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Alternative Risk Transfer
The decision by Munich Re to pull the plug on its recent catastrophe bond Queen Street X Re is not indicative of any wider uncertainty in the insurance-linked securities (ILS) markets with investor demand still robust at the right price. 4 July 2014
Insurance
The Lloyd’s Market has made good progress in preparing for Solvency II. But despite some £400 million having been invested so far, more work is needed to ensure it secures model approval, believes Luke Savage, director of finance and operations. 4 July 2014
Insurance
BT has offloaded £16 billion of its pension scheme’s liabilities into the insurance sector in what is believed to be the largest longevity swap transaction to date. 4 July 2014
Insurance
Compass Broker Services, the UK networks division of Arthur J. Gallagher, has appointed Paul Montgomery as broking director of its London markets division. 4 July 2014
Insurance
RFIB Group, the Lloyd’s insurance and reinsurance broker, today has appointed Richard Macfarlane as managing director of its international non-marine business. 4 July 2014
Insurance
AXA UK’s chief executive officer (CEO) has been voted in as chairman of the Association of British Insurers (ABI) for a two year term. 3 July 2014
Insurance
Zurich Insurance Group has agreed to sell its Russian retail business to OLMA Investment Group as it focuses on building corporate business in the region. 3 July 2014
Insurance
Xchanging, the business process, procurement and technology services provider, has agreed to buy insurance software business Total Objects for a potential total of up to £21 million. 3 July 2014
Insurance
R&Q has appointed Andrew Matthews, formerly of Aon, as managing director of R&Q Insurance Management (Gibraltar), previously known as R&Q Caledonian. 3 July 2014
Insurance
Catastrophe risk management firm has partnered with the United Nations and the World Bank to offer its catastrophe modelling tool to governments for free 2 July 2014
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