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Insurance
Zurich Insurance Group has appointed Mike Davies as global head of marine underwriting within the company’s general insurance business. He will succeed Lee Meyrick who left Zurich in April, 2013. 26 June 2013
Insurance
XL Group has appointed Philip Jacobs as global head of capital management, corporate development and tax. 26 June 2013
News
The chief underwriting officer of reinsurance start-up Phoenix CRetro Reinsurance Company has said he believes the business could provide as much as $100 million of capacity by the 2015 renewals and he hopes to have financial institutions on board as investors by the Monte Carlo Rendez-Vous. 26 June 2013
Insurance
Barbican Group Holdings has acquired Seacurus, a UK-based specialist marine insurance broker. 24 June 2013
News
A new company has been launched that plans to offer capital providers in Central and Eastern Europe (CEE), the Middle East & North Africa (MENA) and countries that were formerly part of the Soviet Union (an area known as the Commonwealth of Independent States (CIS)) access to catastrophe retrocessional reinsurance business. 21 June 2013
Insurance
Catastrophe modelling firm AIR Worldwide estimates insured losses in Germany from the recent floods in central Europe will be between €4 billion and €5.8 billion. The overall economic impact is expected to be much higher. While the worst damage has already occurred, this flood event is ongoing. 20 June 2013
Insurance
Insurers and reinsurers are unlikely to be badly hit by the recent floods to hit Central Europe, which could be the worst since 2002. But a number of lessons could be taken from the recent losses, according to AM Best. 19 June 2013
Awards
While innovation and the ability to be responsive to clients’ needs are often highly valued qualities within a rapidly changing reinsurance industry, sheer size and financial strength are also qualities still considered critical by many buyers. 19 June 2013
Insurance
Swiss Re has revealed how it ‘stopped’ 23 business transactions going ahead last year because they failed to meet certain criteria around sustainability and corporate responsibility. A further 18 deals were temporarily halted until certain criteria could be met. 19 June 2013
Reinsurance
Law firm CMS has appointed a new reinsurance partner in London. Simon Kilgour joins from RPC where he is a partner and head of reinsurance. 18 June 2013
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