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Aon Benfield, the reinsurance intermediary and capital advisor of Aon, has launched a new insurance product which it believes will drive growth in the private charter aviation sector. 2 October 2014
Insurance
Specialist lines underwriting agency CFC has appointed Matt Helm as contingency practice leader to spearhead CFC’s expansion into the contingency insurance market. 2 October 2014
News
Tokio Millennium Re is to reshuffle its executive management in a change that will see Tatsuhiko Hoshina, its chief executive, step aside and take the role of vice chairman in April 2015. 2 October 2014
Insurance
Brokers are potentially missing out on key revenue opportunities from ancillary insurance lines such as motor breakdown cover. 2 October 2014
News
Nephila Capital’s Iron Catastrophe Fund has received $50 million in investment from technology services company IBM’s pension fund. 1 October 2014
News
JLT Re has entered into a new reinsurance joint venture agreement with March JLT, the capital insurance broker owned by Grupo March and JLT, to create JLT March Re. 1 October 2014
Insurance
The Insurance Institute of London (IIL) has appointed Stephen Riley, the executive director of Global Aerospace, as its president for 2014-15. 1 October 2014
Insurance
Mitsui Sumitomo Insurance Group (MSIG) at Lloyd’s has appointed Carl Bennett as class underwriter, energy. He will report to property underwriting manager Chris Bottomley. 1 October 2014
Insurance
AEGIS has hired Nigel Roberts, the former chief placement officer for Willis’ global specialties unit, in the newly-created role of head of broker relations. 30 September 2014
Alternative Risk Transfer
Rating agency AM Best has published new draft rating criteria for insurance-linked funds (ILF) and is seeking comments from market participants. 30 September 2014
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