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.
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 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.
Broker Guy Carpenter has launched a new Mutual Company Specialty Practice, which will focus exclusively on the unique needs of mutual insurance companies.
Miller has appointed Simon Weaver as head of Asia with effect from September 1 2013.
Aspen Re, the reinsurance segment of Aspen Insurance Holdings, has appointed Tom Luning as head of US Regional Business Development.
Barbican Group Holdings has acquired Seacurus, a UK-based specialist marine insurance broker.
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.
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.
JLT Reinsurance Brokers (JLT Re) has appointed Charles Withers-Clarke as head of its Bermudian operation.