Montpelier Reinsurance has appointed Dr Gero Michel to the new position of head of risk analytics.
European Commission proposals that aim to improve consumer protection pose significant challenges for providers and distributors in the insurance market, according to several industry groups.
Hyperion Insurance Group has announced its acquisition of Windsor Limited from the management and employees and their institutional backer Hutton Collins Partners LLP.
Investment bank BlackRock has announced the purchase of Swiss Re Private Equity Partners AG (SRPEP), the European private equity and infrastructure fund of funds franchise of reinsurer Swiss Re.
63 new licences have been issued and 11 surrendered during the first five months of 2012, meaning that the number of international insurance entities licensed in Guernsey has grown by 52 over that period.
Towers Watson Capital Markets last week arranged a private placement catastrophe bond, Oak Leaf Re 2012-1, which closed at $22.78 million.
The board of the Association of British Insurers (ABI) has appointed Tidjane Thiam to be the association’s next chairman.
Helen Chapman has been appointed partner in the insurance and reinsurance group of Hogan Lovells.
The property-casualty industry is unlikely to see a return to a traditional hard market either this year or next, despite price increases on some lines of business over recent months.
Five title underwriters have formed a reinsurance alliance with Lloyd's of London, called The American Title Reinsurance Alliance.