week commencing 06/01/19:

Happy New Year and welcome to a weekly round-up that is free of the words “Brexit”, “vegan”, or “dry”! The PR Gurus of Luther Towers are rested up and back in action with looser belts and lighter purses. Take a look at our picks of the first stories of 2019.


China Re completes purchase of Chaucer Holdings
In a move that significantly increases their global footprint, China Re has finalised its acquisition of Chaucer from Hanover Re. External-link [Reactions]


Neon renews UK’s first ILS vehicle
Neon has renewed its NCM Re sidecar, bringing in new investors to raise $77m.  External-link  [The Insurer]


Wildfires leave insurers out of pocket
According to Munich Re’s annual report, insurers face a fierce and growing threat in coming years as climate change leads to more forest fires and natural disasters. External-link [The Times]


China: health insurance industry boosted by private wealth
Health insurance has overtaken life insurance as the fastest growing category in China as the wealthy seek to top up the state’s minimal provisions. External-link [Financial Times]


Carlyle Group closes Sedgwick purchase
The Carlyle Group has finalised its acquisition of Sedgwick from KKR and assorted shareholders. External-link [Reactions]


January renewals deliver limited rate changes
Re/insurers were given a mixed bag in the 1st January renewals, with increased rates largely limited to classes that saw significant losses last year or low-performance areas. External-link [Reactions]


India: insurer risk management boosted by new regulations
New reinsurance regulations will support insurers’ management of underwriting performance and risk by improving their access to a wider reinsurance pool. External-link [Asian Insurance Review]


Brit to invest in Sutton Special Risk
Brit has announced a “significant, strategic investment” in Sutton Special Risk in a move aimed at increasing their global reach. External-link [Insurance Business Magazine]


China: caution abounds despite recent sector liberalisation
Despite more moves on the part of China’s insurance regulator to further open up the sector, international players will exercise caution in their approach. External-link [Asian Insurance Review]


Start-ups have a lot to learn from the Rolling Stones
There was arguably more to the world’s biggest ever rock band than sex, drugs and rock ‘n’ roll. Apparently, start-ups could learn a thing or two… External-link [1843 Magazine]


Note:

External-link. External links are being provided as a convenience to relevant content; they do not constitute an endorsement or an approval by Luther Pendragon of any of the services or opinions of external content. Luther Pendragon is not responsible for the accuracy, legality or content of these external sites. Please also note that some external content may require a subscription to view.