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Montpelier Re focuses on “preferred signings”

Bermuda07-02-2014Reinsurance News

Despite competition, Montpelier Re achieved a combined ratio of 39 percent during the fourth quarter of 2013 thanks to a benign catastrophe year.

Endurance posts growth despite selective underwriting

Bermuda07-02-2014Insurance news, Reinsurance News

Bermuda-based re/insurer Endurance posted a 4.6 percent increase in group-wide gross written premiums, despite “significant non-renewals” and “reduced participation on contracts” in the reinsurance sector.

Tower International’s CEO resigns

Bermuda07-02-2014Insurance news

Tower Group International (TGI)’s chairman, president and CEO Michael Lee has resigned from the company to “follow personal interests” with immediate effect.

Marsh: pricing down globally in fourth quarter

Asia Pacific, Europe, North America06-02-2014Insurance news, Specialty

Global insurance pricing was down in all areas except the US at the end of 2013 according to Marsh.

Stable XL boosts profits by 62%

06-02-2014Insurance news, Reinsurance News

XL Group posted improved profits for 2013 despite stable premium growth largely thanks to lower losses which were also reflected in an improved combined ratio.

Growing retentions and ILS pressure reinsurers: Hannover Re

Europe, North America06-02-2014Alternative Risk Transfer News, Reinsurance News

Increased retentions by cedants and the growing inflow of capital into alternative risk transfer structures such as ILS combined to create a competitive and highly pressured renewals, according to Hannover Re.

Munich Re sees opportunities in Obamacare

North America06-02-2014Reinsurance News

Munich Re has invested in growing its US health reinsurance business. It has done so because of better opportunities arising from the new national health reform law known as the Affordable Care Act (ACA), also known as Obamacare, it said.

RBS CEO heads to RSA Insurance

Europe05-02-2014Insurance news

Former Royal Bank of Scotland (RBS) CEO, Stephen Hester has been appointed as group chief executive and director of RSA Insurance Group.

Ironshore to acquire Australian insurer

Asia Pacific, Bermuda05-02-2014Insurance news, Specialty

Bermuda-based insurer Ironshore looks to acquire Assetinsure Holdings, an Australian specialty insurer providing surety, aviation, credit and property coverage.

Platinum posts steady results; warns of tough 2014

Bermuda05-02-2014Insurance news

Platinum Underwriters Holdings posted solid results for 2013 but its chief executive warned that challenges await the company in 2014 on both the underwriting and investment sides of the business.

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