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Flood Re claims to grow as defence spending falls

Europe19-03-2014Insurance news

Flood Re, the UK Government’s scheme to pool flood risk, may face higher-than-expected claims in the future, as spending on flood defences fails to meet requirements says Fitch Ratings.

Howden acquires Colombian reinsurance broker

Latin America19-03-2014Reinsurance News

Howden Broking Group, part of Hyperion Insurance Group, will acquire NMB Colombia Corredores de Reaseguros SA, a reinsurance broker located in Bogota.

CATCo launches traditional fund

Bermuda18-03-2014Insurance news, Reinsurance News

Insurance investment manager, CATCo has launched Aquilo, the firm's first fund pursuing a traditional reinsurance investment strategy.

Covéa Insurance strengthens team with Zurich hires

Europe18-03-2014Insurance news

Covéa Insurance has strengthened its Personal Lines distribution team with the appointment of two new key account managers, both formerly of Zurich Insurance.

Target Group appoints director

Europe18-03-2014Insurance news

Target Group, the financial services outsourcing and software provider, has appointed a Risk and Compliance director. Terry Baxter joins from Grant Thornton.

Miller strengthens marine team with Aon hires

North America18-03-2014Insurance news

Broker Miller Insurance has bolstered its marine hull business production, broking and account handling capabilities with the appointments of Heather Clarkson and Rick Kerr, both formerly of Aon.

Credit Suisse puts Malaysian jet losses at $600m

Asia Pacific18-03-2014Insurance news

Flight MH370, the vanishing Malaysian Airlines flight, may cost insurers up to $600 million, Credit Suisse has reported.

IGIH reports 24 percent in profits

Dubai, MENA18-03-2014Insurance news

Dubai’s International General Insurance Holdings (IGIH) reported a 24 percent increase in profits of $31.3 million in 2013 compared with $25.3 in 2012.

JLT launch expanded Bermuda operation

Bermuda18-03-2014Reinsurance News

JLT Towers Re Bermuda has launched its newly combined operations following the merger of JLT Re Bermuda and Towers Watson Re Bermuda.

TRIPRA changes will mean downgrades

North America18-03-2014Insurance news

Insurers could face rating downgrades with the renewal of the Terrorism Risk Insurance Program Reauthorization Act of 2007 (TRIPRA), according to a report by rating agency Standard & Poor’s (S&P).

Showing 17301 to 17310 of 18823 results

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