Argo names alternative risk capital director
Mark Gibson has been appointed as director of alternative risk capital by Argo Group.
Tosti named as Latin America Willis reinsurance CEO
Willis Group Holdings has appointed Antonio Tosti as chief executive officer of Willis' Latin American reinsurance business.
Alterra forms New Point V
Alterra Capital has formed a new sidecar, New Point V Limited, to create additional capacity in property catastrophe collateralized reinsurance.
Chartis ups commercial property per-risk capacity
Chartis has increased its commercial property per-risk capacity to $1.5 billion.
Insurers calculating capital differently, says survey
Insurers are preparing for the introduction of Solvency II by changing their approach to calculating capital adequacy requirements, according to a survey by Deloitte.
Brokerage veteran launches new broker
A new brokerage firm, StoneHill Reinsurance Partners, LLC, has been formed by Dan Koshiol, a 15-year veteran of the reinsurance brokerage business.
Belfatti hired as chief actuary for Endurance
Endurance Specialty Holdings has announced the appointment of Michael Belfatti as chief actuary, who will have responsibility for overseeing Endurance’s global pricing and reserving activities.
Brit Insurance bought by Fairfax
Fairfax Financial Holdings (FFH), through its runoff subsidiary, RiverStone, has purchased all of the outstanding shares of Brit Insurance Limited (BIL) from the Brit Group.
Gen Re rating affirmed by AM Best
General Reinsurance Corporation, along with its core property/casualty and life reinsurance/insurance subsidiaries, has had its financial strength rating (FSR) of A++ (Superior) and issuer credit ratings (ICR) of "aa+" affirmed by AM Best.
Brit downgraded by Fitch
Brit Insurance Limited's (BIL) Insurer Financial Strength (IFS) rating has been downgraded to 'BBB' from 'A', by rating agency Fitch.
