Bermuda-based Validus Holdings enjoyed a big jump in its net profits in the second quarter of 2014 despite competitive pressures in the market and higher than expected loss events.
Capita Insurance Services has appointed Doug Humberstone, formerly of London Market Association, as director of shared services, with effect from 11th August 2014.
Allied World Assurance Company has reported a 19 percent decrease in its reinsurance business in the second quarter of 2014 thanks to lower premiums across most lines of business.
Everest Re’s reinsurance book grew by 16 percent growth in the second quarter of 2014 driven by US property and specialty lines, despite its CEO warning on challenging market conditions.
Broker Willis Group has made two key appointments to grow its business in Asia, with both roles based in Singapore.
The profits of Lancashire Holdings dipped in the first half of 2014, a trend its chief executive blamed intense competition driven by additional capital flowing into the industry.
Investment advisor General Re-New England Asset Management (GR-NEAM) has appointed Calvin Clark as chief investment officer in addition to his current role as president.
Xchanging, the business process, procurement and technology services provider, has renewed its collaboration with Banca Esperia, the private banking firm of Italy’s Mediobanca and Mediolanum, specialising in wealth planning services and asset protection solutions.
Generali Properties, part of the Italian insurer, will become the sole owner of CityLife, the company managing the biggest urban development project in Milan.
Aon Risk Solutions, the risk management unit of Aon, has unveiled a technology-based enhancement to WorldAware Solutions, Aon’s travel risk management platform.