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Insurance
The Reinsurance Association of America (RAA) has elected Tad Montross, president and chief executive officer, General Reinsurance, as chair of the board of directors. 1 May 2014
News
Munich Re shareholders have approved a €1.25 billion shareholder payout following the company’s third highest annual result of €3.3 billion in 2013. 1 May 2014
Insurance
ACE posted healthy growth in its first quarter results driven largely by its property/casualty book, especially in North America where rate increases were also achieved. But its profits for the quarter dipped substantially. 30 April 2014
Alternative Risk Transfer
Generali has said the success of its recent catastrophe bond shows that investors appreciate the company’s recent moves to streamline its balance sheet and ensure long-term profitability. The bond also provides it with more flexibility and diversity of capital, the Italian insurer said. 29 April 2014
Insurance
ACE Group has reshuffled its senior leadership team appointing a new executive vice president responsible for global underwriting and a new president of its reinsurance division ACE Tempest Re. 29 April 2014
Insurance
Insurer ACE has completed its acquisition of a 60.9 percent stake in Siam Commercial Samaggi Insurance, a general insurance company in Thailand, from Siam Commercial Bank. 29 April 2014
Insurance
Broker Willis Group has appointed David Martin as chief executive officer (CEO) of Willis Limited, the Willis Group’s principal UK regulated entity. 29 April 2014
Insurance
Insurer XL Group has rebranded its North American primary casualty business to reflect its global reach. The division is now called XL Group’s global risk management business. 28 April 2014
News
Indian reinsurer GIC Re has acquired South African reinsurer Saxum Re in what is the company’s first overseas transaction. 28 April 2014
Insurance
Novae Group, the specialist listed Lloyd’s insurer, has appointed Reeken Patel, formerly of PricewaterhouseCoopers (PwC), as its chief risk officer. 28 April 2014
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