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TigerRisk hires UK retrocessional specialist

Europe24-09-2013Reinsurance News

TigerRisk Partners has named Martin Bartell as head of its UK-based retrocessional and specialty reinsurance practice. He joins from Aon Benfield’s Global Re Specialty team where he focused on per-risk and catastrophe business placed with traditional reinsurers and ILS markets.

Cooper Gay to acquire Newman Martin and Buchan

Europe24-09-2013Insurance News, Reinsurance News

Cooper Gay Swett & Crawford (CGSC) will acquire independent Lloyd’s insurance and reinsurance broking group Newman Martin and Buchan (NMB) subject to regulatory approval.

Ironshore appoints M&A specialist in Singapore

Asia Pacific, Singapore23-09-2013Insurance News

Ironshore International has appointed Astrid O’Reilly to write Mergers & Acquisitions (M&A) insurance lines, based in its Singapore office. O’Reilly, who is a corporate lawyer, was an underwriter for M&A business lines in Ironshore’s London office.

Swiss Re Corporate targets marine growth

Europe23-09-2013Insurance News

Swiss Re Corporate Solutions has announced the expansion of its marine insurance footprint in Continental Europe through the formation of a dedicated underwriting team in Paris.

GIC Re launches new cat pool with FAIR

Asia Pacific23-09-2013Reinsurance News

Indian reinsurer GIC Re, in collaboration with the Federation of Afro Asian Insurers and Reinsurers (FAIR), has launched a catastrophe reinsurance pool that will help insurers reinsure natural catastrophe exposures in the Afro Asian region.

JLT acquires Towers Watson’s reinsurance business

Europe, London, North America20-09-2013Reinsurance News

Jardine Lloyd Thompson Group (JLT) will acquire the reinsurance brokerage business of Towers Watson for a cash consideration of $250 million (£156 million).

SCOR issues extreme mortality protection bond

North America19-09-2013Insurance News

SCOR Global Life SE, a subsidiary of SCOR SE, has completed a deal that provides it with collateralised extreme mortality protection against increases in US mortality rates from any cause.

York International strengthens London team

Europe, London18-09-2013Insurance News

York International, a UK and international loss adjuster and subsidiary of York Risk Services Group and part of York Specialized Loss Adjusting, has appointed Marc Godfrey as associate technical director.

Gallagher acquires specialist broker Belmont International

Europe, London18-09-2013Insurance News

Arthur J. Gallagher has acquired passenger transport specialist, Belmont International, for an undisclosed sum.

Some 85 percent of insurers may pull terrorism cover if TRIA expires says Aon

North America18-09-2013Insurance News, Specialty

According to Aon, 85 percent of insurers would pull terrorism risk cover if the Terrorism Risk Insurance Act (TRIA) expired. The revelation comes as the broker calls on the US government to extend The Act, saying that it “remains the best solution for handling the terrorism insurance exposure in the US”.

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