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New head for Endurance Pro Insurance Unit

North America24-04-2013Insurance News

Endurance Specialty Holdings has appointed Daniel Wadley as executive vice president and head of the new Endurance Pro insurance unit.

XL grows team with US appointment

North America24-04-2013Insurance News

Andrew Pinkes has been appointed as executive vice president, global head of claims at XL Group’s Insurance operations. He succeeds Paul Tuhy who will assume position as head of Global Aerospace Business.

Cayman Islands law allows portfolio insurers

Cayman Islands, North America24-04-2013Insurance News

An amendment has been passed by the Legislative Assembly of the Cayman Islands in March that would allow a framework to be created to allow the registration of portfolio insurance companies, or PICs, within segregated portfolio company insurers (SPCs).

Bermuda’s business bodies complete merger

Bermuda, North America24-04-2013Insurance News

The Bermuda Business Development Corporation (BBDC), Business Bermuda and the Insurance Development Council have competed the legal process allowing them to merge.

Allstate launches $250m cat bond

Bermuda, North America24-04-2013Alternative Risk Transfer News, Insurance News, Reinsurance News

US insurer Allstate has launched a new catastrophe bond. The deal’s initial size has been marked up as $250m but speculation is already mounting around by how much it could increase in size given the appetite of capital markets investors at the moment and Allstate’s large appetite for such coverage.

Brit and Maiden complete E&S quota share

Europe, North America24-04-2013Insurance News

Brit Insurance and Maiden Holdings have agreed a deal that will see Maiden's Excess and Surplus (E&S) unit, Maiden Specialty, complete a temporary 100 per cent quota share reinsurance agreement with Brit Global Specialty.

DARAG raises €60m to fund run-off deals

Europe, London24-04-2013Insurance News

DARAG Deutsche Versicherungs- und Rueckversicherungs-AG (DARAG), the run-off insurer, has raised €60 million of new capital which it says will be used to finance new acquisitions ahead of an expected increase in deal flow in the coming months.

ILS market share could be a third by 2017

Asia Pacific, Europe, Latin America, MENA, North America23-04-2013Alternative Risk Transfer News, Reinsurance News

The percentage of non-life catastrophe reinsurance ultimately covered by some form of insurance-linked securities (ILS) will double over the next four years, to the point this form of risk transfer could represent a third of the total market.

Xchanging adds to London team

Europe, London23-04-2013Reinsurance News

London-based business processing company Xchanging has appointed Mark Sullivan and Andy Campbell to its claims services business.

The EC looks to boost insurance penetration


The European Commission has released a consultation on a Green Paper which it hopes will improve disaster insurance take-up in the European Union (EU) following an increase in natural catastrophes.

Showing 19221 to 19230 of 19770 results

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