News
Insurance
If it is to keep pace with the rate of change in the wider world, the insurance industry must throw off its shackles and embrace innovation. The risks of not doing this are as great as the rewards for companies that succeed, Mike McGavick, chief executive of XL, tells Intelligent Insurer. 16 July 2013
Insurance
Third Point Reinsurance, the reinsurance company started by hedge-fund specialist Dan Loeb, has filed a registration with the US Securities and Exchange Commission for an Initial Public Offering (IPO). The proposed maximum offering price is $250 million. 16 July 2013
News
Capital from third-party investors drove reinsurance market rates on line (ROLs) down at the July 1 renewals, as pricing in the capital markets broke away from levels set by the traditional market for the first time. 10 July 2013
News
Guy Carpenter has agreed to acquire South Portland, Maine-based Smith Group, a specialist disability reinsurance risk manager and consultant. 7 July 2013
News
The largest catastrophe bond to cover European wind risk has closed. Green Fields II Capital is a €280 million bond that will provide Groupama with protection against French windstorm losses for three and a half years. 3 July 2013
News
The consensus that the rapid growth of the third-party reinsurance capital and insurance-linked securities markets could harm certain reinsurers reliant on traditional books of business is growing. 26 June 2013
Insurance
Broker Guy Carpenter has launched a new Mutual Company Specialty Practice, which will focus exclusively on the unique needs of mutual insurance companies. 25 June 2013
Insurance
Miller has appointed Simon Weaver as head of Asia with effect from September 1 2013. 24 June 2013
News
JLT Reinsurance Brokers (JLT Re) has appointed Charles Withers-Clarke as head of its Bermudian operation. 21 June 2013
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