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The growing use of international sanctions is increasingly hindering global insurers and reinsurers which must tread increasingly carefully when navigating what has become a complex web of rules and regulations around this issue. 8 May 2013
Insurance
New criteria for rating insurance companies unveiled by rating agency Standard & Poor’s (S&P) this week is likely to result in ratings changes – including downgrades – but it’s not yet clear how many insurers will be impacted. 8 May 2013
Insurance
Daniel Tatam has joined Barbican Group Holdings as UK property and casualty underwriter. 8 May 2013
News
Towers Watson, the global professional services company, has named Michael Murphy as managing director of its Risk Consulting and Software (RCS) business in Europe, the Middle East and Africa (EMEA). 8 May 2013
News
DUAL, the underwriting arm of Hyperion Insurance Group, has announced a number of senior appointments in its UK operation. 7 May 2013
News
ProSight Specialty Underwriter, an operating Syndicate at Lloyd’s, has appointed Colin Smith as operations manager. 7 May 2013
Insurance
Mark Hews has been appointed as group chief executive officer at Ecclesiastical – the UK specialist insurer of charities – after joining the company in 2009 as group chief financial officer and executive director of Ecclesiastical Insurance Office. 2 May 2013
article
XL Group has appointed Lee Meyrick as chief underwriting officer, Global Marine and Offshore Energy. 1 May 2013
Insurance
A proposed flood insurance pool that would allow insurers in the Netherlands to offer flood coverage for the first time since devastating floods hit the region in 1953 could be operational by January 2014 if plans drawn up by a consortium of brokers are ratified by the Dutch authorities at a meeting on June 12. 1 May 2013
Insurance
Bosphorus 1 Re, a newly formed catastrophe bond shelf program that will provide protection to the Turkish Catastrophe Insurance Pool (TCIP), has placed its first tranche in the form of a $400 million cat bond. 1 May 2013
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