Greenlight

Greenlight Re garners interest for live transaction

2019-08-21T19:59:00+01:00

Greenlight Re is drawing approaches from potential buyers thought to include Topsail Re and Sirius that are interested in pursuing a live transaction that would keep the hedge fund reinsurer from going into run-off, The Insurer can reveal.

Eichorn – Denali

Eichhorn launches MGA and wholesaler Denali Specialty

2019-08-21T15:58:00+01:00

Former Keating and Breckenridge executive Michael Eichhorn has launched a new MGA and wholesale brokerage platform called Denali Specialty Group, The Insurer can reveal.

Ken Randall – R&Q

R&Q provides legacy reinsurance for a Bermuda domiciled captive

2019-08-22T06:42:00+01:00

London-listed legacy and programme specialist R&Q has issued loss portfolio transfer reinsurance for a US-based airline via its wholly owned A- admitted carrier, Accredited Surety and Casualty Company.

CRC Group Wholesale & Specialty

CRC adds Swain as ExecPro director in LA

2019-08-21T22:42:00+01:00

Wholesale broker CRC has hired Sebastian Swain from Beazley as director in its ExecPro management and professional liability group.

Hurricane Season

TransRe fronts for Fermat on flat FHCF renewal

2019-08-21T21:58:00+01:00

There was confirmation of TransRe’s fronting arrangement for Fermat Capital Management as the ILS fund significantly upsized its participation on the excess of loss reinsurance cover for the Florida Hurricane Catastrophe Fund (FHCF).

Eichorn – Denali

Eichhorn launches MGA and wholesaler Denali Specialty

2019-08-21T15:58:00+01:00

Former Keating and Breckenridge executive Michael Eichhorn has launched a new MGA and wholesale brokerage platform called Denali Specialty Group, The Insurer can reveal.

Ken Randall – R&Q

R&Q provides legacy reinsurance for a Bermuda domiciled captive

2019-08-22T06:42:00+01:00

London-listed legacy and programme specialist R&Q has issued loss portfolio transfer reinsurance for a US-based airline via its wholly owned A- admitted carrier, Accredited Surety and Casualty Company.

CRC Group Wholesale & Specialty

CRC adds Swain as ExecPro director in LA

2019-08-21T22:42:00+01:00

Wholesale broker CRC has hired Sebastian Swain from Beazley as director in its ExecPro management and professional liability group.

Hurricane Season

TransRe fronts for Fermat on flat FHCF renewal

2019-08-21T21:58:00+01:00

There was confirmation of TransRe’s fronting arrangement for Fermat Capital Management as the ILS fund significantly upsized its participation on the excess of loss reinsurance cover for the Florida Hurricane Catastrophe Fund (FHCF).



2 Trucks

Commercial auto rate hikes overtake loss costs

US insurers are indicating the road ahead for commercial auto is smoother than in recent years, despite no slow down in the loss cost trends that have made it such an unprofitable line.

Capital One – Cyber attack

Commentary: cyber alarm cries get louder

The recent Capital One breach is not close to a market changing event for cyber underwriters – but other warning signs are emerging that this growing line of business could be heading for a fall.

Lloyds-hurricane

Analysis: Jebi and Michael deterioration hits Lloyd’s big guns in latest syndicate forecasts

A number of heavyweight Lloyd’s (re)insurers have posted worsening 2018 results because of a deteriorating claims experience from Japan’s Typhoon Jebi and the US’ Hurricane Michael but in contrast the market’s 2017 result continues to improve, analysis of the latest syndicate forecast returns by The Insurer has shown.

2 Trucks

Commercial auto rate hikes overtake loss costs

US insurers are indicating the road ahead for commercial auto is smoother than in recent years, despite no slow down in the loss cost trends that have made it such an unprofitable line.

Capital One – Cyber attack

Commentary: cyber alarm cries get louder

The recent Capital One breach is not close to a market changing event for cyber underwriters – but other warning signs are emerging that this growing line of business could be heading for a fall.

Lloyds-hurricane

Analysis: Jebi and Michael deterioration hits Lloyd’s big guns in latest syndicate forecasts

A number of heavyweight Lloyd’s (re)insurers have posted worsening 2018 results because of a deteriorating claims experience from Japan’s Typhoon Jebi and the US’ Hurricane Michael but in contrast the market’s 2017 result continues to improve, analysis of the latest syndicate forecast returns by The Insurer has shown.



Tony Ursano – NYIF 2019

Ursano appointment signals more deals at Hamilton

Tony Ursano’s return to the market as Hamilton Insurance Group CFO after his recent TigerRisk exit may from the outside look a little left field. But the appointment of a deal maker suggests the Bermudian may not be done with M&A after its transformative Pembroke and Ironshore Europe transaction.

Bermuda, Hamilton

The Insurer comment: Bermuda bellwether for market again

For a small island some 800 miles off the Carolinas, Bermuda has punched above its weight to carve out a position as a key (re)insurance center over the last 35 years.

Swiss Re Corporate Solutions

Other People’s Payback…

A veteran underwriter provided The Insurer with a succinct definition of one of those rare phenomena: a hard market.

Tony Ursano – NYIF 2019

Ursano appointment signals more deals at Hamilton

Tony Ursano’s return to the market as Hamilton Insurance Group CFO after his recent TigerRisk exit may from the outside look a little left field. But the appointment of a deal maker suggests the Bermudian may not be done with M&A after its transformative Pembroke and Ironshore Europe transaction.

Bermuda, Hamilton

The Insurer comment: Bermuda bellwether for market again

For a small island some 800 miles off the Carolinas, Bermuda has punched above its weight to carve out a position as a key (re)insurance center over the last 35 years.

Swiss Re Corporate Solutions

Other People’s Payback…

A veteran underwriter provided The Insurer with a succinct definition of one of those rare phenomena: a hard market.