Global insurance trends

DARAG Agrees Deal With Unipol on Run-Off Management

The latest from Darag, who have a new deal agreed with Unipol; DARAG Group (“DARAG” or “the Group”), a leading legacy acquirer with a focus on the European market, has announced the signing of a […]

Insurance Brokers

Sompo Completes on EAL Run-Off

Sompo International, a leading global provider of commercial and consumer property and casualty (re)insurance, announced today that following regulatory approval from the UK Prudential Regulation Authority, it has now completed the transfer of its Endurance at Lloyd’s […]

News

Deals: Compre To Acquire Covea’s MIC

Compre, the Bermuda headquartered international legacy group, today announces it has signed agreements to acquire the Irish subsidiary of Covéa, Medical Insurance Company DAC (MIC), which provided general liability insurance covering professional medical malpractice risks. […]

Global insurance trends

Marco Looks at EU-Wide Run-Off Opportunities, Via Malta Base

Marco Capital Holdings Limited – who recently bought the British Reserve Insurance run-off from Allianz – has launched in Europe’s P&C run-off market. Based in Malta, Marco will pursue run-off opportunities located in/emanating from the […]

Insurance & Reinsurance

NN Group Transfers Long Term Pension Exposure, Improves Solvency Ratio

NN Group (NN) announces today that its subsidiary NN Life has completed three transactions to transfer the full longevity risk associated with in total approximately EUR 13.5 billion of pension liabilities in the Netherlands. This […]

Lloyd's/London Market

American Financial Group Says it Plans to Exit Lloyd’s Market

American Financial Group, Inc. (NYSE: AFG) announced that it plans to exit the Lloyd’s of London insurance market in 2020. It has initiated actions to place its Lloyd’s subsidiaries including its Lloyd’s Managing Agency, Neon […]

Global insurance trends

Deals: AIG Sells Fortitude Re to Carlyle Management Fund

Latest news from the Business Wires for you; American International Group, Inc. The Carlyle Group and T&D Holdings, announced that a newly created Carlyle-managed fund, together with T&D, have partnered to acquire from AIG a […]

Lloyd's/London Market

Lloyd’s Market: VIBE Syndicate Heads into Run-Off Mode

The board of VIBE Syndicate Management (“VIBE”), announced today that, effective 31 December 2019, Syndicate 5678 at Lloyd’s will be placed into a planned run-off. Joe England, CEO, said: “It was with considerable regret that our board reached the […]