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Insurance
ACE forms global property engineering unit
ACE Group, a global property and casualty insurer, has established a global property engineering unit to provide global engineering risk management services.   10 April 2014
News
Insured losses hit $7bn in first quarter
While insured losses globally in the first quarter of the year were low, insurers must be prepared for the severity of events that typically hit later in the year, according to Aon Benfield.   10 April 2014
News
Reinsurance capital hits record levels
The levels of both traditional and alternative reinsurance capital increased in 2013, creating a level of competition of business that is beneficial to reinsurance buyers.   9 April 2014
Insurance
World Bank’s political risk arm appoints two
The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance arm of the World Bank, has made two appointments.   9 April 2014
Insurance
Total hull losses fall to record low
The percentage of total hull losses fell to a record low, according to statistics released by the International Union of Marine Insurance (IUMI).   9 April 2014
Insurance
Reinsurers offer more multi-class, multi-year deals
Reinsurers are increasingly offering more complex, multi-class, multi-year deals in an attempt to set themselves apart from the intense competition in the market while others are moving into speciality lines and considering mergers & acquisitions.   9 April 2014
News
Sharp rate declines in April; worse expected in June
Reinsurance prices in the April renewals softened by more than expected and further sharp declines in rates should be expected in the June renewals, a critical point for the Florida property-catastrophe market.   9 April 2014
Insurance
Energy sector to boom at mid-year renewals
Energy insurance buyers will benefit from renewed competition and a softening of energy insurance at their mid-year policy renewals.   9 April 2014
Insurance
Coface partners with Nippon Export
French credit insurer Compagnie Française d'assurance pour le commerce extérieur (Coface) has signed an agreement with Japan’s trade and investment insurance arm to extend its coverage.   9 April 2014
News
Miller hires treaty exec from China Taiping
Broker Miller has appointed Joe Ng, formerly deputy general manager at China Taiping Group, to a treaty reinsurance business production role in Hong Kong.   8 April 2014

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