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XL Group has created a reinsurance Global Emerging Markets unit, which aims to optimise development. 4 June 2013
News
Tower Group International has entered into an agreement to acquire American Safety Reinsurance (ASRe), the Bermuda-based reinsurance subsidiary of American Safety Insurance Holdings, from Fairfax Financial Holdings for some $59m. 4 June 2013
News
French reinsurer SCOR has acquired the US life reinsurance operations of Assicurazioni Generali for €579m ($750m) plus a 2013 earnings adjustment via SCOR Global Life Americas Holding, one of its subsidiaries. 4 June 2013
Awards
Respondents to the Global Awards Survey, currently being conducted by the team at Intelligent Insurer, have been focusing heavily on innovation in the industry, a recent analysis of the data compiled so far has revealed. 29 May 2013
Insurance
After many years of softening, the excess and surplus lines market is now in a state of rehabilitation—but its health remains delicate and some smaller managing general agents have struggled and could ultimately be forced out of the market. 29 May 2013
Insurance
The Hon. Craig Cannonier, the Premier of Bermuda, has said the island’s regulatory regime is committed to remaining flexible and competitive to make certain it remains the jurisdiction of choice for both the captive industry and the international re/insurance industry. 22 May 2013
News
Some $1.6 billion of new issuance catastrophe bond transactions – made up of five bonds – took place in the first quarter, according to Willis Capital Markets & Advisory (WCMA), part of re/insurance broker Willis Group Holdings. 20 May 2013
Insurance
Pioneer Underwriting, a specialist Managing General Agency (MGA), has created a North American Primary PI underwriting unit, continuing with its development strategy. 17 May 2013
Insurance
Berkshire Hathaway (BRK) has become the first high profile victim of Standard & Poor’s recent revision of the methodology it uses to evaluate insurance companies. 17 May 2013
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