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PRA to improve Solvency II directive

The Prudential Regulation Authority (PRA) has revealed it is to make improvements the Solvency II directive, less than two years after its implementation date

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Andrew Sissel joins ICS

Innovative Captive Strategies (ICS), the captive programme of Holmes Murphy, has appointed Andrew Sissel as senior investment analyst

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Incumbents and start-ups working together is key to insurance innovation

Incumbents and start-ups working together in harmony is key to achieving the best possible innovation in the insurance sector, attendees heard at this year’s Guernsey Insurance Forum in London

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Aggregated losses from catastrophes to reach $100bn, says WTW report

The ILS market is ready to deal with the increasing rate of natural disasters, despite the fact that aggregate losses from catastrophes in Q3 2017 are likely to reach $100 billion, according to a market update from WTW Securities

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EU-US Covered Agreement a ‘good step’, says A.M. Best

The signing of the EU-US Covered Agreement is a “good step” for EU and US reinsurers, but full implementation could take up to five years, according to A.M. Best

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Apex expands offering outside of Bermuda

Apex Group will be managing the move through its newly rebranded Apex Insurance Fund Services, formerly known as Equinoxe Alternative Investment Services

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UK’s ILS legislation to be in place for January renewals

Malcolm Newman, CEO of Scor’s London hub and sponsor of the London Market Group’s (LMG) ILS Taskforce is “cognisant of the time pressures if ILS applications are to be made in time for 1 January renewals”

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Centaur Fund Services adds ILS head

Centaur Fund Services has appointed IC Condat as its head of insurance linked-securities (ILS), based in the firm’s Bermuda office

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Roundstone and HUB team up on captive programme

Roundstone Management and HUB International have partnered up to create self-funded medical captive programmes

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Sun Life and Pareto launch stop-loss group captive

Sun Life and Pareto Captive Services have teamed up to establish a new stop-loss group captive solution, Legend Re

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DARAG names new CEO of its Italian operation

European run-off insurance company DARAG has appointed Tullio Ferrucci as CEO of DARAG Italia, following the acquisition of ERGO Assicurazioni

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Cybercrime losses set to increase, says cyber risk expert

Losses from cybercrime are only likely to increase because of far-reaching global connectivity, warned James Trainor, Aon’s senior vice president of cyber solutions

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