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Russian insurance sector ‘gaining pace’, says AM Best


Russia’s relatively young insurance sector, although facing several challenges, is developing at an impressive rate, according to a new report by rating agency AM Best.

ACE Europe has A+ rating affirmed


Rating agency AM Best has affirmed its financial strength A+ rating for ACE Europe Group Limited (AEGL), along with the group’s “aa” issuer credit rating.

Legal Solutions Group and Xchanging provide joint London Market offering

London Market25-06-2012

Legal Solutions Group and Xchanging have engaged in a strategic partnership to provide an integrated service to the London Market.

2011 major losses equal quarter of its net premiums for Lloyd’s

Europe, North America25-06-2012Reinsurance News

Major industry losses borne by the Lloyd’s Market last year accounted for 25.5 percent of its net premium earned, according to a new report by Aon Benfield.

White Mountains Solutions acquires two firms in runoff


White Mountains Solutions, a subsidiary of White Mountains Insurance Group, is acquiring Physicians Insurance of Ohio and Citation Insurance Company from PICO Holdings.

Insurers flock to UNEP sustainability programme


Tens of insurers and insurance associations have signed up to the United Nations Environment Programme Finance Initiative’s Principles of Sustainable Insurance, which was launched at the UN Conference on Sustainable Development.

Argo names alternative risk capital director

North America21-06-2012Alternative Risk Transfer News

Mark Gibson has been appointed as director of alternative risk capital by Argo Group.

Tosti named as Latin America Willis reinsurance CEO


Willis Group Holdings has appointed Antonio Tosti as chief executive officer of Willis' Latin American reinsurance business.

Alterra forms New Point V

Europe, Latin America, North America20-06-2012Insurance news, Reinsurance News

Alterra Capital has formed a new sidecar, New Point V Limited, to create additional capacity in property catastrophe collateralized reinsurance.

Chartis ups commercial property per-risk capacity

North America20-06-2012Casualty, Insurance news, Property cat

Chartis has increased its commercial property per-risk capacity to $1.5 billion.

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