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Capital from third-party investors drove reinsurance market rates on line (ROLs) down at the July 1 renewals, as pricing in the capital markets broke away from levels set by the traditional market for the first time. 10 July 2013
News
Guy Carpenter has agreed to acquire South Portland, Maine-based Smith Group, a specialist disability reinsurance risk manager and consultant. 7 July 2013
News
The largest catastrophe bond to cover European wind risk has closed. Green Fields II Capital is a €280 million bond that will provide Groupama with protection against French windstorm losses for three and a half years. 3 July 2013
News
The consensus that the rapid growth of the third-party reinsurance capital and insurance-linked securities markets could harm certain reinsurers reliant on traditional books of business is growing. 26 June 2013
Insurance
Broker Guy Carpenter has launched a new Mutual Company Specialty Practice, which will focus exclusively on the unique needs of mutual insurance companies. 25 June 2013
Insurance
Miller has appointed Simon Weaver as head of Asia with effect from September 1 2013. 24 June 2013
News
JLT Reinsurance Brokers (JLT Re) has appointed Charles Withers-Clarke as head of its Bermudian operation. 21 June 2013
News
Zurich-based investment firm Twelve Capital will assume the investment management function of the insurance-linked securities (ILS) business of the Swiss wealth management boutique Falcon Private Bank. 14 June 2013
Insurance
Kramer Levin Naftalis & Frankel has appointed Daniel Rabinowitz as a partner in the firm’s Insurance Practice Group. Rabinowitz, who will be based in New York office, specialises in transactional and regulatory advice in the insurance industry. 12 June 2013
Awards
Reputation, efficiency and excellent client service are some of the qualities respondents say they seek in business partners across all areas of the reinsurance industry, according to a recent snapshot of answers received by researchers working on Intelligent Insurer’s annual Global Awards Survey. 11 June 2013
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