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Cooper Gay reinsurance CEO resigns

Europe08-07-2014Reinsurance News

Cooper Gay and Newman Martin and Buchan (NMB) have appointed a new chief executive of the firms’ combined reinsurance business following the resignation of the previous CEO.

Assurant negotiates enhanced cat protection

North America08-07-2014Reinsurance News

US insurer Assurant, a sophisticated and large buyer of catastrophe protection for US risks, has revealed multiple enhancements to its reinsurance programme as it leverages both lower traditional reinsurance rates and the healthy appetite of cat bond investors.

Infinity expands business development team with triple hire

Europe08-07-2014Insurance news

Infinity Agency, the specialist high net worth motor underwriting agency, has appointed Tony Clayton, Shaun Grainger and Mike Staines as business development managers.

Walsh PI rebrands as Triton Adjusting

Europe08-07-2014Insurance news

Walsh PI, the adjusting division of Triton Global, a commercial claims organisation, has been rebranded as Triton Adjusting.

Strongest typhoon of 2014 likely to make landfall

Asia Pacific08-07-2014Insurance news

The insurance industry is following the progress of Typhoon Neoguri, the strongest typhoon to date in 2014, with interest as it roars toward the Japanese coastline.

Double digit price decreases set to continue: Guy Carp

Europe, North America08-07-2014Reinsurance News

Guy Carpenter is the latest authority to confirm softening in the reinsurance market, as it reported that “market pressures at July 1 renewals continued to drive price decreases across virtually all geographies and lines of business, many in the double digit range.”

Systemically risky AIG outlines crisis plans

North America07-07-2014Insurance news

American International Group (AIG) would divest parts of its business and halt policy sales if it got into financial trouble again to avoid having to seek a second public bail out.

Compulsory environmental liability plans should be scrapped

Europe07-07-2014Insurance news

An EU-wide compulsory environmental liability insurance system would not benefit customers and so should not be introduced, according to Insurance Europe, the European insurance and reinsurance federation.

Arch appoints new reinsurance CEO amid reshuffle

Europe, North America07-07-2014Reinsurance News

Arch Capital has made a number of promotions in its reinsurance group to support the recent expansion of the company’s mortgage insurance and reinsurance operations.

Helvetia to buy Nationale Suisse

Europe07-07-2014Insurance news

Swiss insurer Helvetia has agreed to buy Nationale Suisse to create a new Swiss insurance group with a profit potential of more than SFr500 million ($559 million).

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