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Insurance
Re/insurance firm Jardine Lloyd Thompson Group (JLT) has reached a settlement and concluded litigation with Willis regarding certain employment related disputes involving the fine arts, jewellery, and specie team hired by JLT from Willis in 2015. 11 April 2016
Insurance
Paul Newson has resigned from his role of head of accident and health (A&H) at Novae after just three months in the position. 7 April 2016
Alternative Risk Transfer
RMS has launched a new so-called Cat-in-a-Box, cloud-based app which allows users to independently assess and underwrite parametric contracts for a small group of cedants, brokers, and underwriters to re/insurers or insurance-linked securities (ILS) funds. 7 April 2016
Insurance
Insurers and reinsurers issued approximately $2 billion in catastrophe bonds in the first quarter of 2016, up 35 percent from last year’s record result, according to the latest Catastrophe Bond Report by Verisk Insurance Solutions. 7 April 2016
Alternative Risk Transfer
Artex Risk Solutions, subsidiary of broker Arthur J Gallagher, is to buy a company that offers protected cell company (PCC) facilities to the insurance-linked securities (ILS) industry – a move it said strengthens its offering in this sector. 30 March 2016
News
China Goldjoy Group, a company primarily engaged in the development of technology, has announced that it has agreed to buy a group of companies engaged in the reinsurance business globally – however, it has not revealed the name of the company it plans to buy. 29 March 2016
Insurance
Terrorism threats are gradually increasing and that today’s policies are not meeting today’s evolving threat, according to a new report by JLT Re and JLT. 24 March 2016
Alternative Risk Transfer
With the right investment strategies alternative capital can have a significant positive impact on most investors’ overall portfolios, as Paul Schultz, CEO of Aon Benfield Securities, explains. 24 March 2016
Alternative Risk Transfer
Brian Tobben, chief executive officer of Aspen Capital Markets, takes a closer look at the capital markets’ return requirements for catastrophe risk. He suggests that as the Insurance Linked Securities (ILS) market matures investor return targets for catastrophe risk will be primarily driven by long term average corporate bond spreads. 24 March 2016
Insurance
Fosun International, the parent company of insurer Ironshore, is considering pursuing an initial public offering (IPO) of Ironshore ordinary shares. 22 March 2016
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