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Insurance
Marsh & McLennan has acquired Capstone Insurance Services, an agency located in Greenville, South Carolina, with revenues of $1.8 million. 7 April 2014
Alternative Risk Transfer
The recently closed $245 million catastrophe bond issued by Tokio Marine & Nichido Fire Insurance could prompt other big Japanese insurers to also tap the insurance linked securities (ILS) markets as an alternative means of risk transfer. 4 April 2014
Insurance
Willis Group has appointed Alan Hewitt, formerly of Jardine Lloyd Thompson, as multinational practice leader in its global human capital and benefits practice. 3 April 2014
Insurance
Re/insurance service provider Tawa has completed the demerger of its operating divisions into two independent groups and renamed what will become its primary operating unit Pro Insurance Solutions. 3 April 2014
Alternative Risk Transfer
Kiskadee Investment Managers, Hiscox Re’s insurance-linked securities (ILS) asset management subsidiary, has hired the former chief operating officer of AlphaCat Managers and the former chairman of the Bermuda Monetary Authority (BMA). 2 April 2014
Insurance
Chubb Insurance Company of Europe (Chubb) has appointed David Barr as European environmental manager 1 April 2014
Insurance
Argo International, the Lloyd’s insurer and member of Argo Group, has appointed Greg Walters as class underwriter for its onshore energy account. He will report to head of marine & energy Philip Thorpe-Apps. 1 April 2014
Insurance
David Prince, the chief financial officer of Liberty Mutual Insurance Europe, has resigned. 1 April 2014
News
Hong Kong-based reinsurer Peak Re has appointed Sophia Chiu, formerly of Marsh, as senior vice president for claims, overseeing the entire claims operations for the company. 1 April 2014
Insurance
Specialty insurer and reinsurer Brit Insurance will be valued at a market capitalisation of £960 million when it completes its anticipated initial public offering (IPO) set for the first week in April. 28 March 2014
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