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Insurance
ACE appoints casualty manager
ACE Group has appointed Mark Roberts as casualty manager for the UK and Ireland.   10 April 2013
Insurance
Solvency II will focus minds, trigger run-off
New proposed capital requirements under Solvency II will force re/insurers to both reassess their strategic priorities – potentially placing non-core business into run-off – while also selling discontinued books of businesses to specialist third parties.   9 April 2013
Alternative Risk Transfer
Cedants can’t ignore cat bond pricing
Extremely competitive pricing is tempting yet more cedants to use the capital markets to offset their risks as the pipeline of cat bonds continues to grow.   8 April 2013
Insurance
Hiscox appoints into property cat team
Hiscox Bermuda has expanded its US property-catastrophe team with the appointment of Bill Lazzaro as vice president – underwriting.   3 April 2013
Insurance
Willis acquires Prime Professions
Willis Group Holdings, through its subsidiary Willis Limited, has agreed to acquire PPH Limited and its subsidiary Prime Professions Limited, a UK-based professional indemnity insurance broker.   3 April 2013
Insurance
2012 cat losses illustrate value of insurance
Nine of the ten most expensive insured loss events globally happened in the US in 2012 while the high insurance penetration in North America meant that $65 billion, over half of the $119 billion in economic losses in the region, were covered by insurance.   3 April 2013
Alternative Risk Transfer
Expect a bumper year for cat bonds
A combination of strong new issuance and the fact that few bonds mature this year mean the reinsurance industry should expect 2013 to be a bumper year for cat bond issuance.   3 April 2013
Insurance
EIOPA proposals would double regulatory burden
Accountancy firm KPMG has expressed concerns over consultation papers released by the European Insurance and Occupational Pensions Authority (EIOPA) which the regular proposes should be adopted by national supervisors from January 1, 2014.   3 April 2013
Insurance
General Atlantic buys into Hyperion
Global growth equity firm General Atlantic has bought a 30 per cent stake in Hyperion Insurance Group, the international intermediary. The deal values the company at an equity value of £250 million.   3 April 2013
Insurance
Solvency II delay gives time to organise run-off
The latest delay to the implementation date of Solvency II, which many now not come into force until January 2016, represents welcome breathing space for many insurers and reinsurers yet to make firm decisions on how to deal with legacy business and run-off portfolios.   3 April 2013

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