Aon Benfield has unveiled a new weather reinsurance product, WExcess, intended to mitigate adverse weather losses for UK insurers. Developed in collaboration with reinsurer Swiss Re and weather risk management specialists CelsiusPro, the ...
Tags: reinsurance product, Aon, reinsurance
Xchanging's insurance software business Xuber has launched a fully-integrated claims management service, to meet the needs of commercial insurer and reinsurer across the globe. Dubbed as Xuber Claims, the platform can be deployed ...
Tags: Xchanging, insurance software, Xuber
SCOR Global Life Americas has appointed Francisco de Toledo Neto as the new president of its Brazilian operations, SCOR Life Brazil, to tap the growing business opportunity of life-health reinsurance market in the country. Toledo joins ...
Tags: life health reinsurance market, reinsurance market, primary insurers
Everest Re Group has established a new Bermuda domiciled special purpose reinsurer, Mt. Logan Re, to provide collateralized capacity to the worldwide property catastrophe reinsurance market. With an initial funding of $50m, the company ...
Tags: reinsurer, reinsurance market, Everest Re, reinsurance marketplace
Dutch's paint and chemicals group Akzo Nobel has signed a longevity insurance deal worth €1.75bn with Zurich-based Swiss Re, under which the reinsurer's UK subsidiary ReAssure will write the UK pension funds of Akzo. As per the ...
Tags: Akzo Nobel, longevity insurance, ReAssure, Towers Watson
Larsen & Toubro (L&T) may enter into a strategic alliance with Zurich-headquartered Swiss Re to set up a health insurance joint venture (JV) in India. Sources familiar with the matter told Moneycontrol.com: "Swiss Re will pick up 26% ...
Tags: L&T, health insurance, Swiss Re
New York-based private equity firm, Southport Lane has completed acquisition of Redwood Reinsurance SPC, a Cayman Islands-based reinsurer for an undisclosed amount. Southport Re CEO Glenn Weber said the acquisition represents the ...
Tags: Southport Lane, insurance, reinsurance platform, liability insurance
UK based Pension Corporation, the specialist insurer which manages pension schemes’ risks, has raised nearly £300m by disposing some of its pension schemes to reinsurer Munich Re. The Munich Re arrangement has been initiated ...
Tags: Pension Corp, Pension Corporation, specialist insurer, pension schemes
UK based Pension Corporation, the specialist insurer which manages pension schemes’ risks, has raised nearly 300m pounds by disposing some of its pension schemes to reinsurer Munich Re. The Munich Re arrangement has been initiated ...
Tags: pension, insurance, pension scheme, Munich Re
Japanese multinational conglomerate Nomura is seriously mulling to dispose or refinance its ING’s insurance unit in Japan, particularly its variable annuity business, with an aim to boost its capital base. A consortium including ...
Tags: Nomura, capital base, ING, insurance
The UK's biggest insurer by market capitalisation, Prudential is in a deal with Swiss Re to purchase part of the latter's US life assurance business for 398m pounds in cash. The deal would be carried out through Prudential's subsidiary, ...
Tags: Prudential, Swiss Re, life assurance, insurance
Tower Group has accomplished its $75m investment in Canopius Group and subsequently acquired 10.7% of the ordinary share capital in the firm. Canopius, a privately owned Lloyd's of London insurance holding company offers insurance and ...
Tags: Tower Group, investment, Canopius Group, share capital, insurance
Randall&Quilter(R&Q)has signed an agreement to purchase the entire issued share capital of Alma Insurance Company,subject to change of control approval by the FSA. Under the terms of the accord,R&Q will pay 4.4m($7.05m)in cash for Alma ...
Tags: Alma Insurance, Randall&Quilter, R&Q