With some 14,000 unique responses already gathered, the first stage of the annual Global Reinsurance Survey being conducted by the Intelligent Insurer in-house research team will shortly close.
XL Group will offer insurance programmes for sports and entertainment industries in a joint underwriting venture between its North America Programmes business and American Specialty Insurance & Risk Services.
The European Parliament has approved the Omnibus II Directive, finalising the new risk-based regulatory framework for Solvency II.
Hannover Re has appointed Sven Althoff as a member of the executive board with effect from August 1, 2014. He will serve alongside Jürgen Gräber and Michael Pickel, assuming responsibility for non-life reinsurance.
Willis Global has appointed Pietro Menghi as director of Strategy and Transformation, the division which includes Willis’ specialist brokerage and consulting services. Menghi will be based in London and report to Steve Hearn, chairman and CEO of Willis Global.
Generali Real Estate, a real estate company formed in 2012 by Italian insurer Generali, has appointed Christian Delaire as CEO.
XL Group has strengthened its marine team with the appointment of Bert Nelen as chief underwriting officer, Europe and Rod O’Malley as senior class underwriter, Cargo.
German insurer Allianz has confirmed that it is the lead insurer for Malaysia Airlines following the disappearance of one of the airline’s jets over the Pacific Ocean on Saturday.
Claims management company GAB Robins UK has appointed Andrew McDonald and Mike Hornby as senior adjustors.
Standard & Poor’s (S&P) is open to rating new risks that could be covered using insurance-linked securities (ILS) but terrorism risk could be a step too far for the rating agency, despite calls from some investors for the ILS market to consider this risk.