Swiss insurer, Gebäudeversicherung Bern (GVB), has launched the first ever Swiss Franc catastrophe bond.
Berkshire Hathaway Specialty Insurance (BHSI) has received an insurance license to carry business in and from Hong Kong and made a number of hired from AIG.
Acappella Group, the company funded by Willis and Ironshore, has launched as an insurance holdings company.
The former Law Commissioner for commercial and common law has joined risk and insurance law business, BLM, as a consultant.
Re/insurance broker BMS has appointed Steven Herbert as director of its specialty reinsurance division.
Specialty re/insurer Brit has launched a new Bermuda-based special purpose reinsurer to provide collateralised capacity support for Brit’s property treaty portfolio.
Insurance Australia Group (IAG) has finalised its catastrophe reinsurance programme which will provide up to $7 billion of protection.
CATCo Reinsurance Opportunities Fund, the reinsurance and retrocessional reinsurance fund, is set to return $35 million to investors, approximately 10 percent of the company’s market capitalisation.
Broker Brown & Brown has sold its reinsurance arm, Axiom Re, to broker Beach & Associates as part of its strategy to exit the reinsurance brokerage space.
Reinsurance Group of America has completed a deal which will see its primary US operating company, RGA Reinsurance, retrocede a block of US individual life business to Pacific Life.