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Alternative Risk Transfer
In a year that has already seen a number of first time issuers use the insurance linked securities (ILS) markets to secure protection, two more notable issuers are in the process of marketing cat bonds. 8 April 2014
Insurance
Europe’s 40 largest insurers spent €4.9 billion complying with new regulatory requirements in 2013 putting a growing strain on the sector and wiping an average of one percentage point off insurers’ return on equity, according to a report by Deutsche Bank. 7 April 2014
Insurance
Extensive research must be carried out to better understand the consequences of climate change and how to respond to the potential risks it brings. 7 April 2014
Insurance
Flood control structures were a major factor in the losses from the floods in 2013 not being as bad as they might have been, according to Munich Re. 7 April 2014
Alternative Risk Transfer
Underwriting discipline could nosedive as levels of alternative capacity intensify, according to a report by rating agency AM Best. 7 April 2014
Insurance
Arthur J Gallagher has signed an agreement to acquire the Wesfarmers insurance brokerage operations. 7 April 2014
News
Willis Re has appointed an experienced executive from Swiss Re to head up its life and health operations in Asia-Pacific, Middle East, Turkey and Africa (APMETA). 7 April 2014
Insurance
UK broker Bluefin has appointed a former Aon executive to spearhead developing a new mergers and acquisitions practice in both the private equity and corporate arena. 7 April 2014
News
Hiscox Re, the newly combined reinsurance operations of Hiscox, has appointed a chief financial officer and a chief operating officer. 7 April 2014
Insurance
Asta, the Lloyd’s third party managing agent, has taken over as the managing agency to Skuld Syndicate 1897. The syndicate was previously managed by R&Q Managing Agency. 4 April 2014
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