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Insurance
Antares has revealed positive results for its syndicate 1274 for 2012, despite noting that both the most expensive ever marine loss for insurers and one of the most expensive storm events ever, happened last year. 10 April 2013
News
Underwriting agency APC has launched a London market broking team to place risks for regional brokers that cannot be facilitated under its regular binding authorities. 10 April 2013
News
Concerns by some that the proliferation of alternative risk transfer mechanisms such as insurance-linked securities (ILS) could hamper growth among traditional reinsurers could be misplaced – based on the findings of a recent report by Aon Benfield. 10 April 2013
Insurance
ACE Group has appointed Mark Roberts as casualty manager for the UK and Ireland. 10 April 2013
Insurance
New proposed capital requirements under Solvency II will force re/insurers to both reassess their strategic priorities – potentially placing non-core business into run-off – while also selling discontinued books of businesses to specialist third parties. 9 April 2013
Alternative Risk Transfer
Extremely competitive pricing is tempting yet more cedants to use the capital markets to offset their risks as the pipeline of cat bonds continues to grow. 8 April 2013
Insurance
Hiscox Bermuda has expanded its US property-catastrophe team with the appointment of Bill Lazzaro as vice president – underwriting. 3 April 2013
Insurance
Willis Group Holdings, through its subsidiary Willis Limited, has agreed to acquire PPH Limited and its subsidiary Prime Professions Limited, a UK-based professional indemnity insurance broker. 3 April 2013
Insurance
Nine of the ten most expensive insured loss events globally happened in the US in 2012 while the high insurance penetration in North America meant that $65 billion, over half of the $119 billion in economic losses in the region, were covered by insurance. 3 April 2013
Alternative Risk Transfer
A combination of strong new issuance and the fact that few bonds mature this year mean the reinsurance industry should expect 2013 to be a bumper year for cat bond issuance. 3 April 2013
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