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JLT Towers Re has appointed Bart Zanelli, formerly of Guy Carpenter GC Securities, as head of advisory for North America. 21 March 2014
Insurance
Talbot Underwriting’s Syndicate 1183 posted a record profit in its 2013 results while its chief executive promised a year of international expansion for business, which is a subsidiary of Validus Holdings. 21 March 2014
News
Munich Re has appointed two new board members. 20 March 2014
Insurance
Most re/insurers are now managing capital using metric-based frameworks and are publishing more about their risk management targets than ever before. 20 March 2014
News
Munich Re has said it expects its profits to decline this year due to growing competition in reinsurance, changes in demand from insurers and the ongoing low interest rate environment. 20 March 2014
Insurance
Insurance broker Besso has been ordered to pay a £315,000 fine to the Financial Conduct Authority (FCA) after the Authority found the broker’s bribery risk procedures to be inadequate. 20 March 2014
Insurance
Bermuda-based insurer Ironshore has opened a Financial Institutions unit which will be led by Christopher Brown of Ironshore’s Pembroke Managing Agency. 20 March 2014
Insurance
Allianz Deutschland AG has appointed a new CEO to oversee Central and Eastern Europe and the Middle East. Manfred Knof, who is also the member of the management board responsible for operations, will succeed Bruce Bowers. 20 March 2014
Insurance
The Irish Government is said to be considering an additional levy on all non-life insurance policies to create a distress fund for those who have been denied flood insurance. 19 March 2014
Insurance
Flood Re, the UK Government’s scheme to pool flood risk, may face higher-than-expected claims in the future, as spending on flood defences fails to meet requirements says Fitch Ratings. 19 March 2014
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