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Alternative Risk Transfer
The second quarter of 2014 saw some record-breaking figures and significant milestones in the ILS market. Paul Schultz, CEO at Aon Benfield Securities, talks to Intelligent Insurer about new perils, first-time currencies and extending into new sectors. 29 July 2014
Insurance
Aon Benfield’s revenues dropped in the second quarter of 2014 on the back of what it called an unfavourable market impact on treaty business and a decline in its facultative placements. 25 July 2014
Insurance
Aon Risk Solutions, the risk management unit of Aon, has unveiled a technology-based enhancement to WorldAware Solutions, Aon’s travel risk management platform. 24 July 2014
Awards
York International, a subsidiary of York Risk Services Group and a part of York Specialised Loss Adjusting, has appointed Carlos Michel as senior adjuster. 23 July 2014
Insurance
The US Senate has voted to reauthorise the Terrorism Risk Insurance Act (TRIA), the federal terrorism risk insurance programme, in a move that insurers have welcomed. 18 July 2014
News
Allianz Global Corporate and Specialty has confirmed it is the lead aviation hull and liability reinsurer for Malaysia Airlines MH17. 18 July 2014
Insurance
Aon US, a subsidiary of Aon, has completed its acquisition of StoneRiver National Flood Services, and related entities from StoneRiver Group. 16 July 2014
News
Tony Matta, an experienced re/insurance executive responsible for the formation of several new ventures focused on the Latin American region, has formed a new broker targeting the area. 16 July 2014
Alternative Risk Transfer
The insurance-linked securities (ILS) market has seen records smashed as cedants secured $4.5 billion of catastrophe bond coverage in the second quarter of 2014. 9 July 2014
Insurance
Broker Willis Group has appointed of David Martin to the newly-created role of global leader of placement. Steve Hearn, deputy chief executive officer (CEO) of Willis Group, will assume the role of CEO of Willis Insurance UK. 9 July 2014
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