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Reinsurance
Recent changes in the sources of capital being put to work in the reinsurance markets could favour mutual insurers who will become increasingly valued by traditional reinsurers keen to maintain long-term relationships with these clients. 25 April 2013
Insurance
Paul Lawrence has been appointed as chief underwriting officer of Hiscox London Market Insurance, a newly created division, and joint active underwriter of Syndicate 33 alongside Russell Merrett. 24 April 2013
Reinsurance
Brit Insurance and Maiden Holdings have agreed a deal that will see Maiden's Excess and Surplus (E&S) unit, Maiden Specialty, complete a temporary 100 per cent quota share reinsurance agreement with Brit Global Specialty. 24 April 2013
Insurance
DARAG Deutsche Versicherungs- und Rueckversicherungs-AG (DARAG), the run-off insurer, has raised €60 million of new capital which it says will be used to finance new acquisitions ahead of an expected increase in deal flow in the coming months. 24 April 2013
News
Pioneer Underwriting, part of the BMS Group, has appointed Jonathan Matthews as chief operating officer as part of its plan to broaden the expertise and reach of its underwriting business. 24 April 2013
Insurance
ACE Group has promoted senior casualty underwriter Gordon Knox to casualty manager, Scotland. Knox will be responsible for overall management and growth of ACE’s casualty portfolio in Scotland, focusing on client engagement and the maintenance and development of broker-focused working practices. 24 April 2013
News
London-based business processing company Xchanging has appointed Mark Sullivan and Andy Campbell to its claims services business. 23 April 2013
News
The percentage of non-life catastrophe reinsurance ultimately covered by some form of insurance-linked securities (ILS) will double over the next four years, to the point this form of risk transfer could represent a third of the total market. 23 April 2013
Insurance
The European Commission has released a consultation on a Green Paper which it hopes will improve disaster insurance take-up in the European Union (EU) following an increase in natural catastrophes. 22 April 2013
News
ACE Group has appointed Udo Wegerhoff as environmental insurance manager covering the Germanic region in a move to strengthen its environmental offering across Continental Europe. 17 April 2013
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