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Martin Sullivan, the deputy chairman of Willis Group Holdings and chairman and CEO of the Willis Global Solutions unit, will leave the firm in May 2013, after a transition, to pursue other interests. 20 February 2013
News
RenaissanceRe’s profits dropped in 2014 as the business also shrank slightly, largely due to it writing a lower volume of catastrophe business. 4 February 2015
Insurance
Brit Group has said it is looking to expand its distribution network by opening a branch office in Bermuda. The office will focus on underwriting excess workers’ compensation reinsurance as well as US property-catastrophe reinsurance, retrocession and ILW’s covers. 8 September 2013
Insurance
XL Group has appointed David Guest as underwriting manager, crisis management, Asia. 2 August 2013
News
A new company has been launched that plans to offer capital providers in Central and Eastern Europe (CEE), the Middle East & North Africa (MENA) and countries that were formerly part of the Soviet Union (an area known as the Commonwealth of Independent States (CIS)) access to catastrophe retrocessional reinsurance business. 21 June 2013
Insurance
The risk transfer industry and governments should partner to form a state-backed risk pool designed to cover worst-case scenario cyber attacks, Stephen Catlin, the executive deputy chairman of XL Catlin, told Monte Carlo Today. 16 September 2015
News
RenaissanceRe reported a 15 percent increase in net income in 2013 making $665.7 million compared with $566 million in 2012, despite the market becoming increasingly competitive. 5 February 2014
Alternative Risk Transfer
Increased trading in the secondary insurance-linked securities (ILS) market will offer many benefits to the reinsurance industry, such as a more detailed view of appropriate pricing. 30 January 2015
Alternative Risk Transfer
Any negative thoughts reinsurers have about the impact that the recent influx of alternative capacity is having on the industry should be dispelled. 8 September 2013
News
Legal Solutions Group and Xchanging have engaged in a strategic partnership to provide an integrated service to the London Market. 25 June 2012
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