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The levels of both traditional and alternative reinsurance capital increased in 2013, creating a level of competition of business that is beneficial to reinsurance buyers.   9 April 2014
Insurance
The percentage of total hull losses fell to a record low, according to statistics released by the International Union of Marine Insurance (IUMI).   9 April 2014
Insurance
Barbican Insurance, which operates mainly through its Lloyd’s Syndicates, has appointed Tim Mackenzie, formerly of Faraday Re, as an underwriter in the firm’s international casualty reinsurance division.   8 April 2014
Insurance
Insurer AIG Europe has made three new appointments to its trade credit team. Oliver Lambert, Marius Wolmarans and Ulf Cramer join the team   8 April 2014
Insurance
The insured losses from the snowstorms in Japan in February have surpassed $1 billion despite early estimates predicted at nearly half of that.   7 April 2014
Insurance
Broker Arthur J Gallagher has acquired Mike Henry Insurance Brokers (MHIB), headquartered in Auckland, New Zealand.   4 April 2014
Insurance
Asta, the Lloyd’s third party managing agent, has taken over as the managing agency to Skuld Syndicate 1897. The syndicate was previously managed by R&Q Managing Agency.   4 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
News
Reinsurance rates softened across nearly classes and geographies in the April renewals, according to Willis Re.   3 April 2014
Insurance
The chief executive of Novae Group, the re/insurer which operates predominantly through Lloyd’s syndicate 2007, has said the group is open to potential acquisitions in 2014 after posting solid 2013 results.   3 April 2014

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