XL and Stone Point form ILS company
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 releases reinsurance capital for reinvestment
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.
Ren Re launches US platform
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 provides footprint for central European floods
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 unveils Kinesis Capital Management
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 heats up in Global Awards Survey
Voting is now heating up in the second phase of Intelligent Insurer’s annual Global Awards Survey.
First Lloyd’s coverholder plaque unveiled in the Bahamas
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 Re targets Latin America
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.
AIR Worldwide appoints Churney as COO
Catastrophe modelling firm AIR Worldwide has appointed Bill Churney as chief operating officer.
Allied World Bermuda launches healthcare product
Allied World Bermuda, part of Allied World Assurance Company Holdings, has launched a new Accountable Care Organisation (ACOs) liability solution product.
