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DARAG announces reinsurance agreement with Lloyd's syndicate

Friday, January 17, 2020 - 18:57
by Ryan Smith of Insurance Business

Legacy acquirer DARAG Group Limited has announced the conclusion of a transaction with a leading Lloyd’s syndicate to provide reinsurance for a US liability book. The reinsurance will be provided through DARAG’s Maltese risk carrier, DARAG Malta Insurance and Reinsurance PCC.

TigerRisk served as advisors to both parties in the deal, which was concluded by a Lloyd’s syndicate with a legacy provider outside the corporation.

ATG joins American Title Reinsurance Alliance

Friday, January 17, 2020 - 18:55
by Re Journals

Chicago-based Attorneys’ Title Guaranty Fund, Inc. (ATG) has become the tenth member of the American Title Reinsurance Alliance (ATRA). ATRA secures reinsurance coverage via eight A through A+ rated Lloyds of London syndicates led by the Beazley syndicate. ATRA was formed in January 2012 to provide a secure source of reinsurance for large transactions for regional title insurers. The ATRA arrangement gives ATG the ability to insure transactions up to $500 million with the backing of the top title reinsurance syndicates in London.

FEMA Renews $1.3 Billion Reinsurance for Flood Program with 27 Carriers

Saturday, January 11, 2020 - 13:15
by Andrew Simpson of Insurance Journal

The Federal Emergency Management Agency (FEMA) FEMA reported its 2020 traditional reinsurance placement for the National Flood Insurance Program (NFIP) in a transaction in which 27 private reinsurers assumed $1.33 billion of NFIP’s financial risk.

Click Here to Read More

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DARAG announces reinsurance agreement with Lloyd's syndicate

Friday, January 17, 2020 - 18:57
by Ryan Smith of Insurance Business

Legacy acquirer DARAG Group Limited has announced the conclusion of a transaction with a leading Lloyd’s syndicate to provide reinsurance for a US liability book. The reinsurance will be provided through DARAG’s Maltese risk carrier, DARAG Malta Insurance and Reinsurance PCC.

TigerRisk served as advisors to both parties in the deal, which was concluded by a Lloyd’s syndicate with a legacy provider outside the corporation.

ATG joins American Title Reinsurance Alliance

Friday, January 17, 2020 - 18:55
by Re Journals

Chicago-based Attorneys’ Title Guaranty Fund, Inc. (ATG) has become the tenth member of the American Title Reinsurance Alliance (ATRA). ATRA secures reinsurance coverage via eight A through A+ rated Lloyds of London syndicates led by the Beazley syndicate. ATRA was formed in January 2012 to provide a secure source of reinsurance for large transactions for regional title insurers. The ATRA arrangement gives ATG the ability to insure transactions up to $500 million with the backing of the top title reinsurance syndicates in London.

FEMA Renews $1.3 Billion Reinsurance for Flood Program with 27 Carriers

Saturday, January 11, 2020 - 13:15
by Andrew Simpson of Insurance Journal

The Federal Emergency Management Agency (FEMA) FEMA reported its 2020 traditional reinsurance placement for the National Flood Insurance Program (NFIP) in a transaction in which 27 private reinsurers assumed $1.33 billion of NFIP’s financial risk.

Click Here to Read More

Pages