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The reinsurer said the probe concerns the alleged involvement of its former chairman. -
The acquisition expands its global employee benefits business to ~4,000 global employees.
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Guernsey’s TISE listed the world’s first private cat bond issued by Solidum Re in 2011.
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The firm will match segregated accounts of portfolios to investor mandates.
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The combined entity ranks third in the Insurance Insider ILS leaderboard.
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Compressed cat bond spreads could drive some rebalancing, as M&A remains a prospect.
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The deal comes around three years after Markel sold a controlling interest in Velocity for $181.3mn.
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Casualty ILS made inroads, while hurricane hedging strategies came into focus.
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The Swiss-based team of Siglo has transferred to Cambridge Associates.
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Redington provides services to UK pension funds, wealth managers and institutional investors.
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The Risk International team will remain in its current location, under Jennifer Gallagher.
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The denial followed this publication’s report that Covéa had renewed its intentions to buy the reinsurer.
