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Alternative Risk Transfer
The big four reinsurance companies in Europe—Munich Re, Swiss Re, Hannover Re and SCOR—have a bright future in the market, according to Stefan Holzberger, managing director of analytics in Europe, Middle East and Africa at AM Best. 20 October 2014
Insurance
ANV Holdings has appointed a head underwriter to lead its new excess non-marine liability line. 17 October 2014
Insurance
Rating agency Standard & Poor’s (S&P) has upgraded insurer AXA’s outlook to positive to reflect what it said was an improved financial risk profile. 16 October 2014
Insurance
XL Group’s insurance operations have appointed Michael Garceau as its new chief financial officer (CFO), succeeding Chris Dougherty who assumes the position of executive vice president, underwriting and ceded reinsurance. 16 October 2014
Insurance
XL Group has appointed Richard Jinks to establish a facilities centre of excellence, initially for XL’s international property and casualty (P&C) business. 15 October 2014
Insurance
Specialist insurance group Ecclesiastical has appointed Jonathan Phillips to the newly-created role of group programme director. 14 October 2014
Insurance
Third party capital coming into the insurance industry should be viewed as an opportunity and not a threat as long as insurers learn to adapt. 14 October 2014
News
Jamie Veghte, the chief executive of XL Group’s reinsurance segment, has stepped down. XL has now begun a search for a new reinsurance leader. 9 October 2014
Insurance
David Edward, a founding partner of Ascot Underwriting, has returned to XL Group on a consultancy basis as underwriting development advisor to the global specialty unit. 2 October 2014
Insurance
XL has boosted its North America property insurance team with the appointment of Jay Smelser as South Central regional leader. 30 September 2014
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