CATCo Reinsurance Opportunities Fund, the reinsurance and retrocessional reinsurance fund, reported a solid performance in its portfolio in the six months of 2014 with no significant insured losses incurred on the portfolio.
Munich Re subsidiary ERGO Insurance Group has acquired Greek insurer ATE Insurance for €90.1 million from Piraeus Bank in a deal that makes it the largest property/casualty insurer in the market.
The chief executive of Catlin Group US’ underwriting hub will move to become CEO of its London hub during the first half of 2015.
Allied World Assurance Company has poached two executives from Arch to help it launch a property line for energy risks in the Canadian market.
The Talanx Group has said it remains on track to meet its 2014 target of a net profit of €700 million after posting its results for the first half of the year.
Oxbridge Re, the reinsurer targeting the Gulf Coast region of the US which raised $26 million via an IPO earlier this year, has posted its first profits as it starts to establish a foothold in the market.
The 15 participating members of the Association of Bermuda Insurers and Reinsurers (ABIR) have reported a record high contract certainty rate for insurance contracts at 99 percent.
JLT Towers Re has appointed Elizabeth Kernan as senior vice president in its specialty practice based in San Francisco.
JLT Specialty has expanded its capabilities with the creation of a crisis management team.
Continental Reinsurance has stepped up its plans for rapid growth in Africa, as it focuses on building its financial and technical capacity in local markets.