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The majority of re/insurance executives believe that the acquisition of Montpelier Re was very much a case of second choice for Endurance after its earlier bid for Aspen was rejected, according to an online poll conducted by Intelligent Insurer. 6 July 2015
Insurance
The merger of broker Willis and professional services company Towers Watson makes strategic sense according to Keefe, Bruyette & Woods (KBW). 3 July 2015
Alternative Risk Transfer
Reinsurance capital reached $580 billion by the end of the first quarter of 2015, an increase of 1 percent over year end 2014, according to Aon Benfield’s latest reinsurance market outlook. 3 July 2015
Insurance
Rating agency Moody’s has placed Cooper Gay Swett & Crawford (CGSC) on review for a downgrade. 3 July 2015
Insurance
Niche venture capital provider BP Marsh has acquired a 20 percent stake in South African Property And Liability Underwriting Managers (PLUM) for £300,000. 3 July 2015
News
Reinsurance broker JLT Re has appointed Alison Wham as head of its Miami operation from October. 2 July 2015
Insurance
Marsh & McLennan Agency (MMA), a subsidiary of Marsh, has acquired Missouri-based independent agency JW Terrill. 2 July 2015
Insurance
JLT Specialty Insurance Services, a US subsidiary of Jardine Lloyd Thompson Group (JLT), has appointed Robert Benvenuto as executive vice president (EVP). 2 July 2015
Insurance
Broker Guy Carpenter has appointed Tim Gardner as chief executive officer (CEO) of US operations. 1 July 2015
Insurance
Montpelier Re and Endurance shareholders yesterday, June 30, 2015, voted in favour of merging the two companies. 1 July 2015
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