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Accredited Surety and Casualty Company (ASCC), a subsidiary of Randall & Quilter Investment Holdings, has signed a loss portfolio transfer (LPT) agreement with Northern California Regional Liability Excess Fund (NCR) and Statewide Association of Community Colleges (SWACC). 3 July 2019
Life
Global re/insurer MS Amlin has appointed Rob Houghton as chief operating officer. He is expected to start in his role by mid-October and will be part of the executive team, reporting to the CEO, Simon Beale. 3 July 2019
News
The Bermuda Monetary Authority (BMA) has proposed amendments to the rules governing annual filing requirements for insurers. 2 July 2019
News
Hurricane losses, assignment of benefits (AOB) issues and adverse loss reserve development may be dampening the appetite of reinsurers for exposure to the Florida property market, according to an AM Best special report. 2 July 2019
News
Assured Guaranty Municipal Corp and Assured Guaranty (Europe) (AGE), financial guarantor subsidiaries of Bermuda-based Assured Guaranty, have entered an exclusive co-operation agreement with the Australian independent arranger and advisor, DTW Capital Solutions. 2 July 2019
ILS
Liberty Mutual has unlocked around $240 million of reinsurance capacity for its US property catastrophe program and global treaty property reinsurance business via an issue of insurance linked securities (ILS) on its Limestone Re platform. 2 July 2019
ILS
The insurance-linked securities (ILS) market is set to bounce back from the recent drop of interest, according to an S&P Global Ratings’ report. 1 July 2019
Life
Randall & Quilter II Holdings, a subsidiary of Randall & Quilter Investment Holdings, has signed an agreement to acquire the entire issued share capital of Sandell Holdings, including its subsidiary Sandell Re. 1 July 2019
Life
Sompo Holdings has created a global transactions group (GTG) to take overall responsibility for all M&A, intercompany transactions and joint ventures globally. 1 July 2019
ILS
Significant price weakness in the secondary cat bond market saw the ILS Diversified cat bond portfolio deliver negative returns in May, pulling overall fund performance into negative territory. 28 June 2019
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