Specialist lines underwriting agency CFC has hired a senior executive from Beazley to lead its cyber, technology and media division.
Argo International has hired an experienced marine underwriter from RSA.
One of the biggest shareholders in Aspen Insurance sold a large percentage of its stock in the insurer in the first quarter, it has emerged.
Tower Group has rejected a competing bid from European insurer Euroins Insurance Group (EIG), stating that the offer was inferior.
US property and casualty (PC) insurers suffered losses throughout the first quarter of 2014, driven primarily by higher weather-related losses and elevated non-CAT losses.
Sole Indian reinsurer General Insurance Corporation (GIC) is actively evaluating the feasibility of issuance of catastrophe bonds which may be floated in a different country.
Cooper Gay has appointed Charles Gibbs, formerly of Marsh, as managing director of marine within the marine and aerospace division.
Against growing competition, Germany’s third largest insurer, Talanx, has reported a reduction in Q1 profits, but remains on target to reach its annual profit of €700 million.
Independent investment manager Twelve Capital has closed its insurance private debt strategy following maximised demand. Since its launch in November, the strategy has attracted $400 million in subscriptions.
Rating agency AM Best has upgraded the issuer credit rating and outlook for the Dubai Insurance Company (DIC) following the insurer’s strong operating results and risk-adjusted capitalisation.