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Insurance
Fairfax Financial Holdings, the holding company for several re/insurance operations including OdysseyRe, enjoyed a massive boost in its profits for the first quarter of 2014 largely on the back of gains in its investment portfolio. OdysseyRe shrunk slightly in the quarter, however. 2 May 2014
Insurance
XL Insurance (Bermuda) has agreed to sell subsidiary XL Life Reinsurance (XLLR) to newly formed Bermudian company GreyCastle Holdings for $570 million. 2 May 2014
Insurance
Homeowners and private passenger auto lines are driving the continued release of industry reserves. 30 April 2014
Alternative Risk Transfer
Generali has said the success of its recent catastrophe bond shows that investors appreciate the company’s recent moves to streamline its balance sheet and ensure long-term profitability. The bond also provides it with more flexibility and diversity of capital, the Italian insurer said. 29 April 2014
Insurance
Broker JLT has appointed Rosmaylinda Nasution, formerly of ACE INA Indonesia, as the chief operating officer and chief executive officer of JLT Indonesia, a position overseeing the PT JLT Indonesia business. 25 April 2014
Insurance
Floridian insurer Heritage Insurance Holdings plans to raise up to $100 million in an initial public offering (IPO), as it continues to grow. 24 April 2014
Insurance
Broker JLT has further strengthened its specialty expertise in credit, political and security risks (CPSR) with new hires in Hong Kong. 23 April 2014
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