The Japanese insurance giant has completed its purchase of Endurance through a Bermudian subsidiary.
The deal will see Novae cede 50% of its North American property catastrophe reinsurance book to Fidelis.
Oil Insurance Ltd is handing back $250m to its members after the energy industry mutual posted net profit of $210.4m in 2016.
Swiss Re’s latest Sigma report finds Japanese earthquakes produced the largest losses of the year, although numerous countries struggled with underinsurance.
As trains carrying volatile substances cross the New York landscape, the state makes another plea to the Federal government which may end up falling on deaf ears.
Steven Carlsen takes over from LeStrange as Brad Emmons is handed the role of chief executive.
Acappella Syndicate 2014 has promoted Jim Quinn and Matthew Bellamy to new positions.
NFIP premiums in the state could rise significantly if new flood maps are put into place and subsidies lowered.
Shifting risks to cities means that businesses can increasingly lose money even if they are not directly impacted by a catastrophe.
Africa Re’s group managing director and CEO, Corneille Karekezi, gives his perspective on the outlook for the continent’s reinsurance markets.
Willis Re’s chief executive John Cavanagh remains optimistic at his company’s future growth prospects even though market conditions are tough.
Developing products that actually meet the needs of those in emerging economies, as well as creating reliable and user-friendly ways of both paying premium and collecting claims, will all determine whether the multi-company multi insurance venture incubator is a success, says Aspen’s Mario Vitale.
Hiscox Re has scaled back at recent renewals, reducing its concentration on property catastrophe.
Novae can start considering acquisitions rather than being acquired since share value has soared above book value, Novae’s CEO tells Reactions.
Interview: The top threat to catastrophe reinsurer RenaissanceRe’s new CEO Kevin O'Donnell maintaining his predecessor’s enviable returns is a flood of alternative reinsurance capacity settling for single-digit returns. He is bullish about RenRe's future.
Interview: The National Flood Insurance Program (NFIP) is unsustainable, says Swiss Re’s Americas CEO Eric Smith. He and others are now suggesting that the private sector needs to take up some of the burden to ensure flood protection remains in the US.
Interview: Swiss Re’s Canada CEO believes consolidation among Canadian insurers will boost reinsurance demand as well as kick-start cat bonds. Insurers are also looking for reinsurance as a result of onerous new solvency requirements for BC earthquake.
Interview: Inga Beale says Singapore is going to a big area of strategic growth for Lloyd’s insurer and reinsurer Canopius, as less business makes its way to the London market.