Endurance Specialty Holdings, a Bermuda-based specialty provider of property and casualty insurance and reinsurance, will recruit Joseph Rainone to head the company’s Excess & Surplus (E&S) lines Excess Casualty team.
From July 1, 2013, Neill Currie will retire as chief executive of RenaissanceRe. He will be replaced by Kevin O’Donnell, the president of RenaissanceRe Holdings. Currie will continue in an advisory capacity through the conclusion of his contract in February 2014.
Compre Holdings Limited has completed the acquisition of AURORA Versicherungs AG, a Swiss insurance company in run-off, from Swiss Re following regulatory approval.
American International Group (AIG) has named Anthony Philip as president and CEO of American International Company Limited (AIG) in Bermuda.
Beazley has appointed Paul Felfle into its reinsurance team to develop its Latin American business. He will be based in Miami.
Capita Insurance Services announces the appointment of Sue Perry as risk manager in its Managing General Agent (MGA) investment business.
Standard & Poor's (S&P) says that, though delayed, the proposed European framework for insurance regulation, Solvency II, is still very much needed.
As investment margins have tightened in recent years and with rates stagnating and reserves running low, one beneficiary of this squeeze on insurers have been insurance outsourcing specialists, especially in the London Market where business is booming.
Tokio Millennium Re (TMR) plans to move its place of incorporation from Bermuda to Switzerland.
Sirius International Group, the Bermuda-based reinsurance unit of White Mountains Insurance Group, has formed a dedicated team to target the Insurance Linked Securities (ILS) reinsurance capital markets convergence arena.