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Capital from third-party investors drove reinsurance market rates on line (ROLs) down at the July 1 renewals, as pricing in the capital markets broke away from levels set by the traditional market for the first time. 10 July 2013
Insurance
Enstar Group has agreed to acquire global specialty insurer Torus Insurance Holdings, the deal representing a move into 'live' underwriting for the run-off specialist while Torus has also replaced its CEO . 9 July 2013
Insurance
Antares, the specialist Lloyd’s insurer, has made two new appointments. Martin Sullivan has been appointed as non-executive chairman of Antares Managing Agency while David Wright has joined as political risks manager within the political and financial risks specialty lines portfolio of Antares. 8 July 2013
Insurance
Richard Ward, the chief executive of Lloyd’s, has said he will step down at the end of December this year after almost eight years in the role. 5 July 2013
News
The largest catastrophe bond to cover European wind risk has closed. Green Fields II Capital is a €280 million bond that will provide Groupama with protection against French windstorm losses for three and a half years. 3 July 2013
Awards
The importance of being able to speak to quality, experienced people and establishing long-term personal relationships were some of the biggest themes that shone through in the final week of our Global Survey. 3 July 2013
News
Towers Watson has appointed Frederik Koencke as the first EMEA managing director of the Crisis Management group, which provides risk transfer and consulting solutions to mitigate threats such as product contamination, kidnap and ransom, marine piracy, terrorism, and cyber, political and credit risks. 3 July 2013
Insurance
The tentative agreement between the UK government and the insurance industry on how the risk of flooding at high risk properties will be covered has been cautiously welcomed by the industry. But some suggest the scheme is misguided. 3 July 2013
Insurance
ProSight Specialty Underwriters has appointed Mel Goddard as non-executive director with immediate effect. 3 July 2013
Insurance
Specialist insurer, Markel International, has appointed Mike Richardson as European retail claims manager. 3 July 2013
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