Hiscox Re has made several senior appointments, which the reinsurer says will allow it to provide better underwriting decisions with bigger lines to key brokers and clients.
Capital from third-party investors drove reinsurance market rates on line (ROLs) down at the July 1 renewals, as pricing in the capital markets broke away from levels set by the traditional market for the first time.
As New York's finance regulator sets his sights on reinsurance firms that are allegedly breaking US laws in relation to Iran, there is a growing recognition of what a minefield this area is becoming for global reinsurers.
US reinsurance broker Holborn Corporation has acquired an ownership stake in Stonybrook Capital, an investment banking advisor serving insurance and reinsurance industry clients.
Reinsurers in the US wrote record levels of net premiums in 2012 hitting levels not seen in a decade, according to the Reinsurance Association of America (RAA).
Enstar Group has agreed to acquire global specialty insurer Torus Insurance Holdings, the deal representing a move into 'live' underwriting for the run-off specialist while Torus has also replaced its CEO .
Antares, the specialist Lloyd’s insurer, has made two new appointments. Martin Sullivan has been appointed as non-executive chairman of Antares Managing Agency while David Wright has joined as political risks manager within the political and financial risks specialty lines portfolio of Antares.
Guy Carpenter has agreed to acquire South Portland, Maine-based Smith Group, a specialist disability reinsurance risk manager and consultant.
Richard Ward, the chief executive of Lloyd’s, has said he will step down at the end of December this year after almost eight years in the role.
MS Frontier Reinsurance has appointed Alexander Milberg as general manager of its Kuala Lumpur office.