Sailboat in the Hamilton, Bermuda, harbor copy

Apollo launches new Bermuda reinsurer Acra Re

2018-08-14T15:06:00+01:00

Heavyweight investment firm Apollo Global Management has formed a new Bermudian (re)insurer, which is expected to be used as a platform for writing large P&C and life trades, re-Insurance.com can reveal.

London, city, Aspen and QBE, Plantation Place

Up-for-sale Aspen awards CFO Kirk $2mn retention bonus

2018-08-14T21:55:00+01:00

Aspen’s group CFO Scott Kirk has been awarded a long-term retention bonus of $2mn only months after his “change of control” golden parachute payment entitlement was increased.

Royal Courts of Justice, London

Exin Capital faces being wound up by HMRC in court tomorrow

2018-08-14T15:24:00+01:00

Matt Fairfield’s beleaguered Exin is expected to enter liquidation tomorrow (15 June) following a wind-up petition being issued by HM Revenue & Customs.

Lloyd's, City of London

Managing agents call for increased ILS capital at Lloyd’s

2018-08-14T15:31:00+01:00

Lloyd’s managing agencies overwhelmingly support ILS becoming a permanent fixture within the Corporation, a survey by the LMA has found.

Car collision copy

Bain Capital to buy Esure in $1.2bn acquisition

2018-08-14T10:36:00+01:00

Private equity firm Bain Capital has agreed terms to takeover UK-listed motor insurer Esure in a $1.2bn deal. 

London, city, Aspen and QBE, Plantation Place

Up-for-sale Aspen awards CFO Kirk $2mn retention bonus

2018-08-14T21:55:00+01:00

Aspen’s group CFO Scott Kirk has been awarded a long-term retention bonus of $2mn only months after his “change of control” golden parachute payment entitlement was increased.

Royal Courts of Justice, London

Exin Capital faces being wound up by HMRC in court tomorrow

2018-08-14T15:24:00+01:00

Matt Fairfield’s beleaguered Exin is expected to enter liquidation tomorrow (15 June) following a wind-up petition being issued by HM Revenue & Customs.

Lloyd's, City of London

Managing agents call for increased ILS capital at Lloyd’s

2018-08-14T15:31:00+01:00

Lloyd’s managing agencies overwhelmingly support ILS becoming a permanent fixture within the Corporation, a survey by the LMA has found.

Car collision copy

Bain Capital to buy Esure in $1.2bn acquisition

2018-08-14T10:36:00+01:00

Private equity firm Bain Capital has agreed terms to takeover UK-listed motor insurer Esure in a $1.2bn deal. 

AmTrust-champagne-bottle

Maiden’s voyage

Bermuda’s Maiden has veered off course and appears to be going in a very different direction.

Bermuda, Hamilton

Aspen cedes 50 percent more premium to reinsurers

Up-for-sale Bermudian Aspen reported a small second quarter earnings miss yesterday (1 August) while revealing the impact of a major de-risking of its gross exposures following last year’s heavy losses.

XL-homepage

XL begins de-risking ahead of Axa takeover

XL Group has accelerated the de-risking of its book by ceding more business to reinsurers and significantly reducing its maximum loss exposures to US cat events, re-Insurance.com’s analysis of the Bermudian firm’s second quarter results shows.

AmTrust-champagne-bottle

Maiden’s voyage

Bermuda’s Maiden has veered off course and appears to be going in a very different direction.

Bermuda, Hamilton

Aspen cedes 50 percent more premium to reinsurers

Up-for-sale Bermudian Aspen reported a small second quarter earnings miss yesterday (1 August) while revealing the impact of a major de-risking of its gross exposures following last year’s heavy losses.

XL-homepage

XL begins de-risking ahead of Axa takeover

XL Group has accelerated the de-risking of its book by ceding more business to reinsurers and significantly reducing its maximum loss exposures to US cat events, re-Insurance.com’s analysis of the Bermudian firm’s second quarter results shows.



Aspen clock noon

Aspen’s high noon fast approaches

The six months of uncertainty for up-for-sale Bermudian carrier Aspen will end soon - and perhaps even as early as this time next week, sources close to the company suggest.

XLs-1-100-Net-Probable-Maximum-Loss1-by-peril-region

De-risking dominates in Q2 reporting season

After last year’s painful losses, de-risking is the flavour of the day as (re)insurers reduce their cat aggregates, buy more reinsurance and retro and slash underperforming business lines.

Johnson

Talcum powder asbestos isn’t keeping insurers awake at night

Asbestos. Just the utterance of the word is enough to make a casualty underwriter wake up in a cold sweat. 

Aspen clock noon

Aspen’s high noon fast approaches

The six months of uncertainty for up-for-sale Bermudian carrier Aspen will end soon - and perhaps even as early as this time next week, sources close to the company suggest.

XLs-1-100-Net-Probable-Maximum-Loss1-by-peril-region

De-risking dominates in Q2 reporting season

After last year’s painful losses, de-risking is the flavour of the day as (re)insurers reduce their cat aggregates, buy more reinsurance and retro and slash underperforming business lines.

Johnson

Talcum powder asbestos isn’t keeping insurers awake at night

Asbestos. Just the utterance of the word is enough to make a casualty underwriter wake up in a cold sweat.