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The Cincinnati Insurance Company, one of the biggest 25 insurance companies in the US, has completed a $100 million cat bond that transfers the company’s risks associated with earthquakes on a per-occurrence basis, as well as severe convective storm losses on an aggregate basis. 27 January 2014
Insurance
Novae Group, the specialist listed Lloyd’s insurer, has appointed Cliff Payne as class underwriter energy. He joins from Marsh. 22 January 2014
article
Pacific Investment Management Company (PIMCO), the US-based asset management subsidiary of Allianz, has reorganised its leadership structure. 22 January 2014
Insurance
Governments and businesses must unite to tackle the world’s biggest risks if society is to prevent some having a devastating effect on the global economy. 17 January 2014
News
PERILS, catastrophe insurance data specialist, believes that Windstorm Xaver, which affected Western and Northern Europe in early December last year, will cost the industry some €680 million. 16 January 2014
News
JLT Specialty Limited (JLTSL), part of Jardine Lloyd Thompson (JLT), has been fined £1.88 million by the UK Financial Conduct Authority (FCA) for failing to have appropriate checks and controls in place to counter the risk of bribery and corruption. 3 January 2014
Insurance
Willis Group Holdings has appointed Seth Peller to the newly created role of global head of casualty, effective January 2014. 23 December 2013
Insurance
Canopius, the privately-owned re/insurance group which operates from Lloyd’s, has responded to rumours that it is to be bought by Japanese insurer Sompo for £600 million 16 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
Insurance
Brian Duperreault, the insurance industry veteran who will head up Hamilton Insurance Group, the Bermuda holding company set to acquire SAC Re, believes the company can set new standards in the way advances in data analytics, research, and technology will be harnessed to better understand risk. 11 December 2013
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