Lancashire has announced that it will shortly launch Saltire Re I Limited (“Saltire Re I”), a fully collateralised Bermuda incorporated special purpose insurer (SPI).
Swiss Re has launched the first ever multi-peril bond to the capital markets.
Recent cat bond launches have revealed the extent of investor demand for this kind of risk. This is the view of Tony Ursano, chief executive of Willis Capital Markets & Advisory (WCMA).
Bermuda-based reinsurer Endurance has launched a global trade credit and surety reinsurance business unit.
Robust economic growth and new region-specific modelling software will lead to more global firms investing in catastrophe risk and insurance-linked securities (ILS) in China, according to Dr Milan Simic.
Reinsurance broker UIB has launched a special risks division to provide tailor-made insurance solutions for a range of business classes.
Business-interruption losses resulting from Hurricane Sandy are likely to be significant. This is the view of Daniel Gerber, co-chair of the global insurance services practice group at Goldberg Segalla.
Guy Carpenter this week announced the release of GC ProfitPoint+, a new integrated portfolio management solution for insurers designed to improve profitability, enhance underwriting performance and drive growth.
Developing economies in South East Asia offer myriad opportunities to insurers. This is the view of Andrew Holderness, global head of corporate insurance at law firm Clyde & Co’s Corporate Insurance Group.
Law firm Locke Lord has announced that Ian McKenna has joined its London office as partner.