Argenta’s executive director steps down
Argenta Holdings’ executive director and underwriting director of Argenta Syndicate Management (ASML), Paul Hunt, will step down from his executive roles in the coming months.
JLT expands Latam footprint with SCK acquisition
Jardine Lloyd Thompson Group (JLT), has extended its Latin American operation with a 75 percent acquisition of SCK via JLT Brazil Holdings.
Validus posts record profits
Driven by a year of low catastrophe losses Validus Holdings grew its gross written premiums by 10.8 percent in 2013 and its net income by 30 percent, delivering the company a record profit for the year.
RGA grows but profits decline
Reinsurance Group of America (RGA) reported increased net premiums written in 2013 enjoying growth of 4.4 percent but the business’s profitability declined partly thanks to increased claim liabilities in its Australian business.
Miller hires XL claims expert
Miller has appointed Alvin Poon to head up its claims team in Asia. He joins the business from XL Re where he was claims manager.
More governments likely to use cat bonds
More government or state run insurance pools and organisations will turn to the use of catastrophe bonds this year as the cost of such deals gets ever closer to that of using traditional reinsurance.
SCOR’s leader celebrated by industry
Denis Kessler has been elected to join the Insurance Hall of Fame by the members of the International Insurance Society (IIS).
2014 could be marked by innovation
Last year could be viewed as a pivotal year for the cat bond and sidecar markets but, partly in response to this, 2014 could well become a year marked by innovation in the traditional sector.
Markel bolsters specialty team
Markel International has boosted its speciality division with the promotion of Nick Hillman and Nick James to senior underwriters on the property treaty account.
Marine market remains unprofitable
The marine market remains unprofitable despite an economic recovery. That is the view of International Union of Marine Insurance (IUMI) president, Ole Wikborg, speaking ahead of the firm’s annual conference.
