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  • Cobalt exploring internal restructure to launch at Lloyd's
    Shariah-compliant start-up Cobalt is exploring an internal restructure that would see Armour executives Brad Huntington and John Williams put additional money into the company via investment vehicle Trebuchet, The Insurance Insider can reveal. Cobalt's plans to launch a Lloyd's syndicate have been stuck in limbo since it received approval from the Corporation in 2016. Trebuchet, […]
  • NatGen's Wells Fargo CPI business still under scrutiny
    Wells Fargo's $1bn fine over force-placed auto insurance may end that woeful chapter for the third-largest US bank but National General, the carrier entangled in the scandal, remains under scrutiny, The Insurance Insider understands. Sources say a probe begun last year by New York state regulators is still ongoing. The inquiry had to do with […]
  • Sompo International given go-ahead for Luxembourg unit
    Sompo International has received regulatory approval to establish a subsidiary in Luxembourg to smooth its post-Brexit business. Takashi Kurumisawa, currently chief operating officer of London market insurance at Sompo International, has been appointed CEO of the new company, called SI Insurance Europe (SIIE). The Bermuda-based insurer, formerly known as Endurance before its takeover by Japan's […]
  • RLI president criticises MGAs for 'irrational' pricing
    The president of specialty insurer RLI has accused some MGAs in the US market of "irrational behaviour", with business still being written at unsustainable rates. "To be clear, we are not in a hard market," RLI president and COO Craig Kliethermes said on an earnings call on 19 April. He continued: "We still see irrational […]
  • Munich Re CEO says firm would welcome anchor investor
    Munich Re would be open to a long-term investor taking a large stake in the company, chief executive Joachim Wenning has said. Speaking to Reuters, the CEO said the reinsurer would welcome a primary investor "in principle". However, he added that it was not looking for such an investor and declined to confirm whether Munich […]
  • IG selects XoL reinsurance tender shortlist
    The International Group of Protection & Indemnity Clubs has shortened the list of firms being considered to broker its landmark excess of loss (XoL) reinsurance programme to four, The Insurance Insider can reveal. Miller, Aon Benfield, Willis Towers Watson and Guy Carpenter have reached the next stage of a tender process to take on the […]


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LondonMarkit Systems Limited
20 Birchin Lane, London
+44 203 713
JohannesburgMarkit Systems Limited
+27 11 083