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Insurance
Risk Management Solutions (RMS) has made Paul Dali chairman of its board of directors. Dali, a venture capitalist who has previously backed a number of highly successful technology companies, had already served as an advisor to the board for the past year. In addition to Dali, Dr Gerald Held, a corporate director on numerous technology company boards and a former Silicon Valley software executive, joins the RMS board as an independent director. And Dominique Trempont, an executive and board member with a focus on cloud and new media, also joins the board. 6 March 2013
Insurance
A benign year for catastrophes has helped UK-based Amlin post strong results for 2012, which have been praised by analysts. The re/insurer has also entered into an agreement to acquire a specialist P&I and marine insurer based in Rotterdam in the Netherlands. 4 March 2013
Insurance
The latest delay in the implementation of Solvency II until 2016 represents an opportunity for some insurers to deal with any outstanding run-off and US-based Asbestos Pollution and Health Hazard (APH) liabilities. 1 March 2013
Insurance
A number of recent acts of terrorism and violence against energy companies and their facilities around the world have led to an upsurge of interest in terrorism and political violence coverage. This is being matched by buoyant levels of capacity in the sector, despite a sense of unease among insurers underwriting these risks. 28 February 2013
News
Bermuda-based Endurance Specialty Holdings has announced that Jerome Faure will join the company on March 11 as CEO of global reinsurance. He will be responsible for Endurance’s North America, Bermuda and international reinsurance operations. Most recently, Faure was a partner in ILS Capital Management in Bermuda focused on insurance linked securities, industry loss warranties and collateralized reinsurance. Prior to that, he served as director and chief underwriting officer for Tokio Millennium Re. He started his career at Scor. 27 February 2013
News
Gunther Saacke, the chief executive officer of Q-Re, the reinsurance subsidiary of Qatar Insurance Company (QIC), believes the unique ownership and capital structure of the reinsurer can offer cedants much-needed diversification on their panels away from the “vagaries of Wall Street”. 27 February 2013
Insurance
The constant delays around the process for the Solvency II directive to be approved and ultimately implemented by the European Parliament represent a source of great frustration to European insurers in need of certainty around if and when the directive will come into force. 26 February 2013
Insurance
The insurance industry should expect more consolidation and greater competition in the years to come with the most successful firms becoming those that can innovate quickly and launch new products into new markets. But the industry must also resist yet more regulation. 25 February 2013
Insurance
Two of Europe’s largest re/insurance institutions posted solid 2012 results this week with both boasting healthy underwriting profits and solid combined ratios. 21 February 2013
News
Martin Sullivan, the deputy chairman of Willis Group Holdings and chairman and CEO of the Willis Global Solutions unit, will leave the firm in May 2013, after a transition, to pursue other interests. 20 February 2013
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