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Low single-digit reinsurance rate hike at June1 renewal, JLT Re

David Flandro, Global Head of Analytics, JLT Re, said, “Dedicated reinsurance sector capital has been very strong with growth of over USD 10 billion during the first half of 2018, following roughly USD 7 billion of new capital raised in the final four months of 2017. This affirms the now established trend of third-party capital rapidly entering the sector post-loss to fill the gap more or less immediately.

UK’s Legal & General exits Indian market,sells 26 % in IndiaFirst Life Insurnace to Warburg Pincus

Simon Burke, Group Commercial Director, Legal & General said that the company has refocused its insurance business in recent years on the UK and the US and as a consequence we have disposed of a number of operations, including our businesses in The Netherlands, Ireland, France, Egypt and The Gulf. We are now following this strategy in relation to our stake in IndiaFirst Life.