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Alternative Risk Transfer
Florida start-up Heritage seeks ILS coverage
Heritage Property and Casualty Insurance, a Florida Citizens takeout insurer formed in 2012, is to use the insurance-linked securities (ILS) markets as a means of risk transfer for the first time.   1 April 2014
News
Oxbridge Re raises $26m through IPO
Oxbridge Re Holdings, the Cayman Islands-based property/casualty reinsurer backed by Tampa-based insurer HCI Group, has raised $26.4 million through initial public offering on the Nasdaq Stock Exchange.   27 March 2014
Insurance
Howden launches Fine Art and Specie division
Howden Broking Group, part of Hyperion Insurance Group, has launched a dedicated Fine Art and Specie Division with hires from Lloyd & Partners and Price Forbes.   26 March 2014
Insurance
ACE appoints business development manager
Insurer ACE has appointed a business development manager for Birmingham and the East Midlands, as it continues to expand its servicing capabilities throughout the UK.   24 March 2014
News
JLT Towers Re hires Guy Carpenter MD
JLT Towers Re has appointed Bart Zanelli, formerly of Guy Carpenter GC Securities, as head of advisory for North America.   21 March 2014
Insurance
AIG targets bespoke business travel policy
In response to growing levels of business travel, AIG has launched a product that covers the policyholder for everything from lost baggage to incidents of terrorism.   21 March 2014
Insurance
Re/insurers investing more in risk management
Most re/insurers are now managing capital using metric-based frameworks and are publishing more about their risk management targets than ever before.   20 March 2014
Alternative Risk Transfer
Tokio issues second quake bond
Tokio Marine & Nichido Fire Insurance, the property and casualty subsidiary of Tokio Marine, has issued a $245 million Bermuda-based bond for Japanese earthquake risk.   19 March 2014
News
Howden acquires Colombian reinsurance broker
Howden Broking Group, part of Hyperion Insurance Group, will acquire NMB Colombia Corredores de Reaseguros SA, a reinsurance broker located in Bogota.   19 March 2014
News
Cayman reinsurer prepares to go public
Cayman-based property and casualty (P&C) reinsurer Oxbridge Re has filed an Initial Public Offering (IPO) with the US Securities and Exchange Commission.   18 March 2014

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