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Bermudian reinsurer PartnerRe has reorganised its senior executive team following the retirement of its life and health chief. 28 February 2014
Awards
Large reinsurance buyers are increasingly replacing mid-tier reinsurers on their panels with collateralised coverage or larger ILS deals while also retaining more risk – but they are also forming closer and deeper relationships with their bigger reinsurance partners. 28 February 2014
News
RenaissanceRe has appointed Ross Curtis as group chief underwriting officer. He has been promoted to the post currently held by president and CEO, Kevin O’Donnell and will start from July 2014. 27 February 2014
Insurance
OneBeacon Insurance Group has appointed Patrick Thiele, previously CEO of PartnerRe, as a class II director. 27 February 2014
Insurance
International specialist insurer Hiscox reported an 11 percent increase in pre-tax profits, but said that it will not take undue risk, “preferring modest investment returns alongside better underwriting results to fuel profits”. 24 February 2014
Insurance
Ironshore has appointed James Bishop, Jr. to lead its team which will provide cover for high-end pleasure craft, yachts and mega yachts on a global basis. 21 February 2014
News
The fate of SAC Re isn’t frightening investors away from the hedge fund-backed reinsurance model, says Randall Swan, chairman of the board at Swan Re. 21 February 2014
Insurance
The decision by a US District Court judge to knock back the IRS’s cascading tax theory as it relates to retrocessional excise tax refunds may stoke the political flames under foreign reinsurers according to Goldberg Segalla partner Jeffrey Kingsley. 20 February 2014
Insurance
David Cash, the former chief executive of Endurance Speciality, is to take the reins of the Bermuda Business Development Agency (BDA) after the body’s chief executive stepped down. 19 February 2014
News
Pine River Capital Management, the $14.3 billion hedge-fund firm, is reported to be looking to raise up to $750 million to capitalise a new Bermuda-based reinsurer called Pine River Re. 17 February 2014
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