BMS Associates, the holding company of specialist broking business BMS Group and underwriting business Pioneer Underwriters, has been renamed Minova Insurance.
Markel International, the specialist insurer, has appointed Neil Winters, formerly of Apple, as head of information management and application services.
Markel International, the specialist insurer, has appointed Simon French, formerly of Faraday Underwriting, as compliance officer.
JLT Towers Re has appointed Steve Dimaria as senior vice president with responsibility for Canadian agriculture.
Investment manager Twelve Capital has issued a third private catastrophe bond.
Liberty Specialty Markets (LSM) has appointed Ross Drabble as deputy class underwriter for fine art and specie.
XL Group has completed the sale of XL Life Reinsurance (XLLR) to GreyCastle Holdings for $570 million.
Lloyd’s has reiterated its plan to reinforce its position as the global centre for specialist re/insurance in its interim management statement for the first quarter of 2014.
Aspen Insurance has rejected a revised proposal by Endurance to acquire the business describing the new offer as grossly undervaluing the company and a strategic mismatch that would not be in the interests of its shareholders.
Reinsurance rates continue to fall as increased competition from alternative markets, strong reinsurer balance sheets and low loss experiences continue.