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Convergence allocation a long-term diversification strategy

Bermuda17-03-2014Alternative Risk Transfer News

Research by PwC has found that investors in the convergence space are pursuing long-term diversification strategies, not simply reacting to reduced yields elsewhere.

Hannover Re faces €30m losses from Malaysian jet

Asia Pacific, Malaysia17-03-2014Insurance news, Reinsurance News

German reinsurer, Hannover Re has estimated losses of up to €30 million following the disappearance of the Malaysian jet, flight MH370.

Effective risk management to boost capacity in the Middle East

MENA, Middle East17-03-2014Insurance news

The “above average” approach to risk management from the Middle East’s energy sector may result in better rates and capacity in the insurance market, according to research by Marsh.

Buffett cuts US cat business

North America17-03-2014Insurance news

Warren Buffett, chairman and chief executive of Berkshire Hathaway has cut most of the company’s catastrophe insurance business in the US, stating a decrease in interest rates as the reason.

Insurance M&A activity down in 2013

Africa, Asia Pacific, Europe, Latin America, North America14-03-2014Insurance news

2013 proved to be a weak year for deal flow in the insurance industry—particularly in risk-bearing sectors, according to a new study by Conning, with transaction numbers down 6.7percent compared with 2012 and the aggregate deal values down 55.3 percent.

AIG nominates BlackRock man to board

North America14-03-2014Insurance news

American International Group is nominating a former head of Fixed Income at BlackRock who also boasts experience with financial regulators in the US and the UK to sit on its board.

US Senate clears flood bill to prevent rate increases

North America14-03-2014Insurance news

The US Senate has cleared a bill which will prevent the proposed flood-insurance premium increases for areas including Florida, Louisiana and New Jersey, which could have seen home owners face a 25 percent rate increase annually.

St. Johns appoints former Aon leader

North America14-03-2014Insurance news

US insurer St. Johns Insurance has appointed Hugh Brewer to the board of directors.

Lockton expands REAC team

North America14-03-2014Insurance news

Insurance broker Lockton has expanded its Real Estate and Construction (REAC) team with the appointment of a claims consultant and client executive, bringing the total number in the team to 71.

Kennedys appoints London insurance partner

Asia Pacific, Europe14-03-2014Insurance news

Law firm Kennedys has strengthened its international corporate insurance practice with the appointment of Michael Skrbic as a partner in the London office.

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