Securis has parted ways with its head of origination Neil Strong after a significant management restructure that has elevated Paul Larrett to the new role of chief underwriting officer and head of non-life analytics.
Assets under management (AuM) controlled by the top 10 ILS firms reached $64bn at the start of 2018, as Markel said that Markel Catco's asset base reached $6.1bn and as Credit Suisse Asset Management posted $8.8bn of assets.
XL Group shares jumped 12.5 percent yesterday after a Bloomberg report said the Bermuda-based (re)insurer was drawing takeover interest from Allianz and possibly others.
Swiss Re said it was in preliminary discussions with Japan's SoftBank Group that could lead to a significant minority investment in the big European reinsurer by the conglomerate.
