Reinsurance
Brexit Threatens 10 Percent of London’s Financial Jobs: London Official
Up to 10 percent of jobs in London's financial district may be lost if Britain fails to secure adequate access to European Union markets after Brexit, a City of London official said on Wednesday. ...
2017 Predictions Part III: Motor-Cyber, India Reinsurance and More
Insurers and reinsurers continue to look for organic growth where they can find it – sometimes from emerging risks and sometimes from emerging markets. As always, the keys to success are market ...
Enstar Debuts KaylaRe, a Reinsurer Focused on Specialty Coverage
KaylaRe is hitting the market, a new carrier focused on global specialty reinsurance coverage backed largely by Enstar. The Class 4, Bermuda-based reinsurer debuts with $620 million in capital, $300 ...
Guidewire Grabbing ISCS for $160M, With an Eye on the Cloud
Guidewire, a software company focused on the P/C industry, will buy a tech outfit specializing in cloud computing for about $160 million in cash. The acquisition also helps it access the small ...
Greenlight Capital Re CEO Hedges to Depart; Goldberg Will Return in Interim Capacity
Greenlight Capital Re disclosed that CEO Barton Hedges will be stepping down at the end of March 2017. News of his impending departure comes weeks after A.M. Best slapped the struggling specialist ...2017 Predictions Part I: Brexit Opportunities and More M&A to Come
M&A and Brexit will be major factors for the global insurance/reinsurance industry over the coming year, according to predictions from the insurance team at the international law firm Clyde & ...
Executives On The Move at Aspen, Guy Carpenter and More
Aspen Insurance Holdings promoted an executive to the newly-created role of Group Chief Operating Officer. Guy Carpenter & Co. appointed a veteran executive to the newly-created role of ...
Dwindling Investment Returns, Heavy Competition Erode Insurance Industry Fundamentals
The ongoing pressures of diminishing investment returns, dwindling loss reserves and intense competition are beginning to erode industry fundamentals, cautioned A.M. Best in a special report titled ...