XL Group has appointed Valérie Devaux - Piquer as casualty underwriting manager, Europe, Reinsurance, who joins the business from Transatlantic Reinsurance Company.
Argenta Private Capital, a subsidiary of Argenta Holdings, has launched a vehicle that will offer high net worth individuals and institutions the opportunity to invest in businesses trading at Lloyd’s.
Zurich-based investment firm Twelve Capital will assume the investment management function of the insurance-linked securities (ILS) business of the Swiss wealth management boutique Falcon Private Bank.
Willis, the re/insurance broker, has selected a new leadership team for its aerospace business in the Americas to capitalise on significant growth opportunities in the region.
HCC Insurance Holdings has promoted Simon Button to chief underwriting officer for HCC International Insurance Company and Lloyd’s Syndicate 4141, reporting to Barry Cook.
Kramer Levin Naftalis & Frankel has appointed Daniel Rabinowitz as a partner in the firm’s Insurance Practice Group. Rabinowitz, who will be based in New York office, specialises in transactional and regulatory advice in the insurance industry.
Nexus Group, the specialty MGA, has announced a transaction with reinsurer PartnerRe which covers the current core financial lines underwritten by Nexus for five years.
The way many companies report their risk management activity is opaque, lacking in detail and detached from overall corporate strategy, according to the risk management association Airmic and the Institute of Chartered Secretaries and Administrators (ICSA).
Experts have highlighted the growing importance rating agencies place on strong enterprise risk management (ERM) within reinsurers and how this criterion is now of critical importance for certain reinsurance groups.
Governments must get better at preparing for and managing natural catastrophe risks if they are to reduce risk. That is the opinion of Nikolaus von Bomhard, CEO of Munich Re and former chairman of the Geneva Association – an economic think tank, which held a press briefing in London to coincide with its 40thanniversary.