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New retro reinsurer formed

Bermuda, Europe, MENA, North America21-06-2013Reinsurance News

A new company has been launched that plans to offer capital providers in Central and Eastern Europe (CEE), the Middle East & North Africa (MENA) and countries that were formerly part of the Soviet Union (an area known as the Commonwealth of Independent States (CIS)) access to catastrophe retrocessional reinsurance business.

JLT Re appoints Bermuda head

Bermuda, North America21-06-2013Reinsurance News

JLT Reinsurance Brokers (JLT Re) has appointed Charles Withers-Clarke as head of its Bermudian operation.

Ironshore appoints chief financial officer

Bermuda, North America21-06-2013Insurance news

Ironshore – the Bermuda-based insurer – has appointed Joe Roberts as chief financial officer.

German flood losses estimated at €4bn

Europe, Germany20-06-2013Insurance news

Catastrophe modelling firm AIR Worldwide estimates insured losses in Germany from the recent floods in central Europe will be between €4 billion and €5.8 billion. The overall economic impact is expected to be much higher. While the worst damage has already occurred, this flood event is ongoing.

Korean Re appoints new chief executive

Asia Pacific19-06-2013Reinsurance News

Korean Re has appointed executive director Jong-Gyu Won as its new chief executive.

European floods make case for pools and cat bonds

Europe19-06-2013Reinsurance News

Insurers and reinsurers are unlikely to be badly hit by the recent floods to hit Central Europe, which could be the worst since 2002. But a number of lessons could be taken from the recent losses, according to AM Best.

Why insurers fail and how to spot them

North America19-06-2013

Poor liquidity, under-pricing, under-reserving, and management and governance issues are among the main recurring issues that have caused, and still are causing, the failure of rated and unrated insurers, according to a report published by Standard & Poor's Ratings Services.

Motives for forming sidecars can be flawed


The proliferation of the use of sidecars by the reinsurance industry in recent years will almost certainly mean the end of batches of new start-ups forming on the back of market cycles. But some sidecars are also being formed for the wrong reasons.

Big can be beautiful, say survey respondents

Europe, North America19-06-2013Insurance news, Reinsurance News

While innovation and the ability to be responsive to clients’ needs are often highly valued qualities within a rapidly changing reinsurance industry, sheer size and financial strength are also qualities still considered critical by many buyers.

Swiss Re ‘stopped’ 23 deals lacking sustainability criteria

Europe19-06-2013Reinsurance News

Swiss Re has revealed how it ‘stopped’ 23 business transactions going ahead last year because they failed to meet certain criteria around sustainability and corporate responsibility. A further 18 deals were temporarily halted until certain criteria could be met.

Showing 17481 to 17490 of 18146 results

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