R&Q unveils second 2019 MGA program deal with KitsuneLondon-listed Randall & Quilter Investment Holdings Ltd (R&Q) has unveiled its second new European program underwriting transaction in under a week with an agreement to use its A- rated Malta subsidiary to front for the UK MGA Kitsune Ltd.
Losses from Cyclone Eleanor creep to EUR756mn: PerilsLoss aggregation firm Perils has pegged insured losses stemming from extratropical Cyclone Eleanor – also known as Burglind - at EUR756mn ($859.7mn).
Danish insurer Qudos declared bankruptUnrated Danish insurer Qudos Insurance has confirmed it has been declared bankrupt.
Compre given greenlight for Generali legacy dealLegacy specialist Compre has been granted regulatory approval from the Institute for the Supervision of Insurance in Italy to acquire two of Generali’s legacy books.
Argo Group unveils senior management restructureFormer AIG executive Matt Harris will lead Argo Group’s international operations as part of a wider restructure that also gives an elevated role to the head of the Americas, Kevin Rehnberg.
Liberty receives regulatory nod for Luxembourg hubLiberty Specialty Markets, has received a licence for its European insurance company Liberty Mutual Insurance Europe SE (LMIE) to operate from Luxembourg.
European P&C insurers face deteriorating CR in 2019European Property & Casualty insurers will likely experience a modest deterioration in combined ratios and investment returns in 2019.
CNA Hardy’s post-Brexit structure approvedCNA Hardy is the latest carrier this week to be given the green light for its Part VII transfer by the High Court of England and Wales.
Brexit – continuing to be heardLondon market lobbying group LMG says there is much work to be done ahead of “Brexit” regardless of what occurs in Westminster next week
Allianz shares dip as CEO eyes M&AShares in European Insurance heavyweight Allianz dipped today as investors contemplated an increased chance of a large-scale M&A deal.
Lloyd’s appoints Christian Noyer to Council and Brussels’ boardFormer French central bank governor Christian Noyer has been appointed non-executive director of the Lloyd’s Council, and independent non-executive director of Lloyd’s Brussels’ with effect from 2 November.
Danish insurer Qudos enters liquidation as M&A dispute gears upNew Nordic suing former owners Echelon for Eur 45.8mn following failure of settlement talks.
Scor launches Paris-based European insurer to mitigate Brexit falloutReinsurance powerhouse Scor has launched Scor Europe SE, a Paris-based P&C specialty insurance company designed to mitigate any business fallout following the UK’s departure from the European Union.
Mapfre invests $28.5mn in Madrid-based tech venture fundSpanish (re)insurer Mapfre is to invest EUR25mn ($28.5mn) in Madrid-based B2B tech venture fund Alma Mundi Insurtech Fund.
Arch names Sturgess international insurance CEOArch has named Hugh Sturgess as CEO of Arch Insurance International, effective 1 January 2019, succeeding Matt Shulman, who was recently named CEO of Arch Insurance North America.
Generali shares rise on new strategic planItalian insurance heavyweight Generali has pledged to pay higher dividends while unveiling a plan today to extend its global reach into the higher-growth markets of Asia and Latin America.
High Court approves TME’s Part VII transferThe High Court of England & Wales has approved the so-called Part VII process for Lloyd’s insurer Tokio Marine Kiln (TMK) to transfer its portfolio of Continental European liabilities to its new Luxembourg subsidiary, Tokio Marine Europe SA (TME).
It’s a (draft) deal! But what does it mean…?Confused by EU-UK developments last week? Chris Bryant, Bryan Cave Leighton Paisner, explains what the draft deal means for London market insurers writing EU business…
Lloyd’s: Europe is a growth market despite BrexitDespite the UK’s fast-approaching exit from the European Union, Lloyd’s chairman Bruce Carnegie-Brown says the market is targeting future growth in the European Economic Area higher than the industry average.
Scor confirms belated resignation of Covea‘s DerezScor has won another round in in its fight for independence with news today that non-executive director Thierry Derez has resigned from the reinsurer’s Board.