In a continuing trend, reinsurance pricing fell at the January 2015 renewals in almost all lines of business and geographies.
A series of ‘firsts’ seen by the insurance-linked securities (ILS) market in 2014 have been transformational for the sector, which saw $7.8 billion of issuance, of which $1.5 billion represented the largest catastrophe bond in the market’s history.
Integro Re, the reinsurance division of broker Integro, has appointed Joseph Leotta as a principal in New York.
DUAL, the underwriting arm of the Hyperion Insurance Group, has appointed Ellen O’Connor in a newly created role as chief underwriting officer, property for DUAL commercial.
JLT Specialty Insurance Services, a US subsidiary of Jardine Lloyd Thompson (JLT), has strengthened its energy team with a number of appointments.
The chief executive officer (CEO) of The Hartford, Christopher Swift, has been elected as chairman of the board of directors.
OdysseyRe has reshuffled its executive management team following the appointment of its EMEA chief executive officer (CEO) to the position of CEO for the Asia-Pacific region.
Insurance coverage for AirAsia’s flight 8501 could be at risk after it was unveiled that the airline was not authorised to fly the route it took on December 28, 2014.
US insurer Travelers has appointed Jacqueline Hall-Shaw as product manager for its financial institutions (FI) team.
Despite being only six days into the year, the marine insurance market has already taken a battering with three claims underway.