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Achmea Reinsurance Company, the Dutch reinsurance group that mainly manages the reinsurance risks of the wider Achmea group, has completed the first indemnity cat bond that transfers Europe windstorm risk into the capital markets for a European insurance sponsor. 22 January 2014
Insurance
Aon has appointed Michael Wolf as vice president and chief counsel – corporate. He will provide legal counsel on corporate and transactional matters. He will also be responsible for the management of all corporate transactions on a global basis. He will report to Peter Lieb, executive vice president and General Counsel of Aon. 21 January 2014
News
Aon Benfield has appointed Stephen Hofmann as its Chicago business leader. He moves from his role as executive managing director within Aon Benfield's treaty team, and as a member of the origination team. 15 January 2014
Insurance
Re/insurers faced natural catastrophe losses of $45 billion in 2013 – 22 percent lower than the ten-year average of $58 billion and the lowest total since 2009, according to Aon Benfield’s Impact Forecasting. 14 January 2014
Insurance
Equinox Global, the Lloyd’s cover holder specialising in trade credit insurance, has appointed Genevieve Ahinful as senior underwriter. She joins from AJG UK. 9 January 2014
Insurance
European windstorms Xaver and Dirk, which hit Europe in December, could cost insurers some €1.16 billion, according to estimates by Impact Forecasting, the catastrophe model development centre at Aon Benfield. 8 January 2014
Alternative Risk Transfer
QBE Insurance Group has completed a $250 million cat bond which is the first such deal to cover Australian perils for a primary insurance company on an indemnity basis. 8 January 2014
News
Aon Benfield has appointed Joe Smith as chief executive officer of its Chile team. 20 December 2013
Alternative Risk Transfer
Global reinsurers’ appetite for pension fund longevity risk is increasing rapidly leading to an increasing number of deals being done that transfer risk into this sector, according to Aon Hewitt, the adviser on the most recent transaction. 17 December 2013
Insurance
Specialist insurers and brokers with deep roots in the professional indemnity business are poised to capitalise on a forecast rapid growth in this market over the next four years. 11 December 2013
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