Matthew-Power

Power out at AIG’s Lexington

2018-12-14T16:50:00+00:00

Matt Power is set to officially part company with AIG’s excess and surplus lines (E&S) platform Lexington at the end of this month, The Insurer can reveal.

Hamilton bermuda.900px

Bermuda retro specialist Lutece Re acquired by BTG Pactual

2018-12-14T14:44:00+00:00

Brazilian investment bank BTG Pactual has acquired the Bermudian retro specialist Lutece Re for an undisclosed sum. 

Jeff-Radke-&-Christopher-Lee-Smith

Former Argo execs launch wholesale MGA platform Accelerant

2018-12-14T16:38:00+00:00

The former Argo executive and erstwhile CEO of Bermudian reinsurer PXRE Jeff Radke has launched a new London-headquartered wholesale MGA, Accelerant Holdings, The Insurer can reveal.

L loyd's of london

Lloyd’s cuts market modernisation fee in 2019

2018-12-14T12:30:00+00:00

Contributions by managing agents at Lloyd’s to the London Market Target Operating Model (TOM) are to be cut in 2019.

Guernsey

CSAM’s Guernsey cat platforms have A- ratings affirmed

2018-12-14T17:18:00+00:00

Credit Suisse’s two Guernsey-based rated reinsurance platforms, Kelvin Re and Humboldt Re, have had their A- AM Best ratings affirmed on the eve of the 1.1 renewals.

Hamilton bermuda.900px

Bermuda retro specialist Lutece Re acquired by BTG Pactual

2018-12-14T14:44:00+00:00

Brazilian investment bank BTG Pactual has acquired the Bermudian retro specialist Lutece Re for an undisclosed sum. 

Jeff-Radke-&-Christopher-Lee-Smith

Former Argo execs launch wholesale MGA platform Accelerant

2018-12-14T16:38:00+00:00

The former Argo executive and erstwhile CEO of Bermudian reinsurer PXRE Jeff Radke has launched a new London-headquartered wholesale MGA, Accelerant Holdings, The Insurer can reveal.

L loyd's of london

Lloyd’s cuts market modernisation fee in 2019

2018-12-14T12:30:00+00:00

Contributions by managing agents at Lloyd’s to the London Market Target Operating Model (TOM) are to be cut in 2019.

Guernsey

CSAM’s Guernsey cat platforms have A- ratings affirmed

2018-12-14T17:18:00+00:00

Credit Suisse’s two Guernsey-based rated reinsurance platforms, Kelvin Re and Humboldt Re, have had their A- AM Best ratings affirmed on the eve of the 1.1 renewals.



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