Property and casualty
The New York State Department of Financial Services approved Plymouth Rock Assurance Corp.'s application to acquire MAPFRE Insurance Co. of New York.
The U.S. Federal Emergency Management Agency ceased writing and renewing flood insurance policies under the National Flood Insurance Program, citing a "lapse in federal funding" as a result of the U.S. government shutdown.
A wholly owned subsidiary of Enstar Group Ltd. completed the acquisition of Maiden Reinsurance North America Inc. for net consideration of $272.4 million.
Hannover Re facilitated another $60 million in private catastrophe bonds through its Bermuda-domiciled segregated accounts vehicle, Kaith Re Ltd., Artemis reported.
Most integration between CVS Health Corp. and Aetna Inc. could push through while a U.S. federal judge reviews the consent decree related to the two entities' merger, Reuters reported.
An indirect subsidiary of NWS Holdings Ltd. conditionally agreed to purchase the entire issued share capital of Hong Kong-based FTLife Insurance Co. Ltd., a unit of Tongchuangjiuding Investment Management Group Co. Ltd., for HK$21.5 billion (US$2.75 billion) in cash, subject to adjustments.
Zurich Takaful Malaysia Berhad CEO Salim Majid Zain is leaving to join another company in the same industry, The Sun Daily reported, citing a source. He is reportedly stepping down Jan. 13, 2019.
Green bond market shows signs of sputtering, but issuance set to pick up in 2019
Investors bracing for more turbulence for US markets in 2019
Top reinsurers looking to take on more cyberrisk as market evolves
Mortgage insurance stocks plunge in 2018 as managed care outperforms again