Peruvian re/insurer Rimac Seguros has been authorised to offer reinsurance coverage in Colombia.
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 Group has appointed Alexis Faber as practice leader of FINEX North America, Willis’ management liability specialty practice group.
Aon Benfield has hired Luis José Pardo, formerly of Rimac Seguros, as chief executive officer of Aon Benfield Peru.
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.
Insurer XL Group has appointed Rubén Chanona, formerly of AIG, as senior marine underwriter in Mexico to lead its Mexican marine insurance business.
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.
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.
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 Group, the specialist listed Lloyd’s insurer, has appointed Reeken Patel, formerly of PricewaterhouseCoopers (PwC), as its chief risk officer.