Urbanisation and inadequate insurance coverage for rainfall damage could see the Caribbean hit even harder if another storm the size of Sandy emerges. That is the view of Issac Anthony, the newly appointed fulltime chief executive of the Caribbean Catastrophe Risk Insurance Facility (CCRIF).
The Hon. Craig Cannonier, the Premier of Bermuda, has said the island’s regulatory regime is committed to remaining flexible and competitive to make certain it remains the jurisdiction of choice for both the captive industry and the international re/insurance industry.
Willis Capital Markets & Advisory (WCMA), the investment banking platform of Willis Group, has appointed Michael Guo as managing director and head of Asia.
Impact Forecasting, the catastrophe model development centre owned by Aon Benfield, has launched a suite of tools that it claims can quantify uncertainties in catastrophe models across all perils and territories.
The team at Intelligent Insurer are celebrating having achieved a number of notable landmarks in relation to the Global Awards Survey, the results of which will be revealed at a ceremony at the Monte Carlo Rendez-Vous this year.
XL appoints head of Aviation Reinsurance
Some $1.6 billion of new issuance catastrophe bond transactions – made up of five bonds – took place in the first quarter, according to Willis Capital Markets & Advisory (WCMA), part of re/insurance broker Willis Group Holdings.
Jeremy Grose, chief operating officer of Charles Taylor Club management, will succeed current club chief executive officer, Alistair Groom, following his retirement in 2014.
Pioneer Underwriting, a specialist Managing General Agency (MGA), has created a North American Primary PI underwriting unit, continuing with its development strategy.
Berkshire Hathaway (BRK) has become the first high profile victim of Standard & Poor’s recent revision of the methodology it uses to evaluate insurance companies.