Swiss insurance investment manager Twelve Capital has issued its second private cat bond.
Impact Forecasting, the catastrophe model development unit of Aon Benfield, has launched a new European windstorm model. Windstorm is the number one peril in Europe, causing the highest annual insured losses, according to the broker
SCOR’s acquisition of Generali US last year combined its rapidly growing status as a truly global and highly rated reinsurer – at a time when many big cedants are rationalising their reinsurance panels – helped the reinsurer post a record profit in 2013 while also enjoying substantial growth.
Aon Risk Solutions, the risk management business of Aon Corporation, has appointed Mark Parker as director in the Aon Global Broking Center, which is led by Luigi Sturani.
HCI Group, which has substantial property/casualty operations in Florida, posted strong growth in 2013 partly as a result of its ongoing policy of transferring tranches of policies from the state-owned Citizens Property Insurance Corporation, a policy that started in 2009.
Berkshire Hathaway Specialty Insurance (BHSI) has introduced a healthcare umbrella policy designed to address the exposures of large medical providers in today’s ever-changing healthcare environment.
American International Group (AIG) has altered the senior leadership in its commercial insurance business.
Re/insurer Hiscox has selected an IT provider whose products it will use as a common platform for its global retail insurance business.
The Ministry of Finance of Azerbaijan has awarded the first licenses to insurance companies that will allow them to offer reinsurance services only.
Guy Carpenter has made several changes to its senior leadership team including appointing a new CEO of Continental Europe.