Randall & Quilter Investment Holdings Ltd. has agreed to acquire Royal London General Insurance Co., a UK non-life insurance company in run-off, from The Royal London Mutual Insurance Society Limited. According to R&Q, RLGI underwrote non-life insurance from 1985 to …
It may be wishful thinking – but some major reinsurers are hoping the bottom of the reinsurance cycle is at hand. Both Swiss Re and Hannover Re told journalists at this year’s reinsurance Rendez-Vous de Septembre in Monaco that they …
James Beedle will be appointed to the position of head of Asia-Pacific and CEO of Partner Reinsurance Asia Pte. Ltd. to head up PartnerRe’s business operations in that region. Subject to regulatory approval, Beedle will take up his position on …
Reinsurance broker JLT Re has named Matthew Carter as a partner in its London Market & International Division, which is led by Bill Bennett. Carter will be based in JLT Re’s London office. In his new role, Carter will be …
Weak profitability is likely to leave more reinsurers worldwide vulnerable to takeover in 2017, reinvigorating mergers and acquisition activity as healthier firms seek growth and efficiency savings, according to Fitch Ratings. Consolidation in the sector has stalled after a flurry …
Already equivalent to a Category 4 hurricane with maximum 10-minute sustained winds of 115 knots (212 km/h, 132 mph), super typhoon Meranti is expected to strengthen during the next few days and then make landfall on the coast of Fujian …
Axis Capital Holdings Ltd., the reinsurer seeking to grow its business after losing a bidding war for PartnerRe, is looking for more partnerships and may try another comparable takeover, its chief executive officer said. “PartnerRe was an example of a …
Global insurance broker Hub International Ltd. has acquired New Dimensions Underwriters Ltd. Based in Edmonton, Alberta, Canada, New Dimensions is a managing general agency. Russ Davis, the owner and president of New Dimensions, will join Hub Financial and be part …
General insurer RSA said that Jon Hancock, managing director of UK commercial lines and global broker relationship director, is leaving RSA to take up the role of director of Performance Management at Lloyd’s of London. Hancock has been at RSA …
Chubb announced that Jamie Keaney, formerly European Personal Risk Services underwriting manager, has been promoted to the new role of vice president and chief underwriting officer for International Personal Risk Services, as the company continues to expand its international high …
