A new London Market Energy Claims Committee has been set up to with the aim of establishing best practice guidelines for the sector. The group is overseen by the International Underwriting Association and hopes to improve client service with a more streamlined and cohesive approach to claims handling.
Endurance Specialty Holdings, a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has appointed Graham Evans as executive vice president and head of international insurance to build a new international insurance platform offering multi-line capabilities.
A group of insurance industry veterans have launched a new captive insurance risk manager that will target small and middle market companies.
Bermuda-based Blue Capital Re, which offers collateralised reinsurance in the property cat space, has registered its intent to make an IPO with the US Securities and Exchange Commission.
Rumours are flying around regarding SAC Capital looking for a buyer for its Bermuda reinsurance business, SAC Re.
The scale and economic cost of natural catastrophe losses seen in September highlights the lack of national disaster insurance in some countries and the strain this places on governments. This points to an opportunity for the industry to step in and take more risk.
Two rating agencies have downgraded Tower Group International following its announcement that it needs to strengthen loss reserves by approximately $365 million and will write down $214 million in goodwill in conjunction with its delayed second quarter 2013 earnings release.
Ironshore has increased capacity for its global terrorism & sabotage programme, which protects against diverse risk exposure worldwide, to $300 million.
Elements Property Insurance Company (EPIC) has been licensed by the Florida Office of Insurance Regulation to write homeowners business in the state of Florida.
Aspen Reinsurance has appointed Michael Dicker as global head of its agriculture reinsurance business.