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Insurance
Re/insurers faced natural catastrophe losses of $45 billion in 2013 – 22 percent lower than the ten-year average of $58 billion and the lowest total since 2009, according to Aon Benfield’s Impact Forecasting. 14 January 2014
Insurance
Flood control measures saved Europe from significant losses after the region faced this year’s costliest catastrophe. But there are still lessons to be learned and more must be done in other parts of the world, according to Munich Re. 10 January 2014
Insurance
Equinox Global, the Lloyd’s cover holder specialising in trade credit insurance, has appointed Genevieve Ahinful as senior underwriter. She joins from AJG UK. 9 January 2014
Insurance
European windstorms Xaver and Dirk, which hit Europe in December, could cost insurers some €1.16 billion, according to estimates by Impact Forecasting, the catastrophe model development centre at Aon Benfield. 8 January 2014
Insurance
Markel International has appointed Maren Modena as senior risk analyst in its trade credit division. 8 January 2014
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
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