WTW, building

Carriers finally ‘called time’ on rate reductions: Willis

2018-02-19T12:41:00+00:00

“Already on the ropes and fatigued” (re)insurers have finally “responded to the towel entering the ring” to call time on rate reductions, according to a report from Willis Towers Watson.

National bank of greece guarded

Exin facing double deadline crunch in sprint to complete EUR720mn Ethniki deal

2018-02-16T08:36:00+00:00

Matt Fairfield’s inchoate pan-European insurer Exin is facing two separate deadlines - with one only days away - to buy Greece’s largest insurer, if Greek reports are correct.

Prem watsa

Fairfax takes $185mn wildfire hit as Allied World deal hits profits

2018-02-16T08:26:00+00:00

The wildfires that ravaged the state of California in the fourth quarter are expected to cost Fairfax - through its numerous subsidiaries - a total of $185.4mn.

506px one landmark square stamford night

Navigators storms ahead of analyst estimates with $24.5mn profit

2018-02-16T09:27:00+00:00

Navigators has reported a $24.5mn profit for the fourth quarter that significantly outstripped analyst expectations and was well ahead of the $17.7mn it reported this time last year.

Kanye west onstage

Lloyd’s carriers settle $10mn Kanye West lawsuit

2018-02-15T13:58:00+00:00

A number of Lloyd’s contingency insurers have settled a $10mn lawsuit involving rap star Kanye West who cancelled 21 tour dates claiming he was suffering from a debilitating illness.

New york skyline at twilight hour (26741311086)

JLT Re adds Davis to US cyber unit

2018-02-15T09:47:00+00:00

JLT Re has appointed Erica Davis as senior vice president to lead its North American cyber and E&O practice.

Zurich, Switzerland

Softbank looks for Swiss Re board seat

2018-02-19T09:43:00+00:00By

Softbank, the Japanese tech conglomerate that stunned markets last week after reports emerged it was mulling a $30bn stake in Swiss Re, is pushing for a seat on the carrier’s board in a bid to have a say in how the reinsurer spends its $161bn investment pot.

201 lloyds exterior

Lloyd’s legacy deals sealed by Enstar and R&Q

2018-02-19T08:34:00+00:00By

Randall and Quilter (R&Q) has completed a £30mn deal to take on the old Sportscover legacy book, now owned by Hamilton’s Lloyd’s platform in what is the second agreement of its type to be announced in less than a week.

nexus logo

Nexus appoints Panmure Gordon as it eyes stake sale

2018-02-16T15:35:00+00:00By

London-based managing general agent Nexus has appointed investment bank Panmure Gordon as it ramps up efforts to sell a portion of the business, re-Insurance.com understands.

National bank of greece guarded

Exin facing double deadline crunch in sprint to complete EUR720mn Ethniki deal

2018-02-16T08:36:00+00:00

Matt Fairfield’s inchoate pan-European insurer Exin is facing two separate deadlines - with one only days away - to buy Greece’s largest insurer, if Greek reports are correct.

lloyd's

Nexus preps for sale by hiring ex-AmTrust CUO

2018-01-17T12:44:00+00:00

London-based specialty MGA Nexus has revealed plans to sell a portion of its equity as it announced that former chief underwriting officer for AmTrust’s Lloyd’s operation had joined to run its insurance and reinsurance operations.