New retro player Phoenix targets $100m
The chief underwriting officer of reinsurance start-up Phoenix CRetro Reinsurance Company has said he believes the business could provide as much as $100 million of capacity by the 2015 renewals and he hopes to have financial institutions on board as investors by the Monte Carlo Rendez-Vous.
US climate plan may mean flood opportunities
New plans revealed by the Obama Administration detailing a national climate action plan have been welcomed by reinsurance industry trade bodies, which hope it also prompts greater private sector involvement in covering flood risks.
Consensus grows that ILS is a threat
The consensus that the rapid growth of the third-party reinsurance capital and insurance-linked securities markets could harm certain reinsurers reliant on traditional books of business is growing.
PartnerRe hires head of catastrophe, Bermuda
PartnerRe has appointed Greg Haft as head of catastrophe, Bermuda. He joins from Markel Corporation where he was most recently managing director and head of US property catastrophe underwriting.
Guy Carpenter launches mutual practice
Broker Guy Carpenter has launched a new Mutual Company Specialty Practice, which will focus exclusively on the unique needs of mutual insurance companies.
Miller appoints head of Asia
Miller has appointed Simon Weaver as head of Asia with effect from September 1 2013.
Aspen Re appoints US head
Aspen Re, the reinsurance segment of Aspen Insurance Holdings, has appointed Tom Luning as head of US Regional Business Development.
Barbican acquires UK marine insurance broker
Barbican Group Holdings has acquired Seacurus, a UK-based specialist marine insurance broker.
QBE launches aviation unit in Dubai
QBE has launched an excess-of-loss product for aviation liabilities in the Middle East. Based out of Dubai, the product covers general aviation, airlines, ancillary aviation support services and aerospace products.
New retro reinsurer formed
A new company has been launched that plans to offer capital providers in Central and Eastern Europe (CEE), the Middle East & North Africa (MENA) and countries that were formerly part of the Soviet Union (an area known as the Commonwealth of Independent States (CIS)) access to catastrophe retrocessional reinsurance business.
