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Oxbridge Re Holdings, the Cayman Islands-based property/casualty reinsurer backed by Tampa-based insurer HCI Group, has raised $26.4 million through initial public offering on the Nasdaq Stock Exchange. 27 March 2014
Insurance
Generali has welcomed the decision by Standard & Poor’s (S&P) to affirm its financial strength rating of A- after the Italian insurer passed a new stress test that had been introduced by the rating agency. The outlook on the rating is negative, however. 26 March 2014
News
A quiet hurricane season in the US was the biggest contributing factor to global insured losses from catastrophes totalling just $45 billion in 2013, a big decrease on the $81 billion of losses incurred by the industry in 2012, according to a report by Swiss Re. 26 March 2014
Insurance
Prompted by the retirement of its chief operating officer, specialty insurer AXIS Capital has reshuffled the leadership of its management team. 26 March 2014
Insurance
Broker Willis has appointed John Greene, formerly of HSBC, as group chief financial officer. He will succeed Michael Neborak, who was appointed in 2010. 26 March 2014
Insurance
Aviva has sold its Turkish general insurance business Aviva Sigorta AŞ to a private equity consortium led by EMF Capital Partners. 25 March 2014
Insurance
The financial services industry in the UK must improve policies and procedures designed to prevent bribery, according to the British Standards Institution (BSI), commenting following the fine issued to broker Besso by the Financial Conduct Authority (FCA). 21 March 2014
News
Munich Re has appointed two new board members. 20 March 2014
News
Munich Re has said it expects its profits to decline this year due to growing competition in reinsurance, changes in demand from insurers and the ongoing low interest rate environment. 20 March 2014
News
Reinsurer General Reinsurance has promoted Martin Hacala to the role of global claims manager. In addition, Ron Lepinskas has joined Gen Re Claims as global casualty lines manager, and Geoff Piggot has assumed responsibility for global property lines. 20 March 2014
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