Barbican Group has launched subsidiary Castel Underwriting, a new club style MGA formation platform that provides underwriters with stable capacity and a fast-track route to creating their own businesses.
Arthur J Gallagher & Co, the insurance brokerage and risk management services firm, has purchased California-based retail insurance broker firm GS Levine Insurance Services.
RMS, the catastrophe modeling firm, today announced that its suite of European catastrophe models has been licensed by DEVK Versicherungen, a German insurance primary and pan European reinsurer.
Deutsche Bank has hired Gary Antenberg as a managing director and co-head of global insurance investment banking coverage (IBC) within its Financial Institutions Group (FIG). He is based in New York.
According to William Donnell, president of US property catastrophe at Swiss Re, public-private partnerships can help close the gap between insured losses and economic losses.
Tokio Millennium Re will be ramping up its stateside operations in 2014 with the formation of a US office, as the reinsurer looks to further diversify and expand its global footprint.
Alastair Speare-Cole, chief executive officer of JLT Re, says that the acquisition of Towers Watson’s reinsurance brokerage business would represent the fulfilment of one of the main objectives set for him by group CEO Dominic Burke when he joined JLT Re from Aon Benfield some 20 months ago.
Reinsurers that have moved their operations to Zurich in recent years will struggle to gain the same traction in the European market companies that established operations there many years ago did.
While 2013 has been a quiet hurricane season, trends indicate that it is only a matter of time before another market-changing event impacts the industry, says Greg Heerde, head of Americas for Aon Benfield Analytics.
Making the most of the new sources of reinsurance money requires specialist brokers just as savvy and sophisticated as their capital markets counterparts, says TigerRisk’s Marc Lauricella.