As investment margins have tightened in recent years and with rates stagnating and reserves running low, one beneficiary of this squeeze on insurers have been insurance outsourcing specialists, especially in the London Market where business is booming.
Tokio Millennium Re (TMR) plans to move its place of incorporation from Bermuda to Switzerland.
Sirius International Group, the Bermuda-based reinsurance unit of White Mountains Insurance Group, has formed a dedicated team to target the Insurance Linked Securities (ILS) reinsurance capital markets convergence arena.
Willis North America has appointed Brian Murphy and Hiromoto Ushiki as North American Practice co-leaders of the Japan Global Practice Group. They together assume the position previously held by Junji Hamada who retired in April 2013.
The Florida Municipal Insurance Trust (FMIT) has completed a $20 million three year catastrophe bond, called Sunshine Re 2013-1 that covers Florida named windstorms on a per-occurrence basis.
Q-Re has released details of its new management team, led by chief executive Gunther Saacke, and the positions they will hold.
Endurance Specialty Holdings has appointed Gary Tully as executive vice president and head of the company's Contract Binding Operations insurance unit.
Alexander Ankel has been appointed as regional CEO of Asia for Allianz Global Corporate & Specialty (AGCS), Allianz SE’s dedicated brand for corporate and specialty insurance customers.
Argo International, the Lloyd’s insurer and member of Argo Group, has appointed David Harris as managing director of Syndicate 1200 at Lloyd’s. Harris succeeds Jeff Radke who has been appointed to a group-wide operations role.
Daniel Tatam has joined Barbican Group Holdings as UK property and casualty underwriter.