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Life

R&Q makes another acquisition and warns more to come

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 creates global transactions group

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

ILS Diversified posts negative performance in May

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

News

PwC names the date for insurance summit in Bermuda

The PwC Insurance Summit will take place in Bermuda on November 7, 2019. 28 June 2019

News

Monument Re completes acquisition of Nordben

Monument Re has completed ITS acquisition of Nordben Life and Pension Insurance from BenCo Insurance Holding. 27 June 2019

Life

Hiscox underwriting chief retires but retains position on reinsurance and ILS board

Richard Watson is to step down from his role as chief underwriting officer at Hiscox. 27 June 2019

News

NAIC revises credit model rules

The National Association of Insurance Commissioners (NAIC) has revised the Credit for Reinsurance Model Law and Credit for Reinsurance Model Regulation, bringing them into line with arrangements in place for the European Union and United Kingdom. 27 June 2019

News

AIR updates its catastrophe models for Europe and New Zealand

Catastrophe risk modeling firm AIR Worldwide (AIR) has made a number of changes to its risk models. 26 June 2019

News

American Overseas Reinsurance commutes part of its reinsurance portfolio

American Overseas Reinsurance Company (AORC), the operating subsidiary of American Overseas Group (AOG), has entered a commutation, reassumption and release agreement with Assured Guaranty Municipal Corporation (AGM). 26 June 2019

News

Aerial imagery to deliver faster verdicts for Brit clients

Brit, the specialty re/insurer, has partnered with industry consortium Geospatial Intelligence Center (GIC), a National Insurance Crime Bureau (NICB) initiative, to obtain access to aerial imagery that it says will help it deliver quicker and more accurate resolution to clients. 26 June 2019

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