Brexit Trade Negotiations Are Making ‘Good Progress’ December 3, 2020 By Gabriela Baczynska and John Chalmers BRUSSELS – European Union diplomats said on Thursday they hoped a Brexit trade deal with Britain could be agreed by...
Broker BMS Names Pope from Guy Carpenter as Executive Chairman in Latin America December 3, 2020 BMS Group, the independent specialist re/insurance broker, announced the appointment of Aidan Pope as executive chairman of its Latin American...
ILS Capital’s Prospero Re Gets Bermuda Regulator Nod to Write Traditional Reinsurance December 3, 2020 Prospero Re Ltd., a reinsurance company wholly owned by ILS Capital Management with $250 million in statutory capital, has received...
Tropical Cyclone Burevi Heads to Southern India After Ramming Sri Lanka December 3, 2020 By Waruna Karunatilake COLOMBO — The Burevi tropical cyclone is headed towards southern India, authorities said on Thursday, after it slammed Sri Lanka’s...
New Insurance Group Inigo Gets Approval from Lloyd’s to Start Underwriting in January December 3, 2020 Inigo Ltd., the new London insurance group that has raised $800m in start-up capital from a group of blue chip...
China Renews OK of Oceanwide’s Stalled $2.7 Billion Purchase of Genworth December 2, 2020 U.S.-based Genworth Financial Inc. reported that Chinese officials have renewed their approval of China Oceanwide Holdings Group’s acquisition of Genworth’s...
Fairfax Announces Sale of RiverStone Europe to Private Equity Firm CVC December 2, 2020 Fairfax Financial Holdings Ltd. announced it has entered into a binding agreement with CVC Capital Partners (CVC) to sell all...
Hub International Acquires Quebec-Based Seymour Alper December 2, 2020 Hub International Ltd., the Chicago-based insurance brokerage, announced that it has acquired Seymour Alper Inc. Terms of the transaction were...
Sri Lanka Evacuates 75,000 from East Coast on Threat of Cyclone Burevi December 2, 2020 By Waruna Karunatilake COLOMBO – Sri Lanka evacuated 75,000 people from homes on the east coast, where Tropical Cyclone Burevi, packing winds of...
AXIS Re Hires Willis Re’s Bangs as Head of Japan December 2, 2020 AXIS Re, the reinsurance business segment of AXIS Capital Holdings Ltd., announced the hiring of David Bangs as head of...