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Industry looking to sustain talent through apprenticeships

Europe04-12-2013Insurance news

Over half of employers in the industry would take on an apprentice to sustain talent, according to a survey by the Chartered Insurance Institute (CII).

Kiln and Tokio Marine Europe join forces

Europe04-12-2013Insurance news

Kiln Group and Tokio Marine Europe will form a new combined operation which will provide specialist and corporate insurance products within the Lloyd’s and Company markets.

Aon strengthens its US business

North America03-12-2013Insurance news, Reinsurance News

Aon Benfield has appointed Keith Moore as chief business development officer of Aon Benfield’s US business. Moore will report to Bryon Ehrhart, chief executive officer of Aon Benfield Americas.

Aspen Re launches £65 million sidecar

Bermuda03-12-2013Alternative Risk Transfer News, Capital Management News, Reinsurance News

Aspen Reinsurance’s capital markets division has established Silverton Re – a Bermuda domiciled special purpose insurer formed to provide additional collateralised capacity to support Aspen Re’s global reinsurance business.

Allianz and Ford to offer mobility concepts

Europe03-12-2013Insurance news

Allianz and Ford will pool their experience to develop mobility concepts, which will be delivered via the Ford Trade Organization to the brand’s customers, together

Lack of hurricanes in 2013 will lower reinsurance prices

Caribbean, North America03-12-2013Reinsurance News

The quietest US Atlantic hurricane season in decades will lead to a low double-digit fall in related catastrophe reinsurance pricing in the key 2014 renewals, says Fitch Ratings.

Impact Forecasting launches Netherlands flood risk model

Europe03-12-2013Insurance news

Impact Forecasting, Aon Benfield’s catastrophe model development centre, has launched the first probabilistic catastrophe model to understand the financial impact of flood damage in the Netherlands for property and motor.

Argo strengthens international specialty business

Bermuda, MENA03-12-2013Insurance news

Argo Group, an international underwriter of specialty insurance and reinsurance products, has made two management appointments to its international specialty segment.

Ironshore to manage new Lloyd’s syndicate

Bermuda, Europe02-12-2013Reinsurance News

Ironshore’s Pembroke Managing Agency (Pembroke) has received approval from Lloyd’s to manage a new syndicate for the 2014 Year of Account. The new syndicate, named Acappella Syndicate 2014, is targeting £60.5 million of premium in its first year and has a £75 million stamp capacity.

GFIA welcomes TISA negotiations

29-11-2013Insurance news

The Global Federation of Insurance Associations (GFIA) has written to the governments working towards a Trade in International Services Agreement (TISA) to express support for their efforts.

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