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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
Specialist global insurer Hiscox has appointed Simon Zelenoy, formerly of Argo, to develop its London market business in Brazil. 9 July 2014
News
Kinesis Capital Management (KCM), the third-party capital management division of Lancashire, has carried out its mid-year draw, in line with its planned biannual regular offering. 9 July 2014
Alternative Risk Transfer
HSZ Group, a Hong-Kong-based investment management company that specialises in ILS investment and Chinese equities, has appointed Stefan Kräuchi as chief executive officer (CEO). 8 July 2014
News
US insurer Assurant, a sophisticated and large buyer of catastrophe protection for US risks, has revealed multiple enhancements to its reinsurance programme as it leverages both lower traditional reinsurance rates and the healthy appetite of cat bond investors. 8 July 2014
Insurance
Endurance Specialty has appointed Mark Maritzen as executive vice president and head of commercial property within its US insurance operation. 8 July 2014
News
Guy Carpenter is the latest authority to confirm softening in the reinsurance market, as it reported that “market pressures at July 1 renewals continued to drive price decreases across virtually all geographies and lines of business, many in the double digit range.” 8 July 2014
Insurance
Amlin has increased its interest in Leadenhall Capital Partners (LCP), an investment manager in re/insurance-linked securities, to 75 percent. 7 July 2014
Alternative Risk Transfer
The decision by Munich Re to pull the plug on its recent catastrophe bond Queen Street X Re is not indicative of any wider uncertainty in the insurance-linked securities (ILS) markets with investor demand still robust at the right price. 4 July 2014
Insurance
Broker Jardine Lloyd Thompson (JLT) has acquired a 26 percent stake in Independent Insurance Brokers (IIB). 3 July 2014
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