong city skyline

The CatCo crunch…

*1.1 Retro quotes being re-priced ** Ajit’s phone “already ringing” *** Late renewal just got a lot tougher