Boosted by strong earnings in the fourth quarter of 2013, American International Group (AIG) posted strong profits for 2013 more than doubling its net income for the year compared with 2012.
XL Group’s specialty businesses in the US are extending the coverage of equine, aviation, yacht, fine art, and kidnap, ransom & extortion for high net worth private customers.
AXA Assistance has promoted Eoin Lyons to chief operating officer from his role as general manager of AXA Assistance in Ireland. Former head of account management, Paul Moloney will assume Lyons’ vacated position, as well as the role of account director for key strategic AXA Assistance UK clients.
Insurance manager Kane has extended its US team with the appointment of Monica Everett as business development director and Hannah Hayes as business development associate.
Zurich-based reinsurer Weisshorn Re AG has appointed Patrick Kelleher as CEO and delegate to the board of directors. Kelleher has experience leading re/insurance businesses on an international scale and risk management experience across a range of life and non-life insurance businesses.
As floods continue to ravage the UK, California faces the lowest precipitation in recorded history for the state which has already led to exceptionally severe drought conditions in the area according to Guy Carpenter.
Qatar Insurance Company (QIC) is to acquire Antares Holdings, a specialist insurer and reinsurer operating in the Lloyd’s market
AlphaCat Managers, the ILS investment adviser that is a subsidiary of Validus Holdings, has appointed Jo Anne Stanton as senior vice president and chief financial officer of AlphaCat.
In what its CEO described as a year containing the “most dramatic changes in our history” Lancashire Holdings reported broadly stable results for the full year 2013 with small decreases in its profits and premiums but an increase in its return on equity (ROE) for the year.
ANV Holdings BV, the Dutch headquartered specialty insurance business, has appointed Jonathan Thorpe as head of claims for all ANV Syndicates. He was formerly head of claims and legal counsel for Syndicates 5820 and 779.