Cooper Gay Asia hires Willis exec
Cooper Gay Asia, the Asian arm of the reinsurance and wholesale broker Cooper Gay Swett and Crawford (CGSC), has appointed a Willis executive to develop niche product offerings.
TWIA boosts finances with $500m bond
The Texas Windstorm Insurance Association (TWIA) has said it is in its best financial position since Hurricane Ike in 2008 having raised $500 million to assist in paying future catastrophic claims.
IBM pension fund allocates $50m to Nephila
Nephila Capital’s Iron Catastrophe Fund has received $50 million in investment from technology services company IBM’s pension fund.
SI Re appoints New Re exec as CFO
Swiss reinsurer SI Re has appointed Patrick Shumacher as chief financial officer (CFO) and member of the executive team. He succeeds Beat Landtwing who has retired after ten years with SI Re.
PIMCO reshuffles following Gross departure
The shock departure of William Gross from Allianz’s investment management firm PIMCO has led to reshuffle, with Daniel Ivascyn being appointed as group chief investment officer (CIO).
XL strengthens property team with Zurich hire
XL has boosted its North America property insurance team with the appointment of Jay Smelser as South Central regional leader.
AM Best proposes insurance-linked funds criteria
Rating agency AM Best has published new draft rating criteria for insurance-linked funds (ILF) and is seeking comments from market participants.
ERS poaches QBE Europe casualty head
ERS has appointed Donna Willis as head of personal injury claims. She will report to claims director Peter Smith.
ACE hires Zurich surety head
ACE has expanded its European surety business to Germany with the appointment of Charles Villette as surety underwriting manager.
ACE hires ING regional CFO
ACE Life, the global life insurance division of ACE Group, has appointed Haik de Jong as chief financial officer (CFO).
