Rimac enters Colombian market
Peruvian re/insurer Rimac Seguros has been authorised to offer reinsurance coverage in Colombia.
Fairfax acquires 80% stake in Batavia
Financial services holding company Fairfax Financial, through its wholly-owned subsidiary Fairfax Asia, has entered into a share purchase agreement to acquire 80 percent of PT Batavia Mitratama Insurance, an Indonesian insurer.
Willis appoints FINEX practice leader
Willis Group has appointed Alexis Faber as practice leader of FINEX North America, Willis’ management liability specialty practice group.
Aon Benfield appoints Peru CEO
Aon Benfield has hired Luis José Pardo, formerly of Rimac Seguros, as chief executive officer of Aon Benfield Peru.
XL rebrands North American casualty business
Insurer XL Group has rebranded its North American primary casualty business to reflect its global reach. The division is now called XL Group’s global risk management business.
XL hires marine underwriter from AIG
Insurer XL Group has appointed Rubén Chanona, formerly of AIG, as senior marine underwriter in Mexico to lead its Mexican marine insurance business.
Continental Re expands into North Africa
Continental Reinsurance, Africa’s largest private reinsurer outside of South Africa, has expanded into North Africa with the opening of a regional office in Tunis and introduced a Sharia-compliant Takaful offering.
Brown & Brown acquires Pacific Resources
Broker Brown & Brown has acquired Pacific Resources Benefit Advisors, an independent employee benefits advisory firm, which had net revenues of $22.7 million in 2013.
BMS hires exec from Ascot; appoints Canada CEO
Broker BMS has made changes to its senior leadership with the appointment of Dawnmarie Black as senior vice president of the group and the appointment of Brian Gomes as chief executive officer of BMS’s Canadian operations.
Novae appoints CRO from PwC
Novae Group, the specialist listed Lloyd’s insurer, has appointed Reeken Patel, formerly of PricewaterhouseCoopers (PwC), as its chief risk officer.
