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Risk managers have been warned to assess their business operations in Ukraine following the implementation of sanctions by the EU and US. 11 March 2014
Awards
Some reinsurance buyers admit that they are leveraging the intense competition in the market at the moment to seek better rates – especially when placing plain catastrophe business. But most add that they are keen to maintain good relationships with the bigger reinsurers because of the other lines of business they have close relationships on. 11 March 2014
Insurance
Driven by Solvency II requirements that favour diversification in investment portfolios, insurers could be forced to dramatically cut the amount of corporate bonds they hold, driving up companies’ borrowing costs in the process. 11 March 2014
Insurance
Lloyd’s trade credit coverholder, Equinox Global, has appointed John Joseph as a senior credit analyst. He will report to Simon Philpin and will be based in London. 11 March 2014
News
Blue Capital Management, the third-party capital management arm of Montpelier Re, has revealed details of its timetable for its third placing of new shares under the terms of the Placing Programme it launched last April. 10 March 2014
Insurance
Hiscox is the latest insurer to sign up to Xchanging’s Fees Direct+, a management system for handling fee settlement. 10 March 2014
Insurance
Switzerland-based insurer Helvetia Group has posted solid growth in 2013 driven largely by its Swiss home market, which saw 9.9% growth, but with Germany, Austria and France also recording positive growth. 10 March 2014
Insurance
ACE Group has expanded its Mergers and Acquisitions (M&A) unit to concentrate on insurance solutions for private equity firms and their portfolio companies as well as M&A transactions. 10 March 2014
Insurance
Markel UK has launched a new art and collectables product to provide a broad range of cover for private individuals, companies and commercial, municipal and not for profit organisations with collections and investments in art and artefacts. 10 March 2014
Insurance
Zurich Group’s Ken Norgrove has been appointed as CEO of RSA Insurance’s Irish unit following the resignation of Phillip Smith last year. Smith stepped down after the unit was investigated for accounting irregularities. 10 March 2014
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