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Alternative Risk Transfer
The insurance-linked securities sector has seen a substantial rise in the number of catastrophe bonds issued with an indemnity trigger structure. Michael Madigan, a partner in the insurance practice, and head of the property and casualty alternative risk transfer practice in New York, at law firm Sidley Austin, explains why this trend is likely to continue. 19 August 2014
Insurance
The executive committee of the National Association of Insurance Commissioners (NAIC) has adopted a newly drafted reinsurance framework which changes the types of assets or securities insurer/captive regulations can invest in to back their reserve liabilities. 19 August 2014
Insurance
Guy Carpenter has released MetaRisk 7.3, the latest version of the firm’s risk and capital management decision-making tool. 15 August 2014
News
JLT Towers Re has appointed Elizabeth Kernan as senior vice president in its specialty practice based in San Francisco. 14 August 2014
News
JLT Specialty has expanded its capabilities with the creation of a crisis management team. 13 August 2014
News
Third Point Re, the reinsurance firm backed by Dan Loeb’s hedge fund, Third Point, has posted strong growth for the second quarter of 2014, despite an underwriting loss. 8 August 2014
Insurance
Broker Lockton has poached Michael Lea, Ian Nichol and Jo Newman from JLT. They will join its existing international management liability (IML) team. 7 August 2014
News
Hannover Re enjoyed growth in its net profits of almost 5 percent in the first half of 2014 and almost 10 percent in the second quarter alone. But the company’s gross written premiums shrank slightly on the back of intense competition in the reinsurance industry and clients retaining more business. 6 August 2014
Insurance
There will always be those that resist change in the insurance industry but that should not be an excuse for shunning innovation, Greg Case, the chief executive of Aon, tells Intelligent Insurer. 4 August 2014
Alternative Risk Transfer
In June Munich Re was forced to pull the plug on its latest catastrophe bond issuance. While the reasons are not completely clear, this event still represents a defining moment for the ILS markets, as Intelligent Insurer discovers. 4 August 2014
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