Blue Capital completes $75m share placement
Blue Capital Management, the third-party capital management arm of Montpelier Re, has completed its placing programme, launched in April 2013.
Catlin leads Asia aviation consortium
A new aviation consortium has been established in Lloyd’s Asia to write general aviation insurance and reinsurance risks based in the Asia-Pacific and Middle East Regions.
Industry worries over revamped TRIA
The renewal of the Terrorism Risk Insurance Act (TRIA) in the US has moved a step closer thanks to a new bill which appears to enjoy cross-party support. But some industry bodies have voiced concerns over proposed changes to the act.
AIR integrates third-party data and models
Catastrophe modelling firm AIR Worldwide has begun integrating third-party catastrophe data and models within its Touchstone risk modelling software platform.
Guy Carpenter appoints head of Turkish operations
Reinsurance broker Guy Carpenter has appointed Okan Utkueri as managing director and head of the firm’s operations in Turkey.
Insured losses hit $7bn in first quarter
While insured losses globally in the first quarter of the year were low, insurers must be prepared for the severity of events that typically hit later in the year, according to Aon Benfield.
Excess capital and competition hit April renewals
Strong balance sheets, an abundance of capacity and a consolidation of buying led to lower reinsurance pricing across most territories and business segments at the April renewals.
Loss index provider launches in Canada
An independent catastrophic loss index provider, which will provide analytical and meteorological information on Canadian natural and man-made catastrophes to the re/insurance industry, has launched in Canada.
Brit hires LATAM leader from PartnerRe
Specialty re/insurer Brit has appointed Juan Calvache, formerly of PartnerRe, to lead its new Miami-based Latin American business.
ACE forms global property engineering unit
ACE Group, a global property and casualty insurer, has established a global property engineering unit to provide global engineering risk management services.
