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Ironshore Canada increases capacity

Canada, North America27-03-2013Insurance news

Ironshore Canada, a subsidiary of Ironshore International, has announced an increase in capacity to $30 million for its specialty casualty lines for 2013. Ironshore Canada Specialty Casualty division offers coverages to protect a broad range of industry sector risks, including manufacturing, commercial construction, transportation, agriculture, energy, power, and industrial production.

XL launches bespoke yacht product

North America27-03-2013Insurance news, Reinsurance News

XL Group’s North America Marine insurance business has launched a new product that will cater for the particular needs of individual yacht owners. ShipShape, a suite of recreational marine coverages, will offer limits of up to $50 million to cover risks including liability coverage, defence costs outside the liability limit, medical payments for crew and a veterinary service for pets.

HIR completes substantial run-off deal

Europe27-03-2013Reinsurance News

Hamburger Internationale Rückversicherung AG (HIR), part of Tawa Plc, has acquired Lower Insurance AG’s reinsurance portfolio, which contains predominantly liability and marine contracts in run-off.

Allianz boosts its presence in Turkey

Europe, Turkey27-03-2013Insurance news

German insurer Allianz has entered into a 15-year exclusive distribution agreement with Turkish insurer Yapı Kredi and to also acquire Yapı Kredi Sigorta, the property/casualty insurer, including its subsidiary Yapı Kredi Emeklilik, the life and pension business.

FSA fines Prudential over AIA deal

Asia Pacific, Europe27-03-2013Insurance news

UK regulator the Financial Services Authority (FSA) has fined UK insurer the Prudential Group £30 million for its actions in relation to its failed attempt to acquire AIA, the Asian subsidiary of AIG, in early 2010. The FSA has also censured Tidjane Thiam, Prudential’s group chief executive.

Lloyd’s returns to profit despite Sandy

Europe27-03-2013Insurance news, Reinsurance News

Lloyd’s of London has announced a profit of £2.77bn for 2012, marking a return to profit following last year’s loss of £516m, which was the costliest year on record for natural catastrophes.

Eqecat’s Keogh moves to TigerRisk

North America27-03-2013Insurance news, Property cat, Reinsurance News

William (Bill) Keogh, the president of risk modelling firm Eqecat, has joined TigerRisk Partners, the reinsurance broking and risk/capital management firm founded by industry leaders Jim Stanard and Rod Fox. He will become a member of the company’s Decision Support Team.

Convergence of capital complete: Guy Carp CEO

North America26-03-2013Alternative Risk Transfer News, Reinsurance News

The convergence of traditional reinsurance and capital markets solutions was finally complete in 2012 with new ILS-type solutions now as relevant and available to cedants as more traditional reinsurance solutions. This means a time of change and opportunities for cedants and brokers alike.

PartnerRe joins sidecar club with Lorenz Re

North America26-03-2013Alternative Risk Transfer News

PartnerRe has become the latest reinsurer to launch a so-called sidecar – a special purpose company the reinsurer will use to facilitate third-party investors to participate in collateralized reinsurance deals.

Montpelier Re to boost ILS fund as demand grows

Europe25-03-2013Alternative Risk Transfer News, Reinsurance News

The Montpelier Re-backed Blue Capital Global Reinsurance Fund, which invests in catastrophe exposed collateralised reinsurance-linked contracts and other ILS investments, is looking to raise more funds through a series of placements of new shares. One market participant said the placement illustrated the still growing demand for ILS products among investors.

Showing 17421 to 17430 of 17903 results

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