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Insurer Ironshore Energy Property has increased its capacity to $25 million for energy risks throughout its global platform. The company said the move was in response to the rapidly expanding energy sector. 26 March 2014
Insurance
PERILS, the Zurich-based organisation that provides catastrophe insurance data, has said its initial loss estimate for windstorm Tini is €245 million. It also upped the losses for windstorm Dirk to €352 million. 26 March 2014
Insurance
ACE Group has made two appointments in its Nordic Accident and Health team. The business said the move was part of its investment in the development of its consumer insurance offering in the region. 26 March 2014
Insurance
Barbican Underwriting, the UK property & casualty underwriting division of Barbican Insurance launched in 2011, has formed a new underwriting facility with International Insurance Company of Hannover (Inter Hannover). 26 March 2014
Insurance
Broker Marsh’s UK networks division saw year-on-year growth in excess of 25 percent in 2012 and 2013, and is now handling over £225 million gross written premium on behalf of its members. 26 March 2014
Insurance
Generali has welcomed the decision by Standard & Poor’s (S&P) to affirm its financial strength rating of A- after the Italian insurer passed a new stress test that had been introduced by the rating agency. The outlook on the rating is negative, however. 26 March 2014
Insurance
Howden Broking Group, part of Hyperion Insurance Group, has launched a dedicated Fine Art and Specie Division with hires from Lloyd & Partners and Price Forbes. 26 March 2014
Insurance
Insurer MetLife has appointed Wayne Daniel as vice president, US Pensions, in MetLife’s Corporate Benefit Funding division. 26 March 2014
Insurance
Tawa, the AIM-listed business that has traditionally invested in run-off operations, has posted a poor set of results for 2013 – a year that has prompted a fundamental financial restructuring of the business set to be implemented from the second quarter of 2014. 26 March 2014
Insurance
Troubled insurer RSA has issued a rights issue to raise £773 million, following its announcement in February, 2014. 25 March 2014
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