PCS has stated that it is planning to launch its latest global specialty lines loss aggregation solution for terror in the first quarter of 2018. 5 January 2018
Bermuda-based Sompo International has announced that its US Insurance platform is to buy the operating subsidiaries of independent surety insurer Lexon Surety Group. 4 January 2018
XL Group has promoted Fielding "Fid" Norton to group chief enterprise risk officer, replacing Jacob Rosengarten, who has retired on December 31, 2017. 4 January 2018
P&C run-off insurance business Armour has announced that it has raised up to $500 million in equity commitments to fund the formation of a new reinsurance group, Armour Group. 3 January 2018
Qatar Reinsurance Company (Qatar Re) has announced that it has signed an agreement to buy a number of Gibraltar-based insurance companies from Markerstudy, which underwrites more than 5 percent of the UK motor insurance market. 3 January 2018
Bermuda-based Validus has issued its first catastrophe bond. Listed on the Bermuda Stock Exchange (BSX) the bond will be issued via Tailwind Re, a newly created special purpose insurer. 3 January 2018
Randall & Quilter Investment Holdings (R&Q) has acquired Constantia Insurance Company (Guernsey), a captive company currently in run-off, from Old Mutual. 2 January 2018
Enstar Group has announced that one of its wholly-owned subsidiaries has entered into an agreement to reinsure a portfolio of Allianz’s run-off business as from December 31, 2017. 2 January 2018
AGER Bermuda Holding, the holding company of Athene Holding’s European operations, has announces its deconsolidation from Athene Holding. 2 January 2018
RenaissanceRe Holdings has conducted a preliminary assessment of how it will be impacted by the Tax Cuts and Jobs Act of 2017, which was passed by both houses of the United States Congress on December 20, 2017. 2 January 2018
