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Insurance
The insured losses from the snowstorms in Japan in February have surpassed $1 billion despite early estimates predicted at nearly half of that. 7 April 2014
Alternative Risk Transfer
The recently closed $245 million catastrophe bond issued by Tokio Marine & Nichido Fire Insurance could prompt other big Japanese insurers to also tap the insurance linked securities (ILS) markets as an alternative means of risk transfer. 4 April 2014
Insurance
Broker Arthur J Gallagher has acquired Mike Henry Insurance Brokers (MHIB), headquartered in Auckland, New Zealand. 4 April 2014
Insurance
Asta, the Lloyd’s third party managing agent, has taken over as the managing agency to Skuld Syndicate 1897. The syndicate was previously managed by R&Q Managing Agency. 4 April 2014
News
RK Harrison, the London-based wholesale and reinsurance broker, has broken through the £100 million barrier following a substantial increase in its turnover for the year ending June 30, 2013. 3 April 2014
News
Reinsurance rates softened across nearly classes and geographies in the April renewals, according to Willis Re. 3 April 2014
Insurance
The chief executive of Novae Group, the re/insurer which operates predominantly through Lloyd’s syndicate 2007, has said the group is open to potential acquisitions in 2014 after posting solid 2013 results. 3 April 2014
News
SCOR has secured approval to act as a managing agency at Lloyd’s. It will now manage its own syndicate in the market replacing Asta Managing Agency. 2 April 2014
Insurance
Scandinavian marine insurer Skuld has appointed Ståle Hansen as chief executive officer, with effect from February 1, 2015. 1 April 2014
Insurance
Kiln, the international specialist insurance and reinsurance underwriting business which is part of the Tokio Marine Group, has appointed Anja Bussemas as claims manager for its Accident & Health division in Germany. 1 April 2014
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