With more than 1,000 insurers, reinsurers and brokers all in one place, the PCI annual meeting is the largest gathering of property-casualty insurance professionals in North America, and this year is no exception.
The insurance-linked securities (ILS) market will undergo an increase in proportional reinsurance via sidecars, and growth in the private deal area in 2015, according to Bill Dubinsky, head of ILS at Willis Capital Markets and Advisory (WCMA).
A £500 million subordinated bond being placed by Lloyd’s has been doubly subscribed as it attracted £1 billion of orders from investors.
Rating agency Standard & Poor’s (S&P) has downgraded SNS Reaal bancassurance group’s insurance operations.
The Global Federation of Insurance Associations (GFIA) has appointed Governor Dirk Kempthorne as its new chair, for a two-year term.
Property insurer FM Global has strengthened its board with the appointment of Stuart Parker.
Broker Arthur J. Gallagher (AJG) has unveiled the details of its core UK retail executive team.
XL Group has strengthened its political risk and trade credit team with the appointment of Eric Zandvliet as senior underwriter based in London.
Data analytics provider Analyze Re has opened an office in London to help drive its ambitions to become a leading global provider of risk engineering technology to the insurance industry.
Allianz Global Corporate & Specialty (AGCS) has expanded its board of management with new regional responsibilities.