Munich Re will acquire RenaissanceRe’s weather and weather-related energy risk management unit, RenRe Energy Advisors (REAL).
Flooding caused by rising sea levels linked to climate change will become a significant threat to society in the future causing great challenges around risk management, according to a report by Guy Carpenter which an analyses the evolving risk landscape spurred by global warming.
Global reinsurance capital totalled $510 billion at June 30, 2013, an increase of 1 percent ($5 billion) relative to December 31, 2012, according to Aon Benfield in the latest edition of its Aon Benfield Aggregate (ABA) report, which analyses the financial results of the world’s leading reinsurers in the first half of 2013.
Canopius Group has appointed Barbara Turner as group head of Human Resources. She takes up her new position with immediate effect.
Barbican Group Holdings has appointed David Slade as an underwriting manager within the firm’s property division. He will report to James Winn, active underwriter, Syndicate 6113.
Guy Carpenter has appointed Barbara Bufkin as chief operating officer for Guy Carpenter’s Global Strategic Advisory Group.
Julian Enoizi has been appointed chief executive of UK government-backed terrorism reinsurer Pool Re. Formerly the managing director of Lloyd’s insurer ProSight Specialty Underwriters, he takes over from Steve Atkins, who has decided to retire after 13 years in the position.
Investment and banking group, Old Mutual, has appointed Dr Nkosana Moyo to its board as an independent non-executive director. He will also become a member of the Board Risk and Nomination Committees.
Karen Quintana has been appointed as vice president and client distribution leader for XL Group’s North America Distribution and Network team in San Francisco. Quintana will report to Frank Soldano, XL Group’s regional leader – west.
American life reinsurer, Optimum Re Insurance Company (ORIC) has appointed Gordon Gibbins as executive vice president, development