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Endurance Speciality has pulled together a team of executives from other companies to build an international agriculture reinsurance unit for the company. 9 July 2014
News
Cooper Gay and Newman Martin and Buchan (NMB) have appointed a new chief executive of the firms’ combined reinsurance business following the resignation of the previous CEO. 8 July 2014
Insurance
Endurance Specialty has appointed Mark Maritzen as executive vice president and head of commercial property within its US insurance operation. 8 July 2014
News
Guy Carpenter is the latest authority to confirm softening in the reinsurance market, as it reported that “market pressures at July 1 renewals continued to drive price decreases across virtually all geographies and lines of business, many in the double digit range.” 8 July 2014
Insurance
ACE has completed a significant acquisition that will see it become the largest commercial P&C insurer in Brazil – the largest insurance market in Latin America. 7 July 2014
Insurance
RFIB Group, the Lloyd’s insurance and reinsurance broker, today has appointed Richard Macfarlane as managing director of its international non-marine business. 4 July 2014
Alternative Risk Transfer
The Texas Windstorm Insurance Association (TWIA) has completed a $400 million catastrophe bond hedging its exposure to tropical cyclone risks. 3 July 2014
News
The reinsurance sector saw significant rate reductions at the mid-year renewals as excess capital continues to chase muted demand, according to Willis Re. 2 July 2014
Insurance
Sirius International has obtained approval to run its Lloyd’s Syndicate 1945 through its own managing agency. 1 July 2014
Insurance
Bermuda-based run-off specialist Catalina Holdings has completed its reinsurance transaction with Delta Lloyd. 1 July 2014
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