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Insurance
Sedgwick LLP, a London-based insurance and disputes resolution practice, has appointed David Murphy as partner to the firm’s insurance practice. 7 January 2014
News
French reinsurer, SCOR, has launched a new fully collateralised sidecar, Atlas X Reinsurance, which will provide the group with an additional three-year capacity of $55.5 million from a new panel of investors. 6 January 2014
News
Argenta Syndicate Management, a subsidiary of Argenta Holdings, has made several appointments covering property and marine liability. 3 January 2014
Alternative Risk Transfer
French reinsurer SCOR has established a three-year contingent capital facility in the form of a guaranteed equity line with UBS providing it with €200 million coverage in case of extreme natural catastrophe or life events. 3 January 2014
Insurance
Hardy, a specialist re/insurance underwriting business, has appointed David Stevens as a board director and as chief financial officer for the Hardy group of companies, effective immediately. 20 December 2013
Insurance
Torus, the global specialty insurer, has appointed John Milne as accident & health underwriter. The appointment furthers Torus’ commitment to growing its accident & health business, which is underwritten through Lloyd’s Syndicate 1301. 19 December 2013
Insurance
Willis Group Holdings has appointed Paul Owens as CEO of the newly formed Willis Global Captive Management business, effective January 1, 2014. 19 December 2013
Insurance
Arthur J Gallagher has acquired Bergvall Marine, a Norwegian-based specialist marine broker with annual revenues of approximately $5 million. 18 December 2013
Insurance
Global art insurance specialist, AXA ART, has announced changes to its senior leadership team and board of directors. 17 December 2013
Alternative Risk Transfer
Global reinsurers’ appetite for pension fund longevity risk is increasing rapidly leading to an increasing number of deals being done that transfer risk into this sector, according to Aon Hewitt, the adviser on the most recent transaction. 17 December 2013
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