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Troubled Tower Group International, which was downgraded last year following the revelation of a substantial shortfall in its reserves, has agreed to merge with ACP Re, a privately-owned Bermuda reinsurer. 7 January 2014
News
AmWINS Group, a distributor of insurance products and services, has made two acquisitions both from Fortegra Financial Corporation. 3 January 2014
Insurance
Asia Capital Reinsurance Group (Asia Capital Re) has appointed Raymond Cheung as chief risk officer, to oversee and drive the company’s Enterprise Risk Management (ERM) programme. 20 December 2013
Insurance
Alteris Insurance Services, a wholly-owned subsidiary of Argo Group International Holdings, has appointed John Atherton as senior vice president, general manager, to head Alteris Public Risk Solutions. He will report to Hilbert "Van" Schenck, CPCU, president, Alteris. 16 December 2013
Insurance
Ascent Underwriting, a Managing General Agent (MGA) specialising in emerging risks, has launched a medical billings errors and omissions insurance product specifically aimed at US healthcare professionals. 12 December 2013
Insurance
Specialist insurers and brokers with deep roots in the professional indemnity business are poised to capitalise on a forecast rapid growth in this market over the next four years. 11 December 2013
News
Melvin Schwarz will retire as general counsel of Guy Carpenter at the end of this year. He will be succeeded by Katherine Brennan, who become a member of Guy Carpenter’s board of managers and global operating committee, effective January 1, 2014. 6 December 2013
Insurance
Over half of employers in the industry would take on an apprentice to sustain talent, according to a survey by the Chartered Insurance Institute (CII). 4 December 2013
News
The quietest US Atlantic hurricane season in decades will lead to a low double-digit fall in related catastrophe reinsurance pricing in the key 2014 renewals, says Fitch Ratings. 3 December 2013
Insurance
Aon Benfield has appointed Keith Moore as chief business development officer of Aon Benfield’s US business. Moore will report to Bryon Ehrhart, chief executive officer of Aon Benfield Americas. 3 December 2013
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