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Reinsurance
“No news is usually good news in reinsurance.” That was the message from Denis Kessler, the chairman and chief executive officer of the reinsurer SCOR, discussing details of the group’s new strategic plan which he presented to investors on September 4. 8 September 2013
Insurance
London has the potential to become the heart of the Islamic financial market, according to Richard Bishop, chief executive of Cobalt Underwriting, an insurer specifically formed to provide Shariah-compliant insurance, speaking at the launch in London. 8 September 2013
Insurance
Brit Group has said it is looking to expand its distribution network by opening a branch office in Bermuda. The office will focus on underwriting excess workers’ compensation reinsurance as well as US property-catastrophe reinsurance, retrocession and ILW’s covers. 8 September 2013
News
Seven members of JLT Re cycled to Monte Carlo to raise £50,000 for two charities: the Wooden Spoon Society, the charity of British and Irish Rugby supporting mentally, physically disadvantaged children; and Action on Addiction, a charity that looks to free people from addiction. 8 September 2013
Insurance
PwC has appointed Lindsay J’afari-Pak as a partner to lead the firm’s tax services to the life insurance industry. 4 September 2013
News
Munich Re will acquire RenaissanceRe’s weather and weather-related energy risk management unit, RenRe Energy Advisors (REAL). 4 September 2013
Insurance
XL Group has appointed Louise Dennerstahl to head up its International Professional insurance business, which covers the markets in Europe, Asia Pacific and Latin America. Based in London, she will report to Bernard Horovitz, chief executive of XL Group’s Global Professional business. 4 September 2013
Insurance
AllianceBernstein, the investment management firm, has appointed Etienne Rougier and Erik Vynckier as chief operating officer (COO) for insurance in EMEA and senior portfolio manager insurance respectively, focusing on specialist solutions for insurance clients. Both will be based in London and will report to Tim Ryan, chairman & CEO. 4 September 2013
Insurance
Guy Carpenter & Company has made a major strategic investment in a new venture designed to help develop business in Greece, Cyprus and adjacent countries. 4 September 2013
Insurance
Barbican Group Holdings has appointed David Slade as an underwriting manager within the firm’s property division. He will report to James Winn, active underwriter, Syndicate 6113. 3 September 2013
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