New Re/Insurer ‘Vantage Risk’ Launches, Led by Former Arch, AXA XL Executives December 3, 2020 A new re/insurance group, called Vantage Group Holdings Ltd., has launched with $1 billion of equity capital, provided by private...
AXA’s Chief Risk and Investment Officer Says Biodiversity Loss Among ‘Very Top Risks’ December 3, 2020 By Alastair Marsh AXA Group’s chief risk and investment officer, Alban de Mailly Nesle is required to ponder myriad dangers to the Paris-based...
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...