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Insurance
Reinsurance Group of America (RGA), the life and health-related reinsurance group, has promoted Todd Larson to the role of senior executive vice president and chief financial officer (CFO), effective May 1, 2016. 8 March 2016
Insurance
Re/insurer HCI Group posted a profit of $65.9 million in 2015, up from $62.7 million in 2014. 4 March 2016
Alternative Risk Transfer
XL Catlin has completed a $300 million catastrophe bond protecting itself against a mixture of windstorm and earthquake risk in the US, Canada and Europe. It is the first time the company has used this form of protection since XL Group acquired Catlin. 3 March 2016
News
Pool Re, the mutual reinsurer that provides terrorism cover for commercial property in the UK, has renewed the reinsurance cover purchased in 2015 for a further three years. 3 March 2016
Alternative Risk Transfer
The London Market Group, the body formed to modernise the risk-transfer sector in London, has welcomed a consultation document released by the UK’s HM Treasury covering the key aspects of how a regulatory framework allowing the issuance of Insurance Linked Securities (ILS) would work. 1 March 2016
Insurance
Re/insurance broker Jardine Lloyd Thompson Group (JLT) posted an underlying profit before tax of £170.1 million in 2015, down 7 percent on 2014, which it said was a reflection of big investments it has made growing its fledgling business in the US. 1 March 2016
Insurance
Global re/insurance company XL Group is planning to redomesticate its parent holding company’s place of incorporation to Bermuda from Ireland. 29 February 2016
Insurance
Century Underwriting has launched a professional indemnity and directors and officers (D&O) service to accompany its existing property owners and motor fleet business units. 26 February 2016
Insurance
US insurance broker BB&T Corporation is to acquire CGSC North America Holdings from wholesale insurance broker Cooper Gay Swett & Crawford. 25 February 2016
Insurance
Pioneer Underwriters, the underwriting group within Minova Insurance Holdings, has launched a new operational power underwriting capability. 24 February 2016
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