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New reinsurers group formed in Cayman

A group of reinsurance companies located in the Cayman Islands have formed a new industry group, the Cayman International Reinsurance Companies Association

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R&Q acquire Marillac Insurance Company

Randall & Quilter II Holdings has completed the acquisition of Marillac Insurance Company, the Cayman captive insurer of Verity Health System of California

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Fleming Re establishes reinsurance facility with BevCap

Fleming Re insurance, a Bermuda-based class 3A insurance company, has established a custom reinsurance facility with BevCap P&C Protected Cell

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R&Q set to acquire Vibe Group

Randall & Quilter II Holdings has signed an agreement to acquire the entire issued share capital of Vibe Services Management, Vibe Corporate Member and Vibe Syndicate Management

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Japan’s reinsurance equivalence with EU to end 31 December

Japan’s temporary equivalence with respect to reinsurance granted by the European Commission is scheduled to expire on 31 December 2020, in accordance with the Solvency II Directive

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BMS hires Manuel Almenara in Latin America

Almenara will work closely with Aidan Pope, executive chairman, and Jose Astorqui, CEO of BMS Latin American and Caribbean

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Wilton set to acquire Isle of Man captive manager

Wilton, an independent professional services, investments and pensions firm, has agreed to acquire Isle of Man Assurance, IOMA Horizons and Isle of Man Insurance Management, subject to regulatory approvals

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International Re partners with admitted insurer Cimarron Insurance

Rolling out over the next 12 months, International Re and Cimarron Insurance will underwrite a range of admitted property and casualty lines of business

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DARAG completes acquisition of Arisa Assurances in Luxembourg

Legacy acquirer DARAG Group has completed the acquisition of Arisa Assurances, an automobile and travel insurance company previously owned by ADAC Versicherung

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European Commission launches ‘in-depth investigation’ over Aon and WTW merger

The European Commission has opened an in-depth investigation to assess the proposed acquisition on Willis Towers Watson by Aon over concerns that the proposed transaction could significantly reduce competition in those markets

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WTW teams up with Polecat Intelligence on emerging risks

Willis Towers Watson has partnered with Polecat Intelligence, social business intelligence and data analytics company, to develop insurance solutions that enable organisations to respond to emerging risks

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AXA XL appoints Alex Barker

Alex Barker has been appointed to lead AXA Xl’s aviation insurance business in Canada

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