A combination of new entrants and more capacity committed by existing players has contributed to increased competition and pressure on rates in the upstream energy market, according to broker JLT.
Bermuda-based reinsurer RenaissanceRe has increased its share repurchase programme to $500 million.
Capital Z Partners Management has entered into an agreement with BMS Associates to invest $50.7 million into the group’s holding company.
Banco Sabadell has expanded its joint venture with Zurich so that the multinational once again becomes the bank’s sole partner in the sale of life assurance, general insurance and pension plans in Spain.
French reinsurer SCOR has established a new unit which will centralise and widen its activities in alternative and hybrid reinsurance solutions and which will also incorporate its insurance-linked securities (ILS) activities.
Generali has appointed Isabelle Conner as group chief marketing officer.
Economic recovery in many developed countries is expected to generate growth but a cooling of emerging countries’ economies could counteract this.
Bermuda Premier Craig Cannonier has resigned following ongoing criticism over his acceptance of flights and hospitality from investors.
Marsh has appointed David Bramall as head of placement within its national corporate practice, which provides risk and insurance services to corporate businesses and small and medium-sized (SME) enterprises across the UK and Ireland.
As it continues to grapple with hostile overtures from Endurance, the board of under-pressure re/insurer Aspen has sought to reassure shareholders by publishing an investor presentation detailing its progress and plans for what it describes as the pursuit of an ambitious growth strategy.