week commencing 01/12/19:

This week, Canada’s Justin Trudeau learned the perils of speaking candidly while within range of a microphone – to which Donald Trump responded with characteristic braggadocio – and Peleton divided audiences. The team at Luther has been hard at work separating those who make news from those who fake news. Here’s what we found.


Catalina poised to finalise deal

Bermuda-headquartered Catalina is set to buy Asia Capital Re. The deal would see the Singapore-based reinsurer go into run-off. Sources say the deal could be finalised any time now. External-link. [Reinsurance News]


More insurers give coal the cold shoulder

According to pressure group Unfriend Coal, 10 more insurers have restricted cover available to firms operating or buying coal power plants, bringing the global total to 17 of the world’s biggest insurers now withdrawing from coal-related investments. External-link. [The Guardian]


Former Brit underwriter benefits from Chinese capacity

The People’s Insurance Company of China (PICC) is supporting a start-up, founded by former Brit underwriter Yesid Rodriguez, to support construction-based business in Latin America. External-link. [Insurance Insider]


Argo resists attempt to reshape board

The Bermudan re/insurer has told its shareholders that Voce’s efforts to change the make-up of the board (following an investigation by the US Securities and Exchange Commission) is not in their interests. External-link. [Reinsurance News]


Cooper Gay France buys Tokio Marine KiIn Europe

The purchase of the Belgium-based service company, Tokio Marine Kiln Europe, gives Cooper Gay France operations in Belgium, France, Germany, Martinique and the UK. External-link. [Verdict]


Divorce looms for cyber insurance JV partners

After four years, insurers Munich Re and Beazley have fallen out of love with their joint cyber insurance venture Vector. The partnership, which had offered line sizes up to $100m, has closed to new business. External-link. [Insurance Insider]


Lloyd’s goes boldly into space

Lloyd’s has stepped into space insurance with a new policy underwritten by 18 syndicates. The policy will be sold under the Welsh-inspired name of Llift Space. External-link. [The Telegraph]


Blanc to join Aviva as NED

Insurance veteran Amanda Blanc is to join Aviva as an independent non-executive director. Blanc left Zurich abruptly amid reports of personality clashes. External-link. [Insurance Day]


Hiscox falls from FTSE 100

After only one year in the index, Hiscox has been ushered back out, following a poor year’s results which cost it one fifth of its value. External-link. [Forbes]


New Marsh report highlights D&O turmoil

The D&O sector is facing ‘enormous upheaval’ as broker Marsh reports a 77% price increase in its FTSE 100 portfolio. External-link. [Insurance Business UK]


Peleton faces long climb from controversy

As we all think about the perfect Christmas gift, where do you stand (sit) on this week’s ad? External-link. [Yahoo Finance]


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