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Another substantial deal has been completed that will see a large chunk of longevity risk held by pension schemes ultimately transferred into the reinsurance markets. 27 March 2014
Insurance
Helped by a benign year for catastrophes, Lloyd’s made a substantially improved profit in 2013 and its gross written premium reached a new high. Its new chief executive said the result represented a solid base from which it would target further international growth especially in under-insured economies. 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
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
Broker Willis has appointed John Greene, formerly of HSBC, as group chief financial officer. He will succeed Michael Neborak, who was appointed in 2010. 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
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
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
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
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