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Bermuda-based Everest Re has appointed Gerri Losquadro to its board of directors. Losquadro recently retired as senior vice president and head of global business services at Marsh & McLennan Companies. 19 May 2014
Insurance
Bermuda-based American Overseas Group has appointed Patricia Ryan as executive vice president (EVP) and general counsel of the company. 16 May 2014
Insurance
Dermot O’Donohoe, the chief executive of Torus, the specialty insurer recently acquired by Enstar, has resigned just six weeks after its takeover forcing a reshuffle of senior management. 15 May 2014
Alternative Risk Transfer
The African Risk Capacity (ARC) agency has launched the first ever African catastrophe insurance pool. The deal is underpinned by $55 million of index-based reinsurance capacity from the international weather risk markets secured by Willis. 15 May 2014
Insurance
Catlin Group posted very healthy growth in the first quarter of 2014 driven by its reinsurance book and international operations. While its CEO warned on softening rates in catastrophe-exposed lines, he said some hardening was occurring elsewhere. 14 May 2014
Insurance
Enstar Group, the Bermuda-based run-off specialist, increased its profits in the first quarter of 2014 as the company digested several key acquisitions made in the past 12 months. 12 May 2014
News
Third Point Re, the reinsurance firm backed by Dan Loeb’s hedge fund Third Point, posted disappointing results for the first quarter of 2014 as its profits declined, its gross written premiums fell and its chairman warned on challenging conditions in the market. 9 May 2014
News
Bermuda-based run-off specialist Catalina Holdings has entered into an agreement to reinsure the marine insurance liabilities in run-off of Delta Lloyd Group. 9 May 2014
Insurance
Beleaguered insurer Tower Group and ACP Re, the Bermuda reinsurer owned by AmTrust Financial Services, have amended their merger agreement to reduce the consideration by $0.50 per share to $2.50. 9 May 2014
Insurance
John Marshaleck, chief financial officer of Bermuda-based Maiden Holdings, will retire at the end of 2014. Karen Schmitt, president of Maiden Re, the company’s US subsidiary, will succeed him. 8 May 2014
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