Endurance Specialty Holdings has appointed Christopher Smith as a senior vice president with responsibility for building and leading a new Ocean Marine insurance unit writing bluewater hull, brownwater hull, marine liability and cargo coverage.
The Reinsurance Association of America (RAA) has appointed Tad Walker, president and chief executive officer of PartnerRe North America, as the chair of its board of directors.
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.
Aon Benfield has today launched a specialist team to address client challenges in the construction and engineering sector.
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.
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.
New criteria for rating insurance companies unveiled by rating agency Standard & Poor’s (S&P) this week is likely to result in ratings changes – including downgrades – but it’s not yet clear how many insurers will be impacted.
DUAL, the underwriting arm of Hyperion Insurance Group, has announced a number of senior appointments in its UK operation.
ProSight Specialty Underwriter, an operating Syndicate at Lloyd’s, has appointed Colin Smith as operations manager.
XL Group has appointed Mena Cammett as a senior risk analyst and Dane Mahoney as a risk analyst to its Political Risk and Trade Credit (PRTC) business, which offers coverage for traditional political risk perils.