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Insurance
Antares has revealed positive results for its syndicate 1274 for 2012, despite noting that both the most expensive ever marine loss for insurers and one of the most expensive storm events ever, happened last year. 10 April 2013
News
CATCo Investment Management, the specialist reinsurance-linked investment business, has appointed Judith Wynne as group general counsel and company secretary. 10 April 2013
News
Concerns by some that the proliferation of alternative risk transfer mechanisms such as insurance-linked securities (ILS) could hamper growth among traditional reinsurers could be misplaced – based on the findings of a recent report by Aon Benfield. 10 April 2013
Insurance
ACE Group has appointed Mark Roberts as casualty manager for the UK and Ireland. 10 April 2013
Insurance
Everest Re Group’s insurance subsidiary, Everest Security Insurance Company, has entered into a definitive agreement with Arrowhead General Insurance Agency, a subsidiary of Brown & Brown. 10 April 2013
Insurance
New proposed capital requirements under Solvency II will force re/insurers to both reassess their strategic priorities – potentially placing non-core business into run-off – while also selling discontinued books of businesses to specialist third parties. 9 April 2013
Insurance
The latest delay to the implementation date of Solvency II, which many now not come into force until January 2016, represents welcome breathing space for many insurers and reinsurers yet to make firm decisions on how to deal with legacy business and run-off portfolios. 3 April 2013
Insurance
Global growth equity firm General Atlantic has bought a 30 per cent stake in Hyperion Insurance Group, the international intermediary. The deal values the company at an equity value of £250 million. 3 April 2013
Insurance
The Arab Spring and political turbulence in some parts of the Middle East and North Africa (MENA) has not dented the long-term prospects for the insurance industry in this area with strong growth still expected on the back of a combination of low insurance penetration and rapidly growing energy, infrastructure and healthcare sectors. 21 March 2013
Insurance
XL Group has appointed Matthew Huels into its surplus lines team as vice president and general liability line of business head. Based in Chicago, he joins from CoverX Specialty in Chicago where he served as vice president and Midwest primary casualty manager. He will report to Roxanne Mitchell, president of XL Group's Surplus Lines business. "To successfully serve hard-to-place risks that rely on the Surplus Lines market, you need intuitive, seasoned underwriters. That’s why we’re pleased to attract the underwriting talent that we do,” said Mitchell. 20 March 2013
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