Munich Re has appointed Simon Curtis as chief financial officer for its North American Life business. He replaces Doug Tozer who will retire in the spring of 2014 after more than 20 years as CFO and appointed actuary in Canada.
Ascent Underwriting, an MGA specialising in emerging risks, has launched a general liability coverage extension to enhance cover for small and mid-market business clients.
Allied World Assurance Company Holdings’ Asia-Pacific platform has launched a new product designed to provide a new level of protection for company directors and officers in the Asia-Pacific region.
As compliance with international sanctions becomes both a more complex and high-profile issue, more re/insurers are considering the impact a failure to comply – perceived or otherwise – could have on their reputations.
Swiss Re has helped structure an innovative flood index insurance product that will cover almost 2,000 poor families living in the Char areas of the Sirajganj district of Bangladesh.
According to preliminary estimates by sigma, the research arm of Swiss Re, insured losses globally from natural catastrophes and man-made disasters amounted to some $20 billion in the first half of 2013 with flooding being the biggest contributor to these losses.
Companies now rank cyber security risks as greater than natural disasters and other major business risks according to a new study by Experian Data Breach Resolution and the Ponemon Institute.
Run-off specialist Catalina Holdings (Bermuda) will now acquire American Safety Reinsurance (ASRe), a Bermuda subsidiary of American Safety Holdings, which is itself merging with financial services holding company Fairfax Financial Holdings, displacing Tower Group International on the deal.
Xuber, Xchanging’s insurance software business, has appointed two senior members to its US team.
DUAL, the underwriting arm of Hyperion Insurance Group, has appointed Damian Crowe, who joins the financial institutions division in London as a senior underwriter.