Aspen Insurance’s board of directors has again officially rejected Endurance’s bid to buy the business urging its shareholders to reject the involuntary scheme of arrangement Endurance is now pursuing describing the tactic as a “desperate attempt to force through an inadequate offer for the business”.
There is a great desire among risk managers for insurers to innovate, according to AIRMIC chairman Chris McGloin, speaking at the opening of this year’s AIRMIC risk management conference.
The renewal process should start up to 60 days earlier than it does presently to allow the buyer of insurance to have the policy that they want and expect on day one of the insurance period.
Computers are riddled with security vulnerabilities and there is no easy way to patch them. Even more disturbingly, anti-virus companies are starting to admit that they cannot keep up with the deluge of computer-generated viruses now attacking computer systems on a daily basis.
Peak Reinsurance Company, the Hong Kong based reinsurer, has delivered an encouraging set of financial results for 2013, its first full year of underwriting operations.
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon, has appointed Ferhan Ozay as chief executive officer (CEO) of its Turkish team, based in Istanbul.
Jardine Lloyd Thompson Capital Markets (JLTCM) has closed its second Market Re private placement cat bond (Market Re 2014 -2) at $31.825 million.
Ironshore Canada has entered the commercial property market following licensed approvals to provide property coverage products to select, specialty sectors in every Canadian province, except Quebec.
Cunningham Lindsey has launched a forensic advisory service (FAS) in the UK which will provide providing forensic accounting, economic loss quantification, and financial analysis.
Marsh has appointed Robert Makhoul to the position of executive chairman, Marsh Middle East and North Africa (MENA). Steve Lundin, currently general manager of Marsh China, succeeds him as chief executive officer, Marsh MENA.