Canopius Group and Sompo Japan have combined their Zurich-based reinsurance operations in to a single business unit.
Global reinsurer capital has hiked up 6 percent, reaching a record level of $570 billion at June 30, 2014.
Hannover Re has raised €500 million in the capital markets through a subordinated bond.
Pioneer Underwriting has launched a financial institutions (FI) offering with the appointment of Simon Holt as financial institutions underwriter.
Rating agency Standard & Poor’s (S&P) has raised concerns about elements of the structure of Golden State Re II, the latest cat bond to be issued by the California State Compensation Insurance Fund (SCIF).
Brenton Slade, a founding member of Flagstone Reinsurance, has been appointed as chief operating officer (COO) of insurance-linked securities (ILS) manager Horseshoe Group.
The composite rate for US property and casualty is closing in on flat or no increases, with a small increase of 1 percent for the month of August.
Only one in 20 residents in Napa County had earthquake insurance when the strongest earthquake to strike the San Francisco Bay Area in 25 years was recorded on the morning of August 24.
The Florida Office of Insurance Regulation has approved the removal of a further 437, 584 policies from Citizens Property Insurance Corporation.
JLT Employee Benefits (JLT) has boosted its business with two senior hires.