The catastrophe reinsurance market is on the verge of a major shift in strategy according to a report by Willis Capital Markets & Advisory (WCMA), part of broker, Willis Group Holdings.
Specialist re/insurance group Canopius has completed the acquisition of Omega Insurance Holdings Limited (Omega).
LSG has launched of a new website, as well as a new corporate identity.
Maiden Holdings reported second quarter 2012 net income of $14.5 million, or $0.20 per diluted share compared with a net loss of $24.4 million or a loss of $0.34 per diluted share in the second quarter of 2011.
Munich Re has announced a profit of €1.6bn for the first half of 2012.
Specialist insurance group, Novae, has posted a profit, before tax, foreign exchange losses on non-monetary items and non-recurring items, of £19.6 million in its H1 2012 interim results.
Swiss Re has announced the successful transfer of $275 million of extreme mortality risk to the capital markets through a securitisation programme with VITA Capital V Ltd.
Robert Childs will succeed Robert Hiscox as the chair of Hiscox.
Members of the International Underwriting Association (IUA) have seen their premium processing times cut from weeks to just days under an initiative pioneered by the London Market, according to the IUA.
Asset management and insurance research firm Conning has released version 5.7 of its ADVISE Advanced Stochastic Modeling and GEMS Economic Scenario Generator (ESG) platforms.