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UK treasury committee launch Solvency II inquiry

The UK’s treasury committee has raised concerns about the EU’s Solvency II directive...

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“Excellent” ratings for Vitol Holdings captive

A.M. Best has affirmed the financial strength ratings of “A (Excellent)” and the long-term issuer credit rating of “a” of Rembrandt Insurance Company, located in Bermuda...

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Kattan Associates gets Greenlight

Greenlight Reinsurance Ireland, a subsidiary of Greenlight Capital Re, has appointed Kattan Associates Limited to develop business opportunities in the European and Asian markets on its behalf...

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Crosswinds Re domiciles in the Cayman Islands

Crosswinds Re, a new specialty reinsurance business vehicle established by Crosswinds Holdings, has received approval from the Cayman Islands Monetary Authority as a class B reinsurer...

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UK government hints at 2017 ILS implementation

The London Market Group (LMG) has confirmed the UK government’s plans to implement an insurance linked-securities (ILS) strategy for early 2017...

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Reinsurance demand continues to rise, says Aon

Reinsurance demand has increased over the past 18 months and the trend is expected to continue for the rest of 2016, according to a new Aon report...

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PwC: insurance industry facing “perfect storm”

The industry is facing a “perfect storm” of soft rates, low investment yields and new regulation, as well as feeling the impact of new technology, shifting customer expectations and the threat of losing margins to "nimble" insurtech entrants, acc

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PwC: increase in business run-off activity

Exit or restructuring activity in on the up, according to a PwC survey, with 77 percent of respondents saying they expect to engage in it by 2019...

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Willis Re upgrades cyber management tool

Willis Re has launched an update of its cyber risk portfolio-modelling tool, PRISM-Re at the annual Monte Carlo Rendez-Vous...

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Aon sees decrease in cat bond transactions

A total of 24 catastrophe bond transactions closed during a 12-month period, ending 30 June this year, with a limit of $5.2 billion, a decrease of $7 billion on the previous period, according to Aon Securities...

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EID receives ‘excellent’ ratings

A.M. Best has affirmed the financial strength rating of “A (Excellent)” and the long-term issuer credit rating of “a” of Eni Insurance Designated Activity Company (EID)...

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Aon: Global reinsurance capital up by 4 percent

Aon Benfield estimates that total global reinsurance capital increased by 4 percent to a record $585 billion over H1 2016...

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