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Alternative Risk Transfer
The recent issuance of a new cat bond by the World Bank Group’s International Bank for Reconstruction and Development (IBRD) covering natural catastrophes in Mexico, demonstrates the further maturity of the ILS sector and an increasing willingness by governments to use this form of risk transfer. 11 September 2017
Insurance
Indian reinsurer GIC Re is preparing to launch an IPO. Chairman-cum-managing director Alice G Vaidyan explains the reasons behind it and the company’s plans for the months ahead to Monte Carlo Today. 10 September 2017
News
Jardine Lloyd Thompson Group (JLT) has acquired South African employee benefits and healthcare broker and consultant, Eluleka Consulting. 28 November 2013
Insurance
Cooper Gay has expanded its energy division with the appointment of Simon Hirst-Marsden as head of energy technical upstream and Tony Rastall as divisional director of energy, specialising in onshore construction risks. 7 September 2016
Insurance
Following the major fire at Grenfell Tower in North Kensington, west London, casualty accumulations and casualty losses have come right into the focus of casualty re/insurers and the assessment shows that commercial clients are not buying enough liability limits. 23 June 2017
Insurance
Liability losses in excess of $1billion are becoming more commonplace for companies and are no longer confined to the US and Europe, according to an Allianz report. 3 April 2017
News
Sompo Japan Canopius Reinsurance has been assigned financial strength ratings (FSR) of ‘A’ (Excellent) from AM Best and ‘A+’ from Standard & Poor’s (S&P). 26 November 2015
Insurance
Broker Integro has strengthened its entertainment practice with the acquisition of London-based managing general agent (MGA) Entertainment Risk Management (ERM). 26 August 2015
Insurance
The Managing General Agents’ Association (MGAA) has elected James Gerry as its new chairman, following the first meeting of its new board. 16 March 2016
News
Mark de Saram, managing director and chief executive officer of Everest Reinsurance (Bermuda) will retire in April this year. 19 January 2016
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