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$1.6 billion of new cat bonds issued in Q1

Asia Pacific, Europe, Latin America, MENA, North America20-05-2013Alternative Risk Transfer News, Reinsurance News

Some $1.6 billion of new issuance catastrophe bond transactions – made up of five bonds – took place in the first quarter, according to Willis Capital Markets & Advisory (WCMA), part of re/insurance broker Willis Group Holdings.

RenaissanceRe names new CEO

North America16-05-2013Reinsurance News

From July 1, 2013, Neill Currie will retire as chief executive of RenaissanceRe. He will be replaced by Kevin O’Donnell, the president of RenaissanceRe Holdings. Currie will continue in an advisory capacity through the conclusion of his contract in February 2014.

Beazley hire to target Latin America

Latin America, North America15-05-2013Reinsurance News

Beazley has appointed Paul Felfle into its reinsurance team to develop its Latin American business. He will be based in Miami.

Tokio Millennium Re switches to Switzerland

Bermuda, Europe, North America15-05-2013Reinsurance News

Tokio Millennium Re (TMR) plans to move its place of incorporation from Bermuda to Switzerland.

Sirius Group forms dedicated ILS team

Bermuda, North America15-05-2013Alternative Risk Transfer News, Reinsurance News

Sirius International Group, the Bermuda-based reinsurance unit of White Mountains Insurance Group, has formed a dedicated team to target the Insurance Linked Securities (ILS) reinsurance capital markets convergence arena.

XL targets Shariah compliant products

MENA08-05-2013Insurance News, Reinsurance News

Through a binder relationship with Cobalt, an underwriting agency specifically created to provide Shariah compliant commercial insurance and reinsurance products, XL Group has assigned a team of underwriters to focus on this rapidly growing market.

Cat bond issuance on track for record

Asia Pacific, North America08-05-2013Reinsurance News

The catastrophe bond market remains on course to potentially enjoy its most prolific year ever, despite apparent low levels of issuance in the first quarter.

Sanctions are a growing burden for insurers

Europe08-05-2013Insurance News, Reinsurance News

The growing use of international sanctions is increasingly hindering global insurers and reinsurers which must tread increasingly carefully when navigating what has become a complex web of rules and regulations around this issue.

Markel unveils new units following Alterra deal

North America02-05-2013Insurance News, Reinsurance News

Markel Corporation has revealed plans to launch two new businesses following its acquisition of Alterra Capital Holdings, which secured regulatory approval yesterday (May 1).

American Coastal ponders first cat bond

North America01-05-2013Insurance News, Reinsurance News

American Coastal Insurance Company, the Florida insurer, has reportedly started marketing a cat bond that would provide it with Florida wind protection. This would be the first time that American Coastal will have used the capital markets to secure coverage.

Showing 16981 to 16990 of 17218 results

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