Aspen Reinsurance's capital markets division has established a new special purpose insurer called Silverton Re to offer additional collateralized capacity to support Aspen Re's global reinsurance business. Bermuda domiciled Silverton Re ...
Tags: Aspen Reinsurance, new special purpose insurer, Silverton Re
Xuber, Xchanging’s insurance software business, has been selected by Everest Reinsurance Company (“Everest Re”) to implement Xuber for Reinsurers in place of its existing legacy system. The deal marks the first customer to ...
Towers Watson, a US-based risk and financial management firm, has completed the sale of its reinsurance brokerage business to Jardine Lloyd Thompson (JLT) in an all-cash deal of $250m. The Towers Watson brokerage operations will be merged ...
General Insurance Corporation (GIC Re), the Indian government owned sole reinsurer, is seriously considering expanding reinsurance business beyond domestic boundary through the acquisition of some Lloyd’s syndicates. Speaking at a ...
Tags: GIC Re Eyes, Service, Syndicates
A unit of Aspen Insurance Holdings Limited (AHL), Aspen Reinsurance (Aspen Re) has established a new division, known as Aspen Capital Markets, to expand its footprint in the alternative reinsurance market. Aspen Re chief executive officer ...
Tags: Aspen Re, Capital Markets
Aurigen USA Holdings has acquired Brokers National Life Assurance from Ameritas Life Insurance, following the receipt of approval from concerned regulatory bodies. Financial terms of the transaction remain undisclosed. Originally inked ...
Tags: Aurigen Capital, Life Assurance
Aurigen Capital has signed a definitive agreement to acquire Brokers National Life Assurance Company from Ameritas Life Insurance. Under the terms of the agreement, Aurigen Capital's unit Aurigen USA will buy Brokers National Life ...
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
Bermuda-based RenaissanceRe has established a new Bermuda domiciled special purpose insurance vehicle, Upsilon Reinsurance II (Upsilon Re II), to offer additional capacity to the reinsurance market worldwide. The new special purpose ...
Tags: Renaissancere, Special Purpose Insurance, Insurance, Service
Bermuda-based RenaissanceRe Holdings has established Timicuan Reinsurance III Limited (Tim Re III), to offer additional reinsurance capacity for the Florida homeowners market. According to the company, Tim Re III has been capitalized with ...
Clearwater Analytics and Brown Brothers Harriman & Co. (BBH) have signed a joint servicing relationship agreement. The agreement combines global custody services, specialized investment management and banking from BBH as well as ...
Tags: Clearwater Analytics, joint servicing, Brown Brothers Harriman
Italy-based Generali is contemplating to dispose its US life reinsurance business, thus paving a way to exit from US underwriting market. Italian largest insurer by annual premiums has appointed Citigroup to counsel it on the proposed ...
Tags: insurance, life reinsurance, reinsurance, increase