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In June, Swiss reinsurance broker Reunion held its third round table discussion in Montreux, Switzerland, discussing the coverage of engineering and construction risks in Russia. What follows is a snapshot of a part of the discussion focused on risk management. 1 September 2013
Insurance
Berkshire Hathaway’s recent arrangement with Aon, whereby it takes a 7.5 percent quota share on all retail subscription business with some Lloyd’s participation, has caused controversy in the industry. Intelligent Insurer asked a range of industry figures: “Do you believe it represents an innovative blueprint of things to come in the industry, or a potential threat to underwriting expertise?” 1 September 2013
News
Run-off specialist Catalina Holdings (Bermuda) will now acquire American Safety Reinsurance (ASRe), a Bermuda subsidiary of American Safety Holdings, which is itself merging with financial services holding company Fairfax Financial Holdings, displacing Tower Group International on the deal. 21 August 2013
Insurance
Equinox Global, the Lloyd’s cover holder specialising in trade credit insurance, has announced Joe McNamara as vice president – Credit and Political Risk, at Equinox Global in New York and Dagmar Böhning as underwriting manager, at Equinox Global in Hamburg, Germany. 20 August 2013
Insurance
Specialist insurer, Markel has appointed Matthew Cannock as managing director of Markel International in Singapore. Cannock will replace Peter Phillips, who has led Markel’s operations in Asia Pacific since 2007. 19 August 2013
Insurance
BMS Associates has appointed Dane Douetil as its new group chief executive officer. 19 August 2013
Insurance
Mitsui Sumitomo at Lloyd’s, the UK non-life insurer, has appointed two underwriters as its Syndicate 3210 seeks to diversify products and distribution. 7 August 2013
Insurance
Lancashire Holdings has entered into conditional agreements to acquire Cathedral Capital, the privately owned Lloyd's insurer, from Alchemy Partners and Cathedral management for £266 million in cash. 7 August 2013
Insurance
XL Group has appointed David Guest as underwriting manager, crisis management, Asia. 2 August 2013
Insurance
Barbican Group Holdings has appointed Ken Curtis as chief executive of Barbican Managing Agency effective from September 2 2013. 31 July 2013
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