Mark Gibson has been appointed as director of alternative risk capital by Argo Group.
Willis Group Holdings has appointed Antonio Tosti as chief executive officer of Willis' Latin American reinsurance business.
Alterra Capital has formed a new sidecar, New Point V Limited, to create additional capacity in property catastrophe collateralized reinsurance.
Chartis has increased its commercial property per-risk capacity to $1.5 billion.
Insurers are preparing for the introduction of Solvency II by changing their approach to calculating capital adequacy requirements, according to a survey by Deloitte.
A new brokerage firm, StoneHill Reinsurance Partners, LLC, has been formed by Dan Koshiol, a 15-year veteran of the reinsurance brokerage business.
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.
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.
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 Insurance Limited's (BIL) Insurer Financial Strength (IFS) rating has been downgraded to 'BBB' from 'A', by rating agency Fitch.