The International Association of Insurance Supervisors has adopted the insurance capital standard, the first comprehensive global capital standard for insurance supervision.
Capital
Lockton Re has appointed Aon’s Sabrina Veau as a senior broker in its capital advisory unit.
Ryan Specialty has upsized its newly launched notes offering by $100mn to $600mn as the wholesale and underwriting giant targets further M&A and investments.
Arden Insurance Services has secured a significant growth capital investment from private equity firm FTV Capital, Program Manager can reveal.
Specialist insurance investor BP Marsh has provided XPT with a further $12.6mn via a purchase of existing equity and an additional loan facility, with the fast-growing wholesale broker and MGA platform also securing a new loan facility from alternatives investor Apogem Capital and First Eagle Bank.
European P&C insurers are expected to see unchanged solid margins heading into 2025, according to S&P’s latest outlook, with progressive dividends and share buybacks among listed insurers actively reducing capital surplus.
Bay Harbor Re believes it can sustain the low 90s combined ratio projected for its first full year of underwriting over the medium term, as it targets further growth after more than doubling its surplus to $45mn and upsizing its letter of credit facilities to $200mn, Program Manager can reveal.
Alternative capital will continue to play a prominent role in the programs sector, and while there is significant interest from MGA platforms in securing portfolio-wide quota share capacity there remains reticence among reinsurers to support such deals.
Proposals by the European Insurance and Occupational Pensions Authority (Eiopa) to introduce capital surcharges on fossil fuel-related assets will not have an impact on European insurers' credit ratings, Fitch Ratings has said.
Third Point has shed its holding in AIG almost two years after it first took a position in the insurance industry giant, the Dan Loeb-led investment firm’s latest quarterly 13-F filing shows.
Scor has secured an additional three-year stop loss retrocession cover incepting at 1 January 2025 that will provide cover for both P&C and life books, with management describing the new protection as a “highly efficient capital management tool”.
CatCo Reinsurance Opportunities Fund Limited will return approximately $21mn to investors later this month via the latest in a running series of compulsory share redemptions.
Liberty Mutal’s Safeco Insurance has entered into a book transfer agreement for Main Street America Insurance’s personal lines business.
ICMR's Markus Gesmann and Quentin Moore question whether the difficulty in launching a new Lloyd's fund comes down to focusing on the wrong aspect.
The European Insurance and Occupational Pensions Authority (Eiopa) has called for additional capital charges for European insurers’ transition-exposed assets to help better align capital requirements with insurers’ actual risk exposures.
