Colin Marshall, a founding partner and the chief executive of Besso Group, is to step down amid a number of wide ranging changes at the company.
The ILS market has seen encouraging and solid growth, despite debate and skeptism on the durability of the capital flow into the sector.
Speculation continues to mount around which two reinsurers will likely join forces next following the already confirmed deals involving XL-Catlin, AXIS Capital-PartnerRe and RenaissanceRe-Platinum Underwriters.
The old adage of ‘in a soft market you want a consultant, in a hard market you want a broker’ is simply not true anymore, Eric Andersen, CEO of Aon Benfield, told delegates at the Economist’s Insurance 2015 event yesterday (March 3).
The increasing instability of oil-producing countries is the largest risk facing emerging markets investors as a result of the low oil price, according to Aon Risk Solutions’ 2015 Political Risk Map.
Run-off specialist Enstar has reported a significant turnaround in year pro forma net earnings of $4.3 million, compared with a net loss of $74 million in 2013 for its active underwriting operation, Torus.
The British Insurance Brokers’ Association’s (BIBA) Smaller Brokers' Advisory Board has appointed Andrew Gibbons, managing director at Mason Owen Financial Services as chairman.
Specialist lines underwriting agency, CFC, has strengthened its corporate cyber practice, with the appointment of Jamie Bouloux.
Global reinsurer Sequant Re has appointed Lola Myshketa, former head of asset management of Bermuda Commercial Bank, as executive vice president.
SCOR Global Life and RGA Life Reinsurance Company of Canada (RGA Canada), a subsidiary of Reinsurance Group of America (RGA), have entered into a longevity insurance transaction with Sun Life Assurance Company of Canada (Sun Life) in a deal that represents the first of its type for the North American market.