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Swiss Re has entered into an agreement with Pacific Century Group to invest up to $425 million in FWD Group, an Asian insurance venture formed by Hong Kong business man Richard Li, who is also the son of Li Ka-shing, one of Asia’s richest men. 16 October 2013
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The Managing General Agents' Association (MGAA) has appointed Peter Staddon as its first managing director. His appointment will be effective from November 1, 2013. 11 October 2013
Insurance
A new London Market Energy Claims Committee has been set up to with the aim of establishing best practice guidelines for the sector. The group is overseen by the International Underwriting Association and hopes to improve client service with a more streamlined and cohesive approach to claims handling. 9 October 2013
Insurance
Allied World Europe, part of Allied World Assurance Company, has hired the aviation underwriting team of Markel Europe and acquired the renewal rights to a book of aviation business written by Markel Europe and its Lloyd's Syndicate 1400. 3 October 2013
Insurance
Twelve Capital unveiled an extension of its investment strategy at this year’s Rendez-vous de Septembre in Monte Carlo.The new strategic approach aims to provide small and medium sized insurers with an additional source of regulatory capital and to generate attractive risk-adjusted returns for Twelve Capital’s investors’ base. 3 October 2013
Awards
27 September 2013
Awards
27 September 2013
Insurance
Arch Insurance Group has launched an increased limits product of up to $5 million on its general liability coverage in the newly-formed contract binding operations. 26 September 2013
Insurance
Ascent Underwriting, a Managing General Agent (MGA) specialising in emerging risks, has appointed Delvin Tillett to strengthen its underwriting team. 25 September 2013
Insurance
Brokers Marsh & McLennan and Aon Benfield have indicated their support for renewal of the Terrorism Risk Insurance Act (TRIA). 25 September 2013
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