Joe Taranto has decided to reconsider his decision to retire following the resignation of Ralph E. Jones III, President and Chief Operating Officer.
The US treasury has advertised for the position of ‘federal insurance director’, following the creation of the role as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
At its recent London briefing, A.M. Best indicated that the European non-life industry continues to “display strong resilience” in the face of difficult conditions.
“If you don’t meet the service standard, you can’t do the service.”
Hardy Underwriting has opened a new office in Singapore as the insurance and reinsurance underwriter looks to develop its presence in Asia.
Lloyd’s chairman Lord Levene has revealed that the market is “actively considering” creating a presence in Russia.
New York-headquartered underwriter and insurer, CV Starr, has opened its Paris office as the firm looks to develop its European presence.
The reinsurance giant announced the switch in executive level positions and the appointment of a new chief risk officer, new chief operating officer and a chairman of global partnerships.
Platinum Underwriters Holdings repurchased 2.2 million of its common shares for $91.8 million during the three months ended September 30, 2010.
Reinsurers find themselves with excess capital in a landscape that “looks more like 2007 than 2008”, according to Guy Carpenter, which predicted overall rate decreases in the property catastrophe reinsurance market.