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Munich Re has appointed Jean Vernor as head of incubator, new strategic markets, for Munich Reinsurance America. 5 June 2018
Insurance
Schinnerer Group, an underwriting manager of specialty insurance programmes, has rebranded as Victor Insurance Holdings. 5 June 2018
Insurance
Re/insurer XL Catlin has appointed Donnacha Smyth as president and Carla Greaves as new chief underwriting officer (CUO) of its global excess casualty insurance division. 5 June 2018
Insurance
Tower Insurance, a part of RSA Group, has appointed Emmet McQuillan as managing director, succeeding Peter Gallagher who has led the Isle of Man-based insurer for nine years. 5 June 2018
Insurance
RSA Insurance Group has received licence approval for its new insurance subsidiary in Luxembourg from the regulator Commissariat aux Assurances (CAA). 5 June 2018
Insurance
Fidelis Insurance Holdings has formed a new Bermuda-domiciled special purpose insurer, which it plans to use to provide collateralised capacity support for Fidelis’ reinsurance portfolio. 4 June 2018
Alternative Risk Transfer
Lloyd’s broker AFL Insurance Brokers has launched Agile Risk Advisory (ARA), a specialist business focusing on providing evidence-based risk advice and new insurance-linked-securities (ILS) opportunities. 4 June 2018
Insurance
Specialist credit and political risk insurance broker BPL Global has established a branch in Geneva through its French subsidiary. Philippine de Villèle will join from UBS to head the office. 4 June 2018
Alternative Risk Transfer
A continued glut of capacity dampened rate increases in the recent June 1 renewals for Florida property-cat business. While rates did increase by 1.2 percent, the first rise in seven years, pricing remains 40 percent down on 2012, according to a new report by JLT Re. 4 June 2018
Insurance
After severe losses in 2017, predictions for the 2018 hurricane season suggest that this year’s hurricane activity will not be anywhere near as bad, according to a new Fitch Report. 4 June 2018
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