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Insurance
Hiscox joins Lloyd’s Brazil reinsurance platform
Hiscox has become the latest insurer to join the Lloyd’s Brazil reinsurance platform. It joins ten existing businesses that already use the platform.   11 April 2014
Alternative Risk Transfer
Strong ILS issuance forecast for second quarter
Strong levels of investment-linked securities (ILS) issuance are expected in the second quarter of 2014 as issuers benefit from reduced spreads, improved speed to market and more flexible terms.   11 April 2014
Insurance
AIR integrates third-party data and models
Catastrophe modelling firm AIR Worldwide has begun integrating third-party catastrophe data and models within its Touchstone risk modelling software platform.   10 April 2014
Insurance
Excess capital and competition hit April renewals
Strong balance sheets, an abundance of capacity and a consolidation of buying led to lower reinsurance pricing across most territories and business segments at the April renewals.   10 April 2014
Insurance
Brit hires LATAM leader from PartnerRe
Specialty re/insurer Brit has appointed Juan Calvache, formerly of PartnerRe, to lead its new Miami-based Latin American business.   10 April 2014
Insurance
ACE forms global property engineering unit
ACE Group, a global property and casualty insurer, has established a global property engineering unit to provide global engineering risk management services.   10 April 2014
News
Insured losses hit $7bn in first quarter
While insured losses globally in the first quarter of the year were low, insurers must be prepared for the severity of events that typically hit later in the year, according to Aon Benfield.   10 April 2014
Insurance
Energy sector to boom at mid-year renewals
Energy insurance buyers will benefit from renewed competition and a softening of energy insurance at their mid-year policy renewals.   9 April 2014
Insurance
AXA acquires 51% of Colpatrias
Insurer AXA has acquired a 51 percent stake in Colpatria Seguros, the insurance operations of Grupo Mercantil Colpatrio, in Colombia, for COP672 billion ($344 million).   7 April 2014
Alternative Risk Transfer
Underwriting discipline wanes as ILS intensifies
Underwriting discipline could nosedive as levels of alternative capacity intensify, according to a report by rating agency AM Best.   7 April 2014

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