Munich Re Reports Q2 Profit Increase of 90% July 21, 2021 Munich Re’s net profit in the second quarter rose around 90% from a year earlier, beating expectations and giving it...
Africa Specialty Risks Secures $10M of PVT Capacity from Atrium at Lloyd’s July 20, 2021 Africa Specialty Risks (ASR), the pan-African focused reinsurance managing general agent, announced it has secured an additional $10 million in...
Travelers Makes ‘Strategic Minority Investment’ in Fidelis Insurance Holdings July 14, 2021 The Travelers Companies said it has made a “strategic minority investment” in Fidelis Insurance Holdings, a privately-owned global specialty insurer...
QBE Re Opens Office in Colombia, Hiring Hofmann from Howden June 30, 2021 QBE Re announced the opening of a new Colombian office and a key regional hire to support local reinsurance in...
SCOR and Covéa Lay Down Legal Swords in Return to ‘Mutually Beneficial Relationship’ June 11, 2021 By L.S. Howard French mutual insurer Covéa and reinsurer SCOR finally laid down their legal swords this week – opting instead for “peaceful...
French Regulator Dismisses Covéa Market Abuse Charges Filed Against SCOR’s Kessler May 28, 2021 By L.S. Howard France’s financial markets regulator dismissed market abuse charges, which had been filed against SCOR’s Chairman and CEO Denis Kessler by...
Barclays Dragged into Bitter Feud Between SCOR and Covéa over Failed Hostile Takeover May 24, 2021 By Ellen Milligan Barclays Plc has been dragged into a bitter feud between two French insurers over its role in a failed hostile...
Africa Specialty Risks Launches Mauritius Reinsurer, Backed by PE Firm Helios May 21, 2021 Africa Specialty Risks (ASR), a reinsurance managing general agent focused on the African corporate and specialty market, announced it has...
Rousseau to Replace Kessler as CEO of SCOR, in Change to Succession Plan May 18, 2021 Denis Kessler, SCOR’s chairman and chief executive officer, has decided to step down, for personal reasons, from his role as...
UFG Insurance to Diversify Risk Profile by Expanding into Reinsurance Across U.S. March 23, 2021 By L.S. Howard UFG Insurance is looking to diversify across the U.S. by expanding into assumed reinsurance business – partly via quota share...