XL Group and private equity firm, Stone Point Capital, have formed a Bermuda-based company which will act as an investment manager in insurance-linked securities (ILS) and other reinsurance capital markets products.
Hampden Underwriting, which provides investment into the Lloyd's insurance market, has released a significant amount of capital – by way of an annually renewable reinsurance arrangement – back into the market.
RenaissanceRe Holdings has formed RenaissanceRe Underwriting Managers US, a specialty reinsurance agency based in Connecticut, which will support the growth of new products and services in the US specialty market.
Perils, the Zurich-based catastrophe insurance data provider, has released the final Maximum Flood Extent map for the floods which affected Central Europe in June 2013.
Lancashire Holdings has revealed more details about its recently formed Lancashire Capital Management division. It will focus on managing third-party capital to be deployed in Lancashire’s underwriting and expects to be using capital by the January 1 2014 renewals.
Voting is now heating up in the second phase of Intelligent Insurer’s annual Global Awards Survey.
The first Lloyd’s of London coverholder plaque has been presented in the Bahamas where Star General Insurance Company has achieved Lloyd’s coverholder status for its medical malpractice insurance coverage.
Africa Reinsurance Company, one of the biggest reinsurers in Africa, has been granted a licence to operate in Brazil, a move that potentially opens up the Latin American market for the company in the future.
Catastrophe modelling firm AIR Worldwide has appointed Bill Churney as chief operating officer.
Allied World Bermuda, part of Allied World Assurance Company Holdings, has launched a new Accountable Care Organisation (ACOs) liability solution product.