Reinsurance
Ecclesiastical promotes O’Riordan to replace retiring reinsurance boss Jones
Ecclesiastical has promoted internally to replaces its departing group head of reinsurance Andrew Jones.
Hg Capital buys Lloyd's software provider Sequel
Private Equity firm Hg Capital has acquired Sequel Business Solutions, a software and services provider to the Lloyd's and London market, in partnership with the Sequel management team.
Qatar Re recruits New Re’s Rappaz for group liability boss
Qatar Re has swooped for New Re’s head of casualty underwriting Stephan Rappaz.
Amlin increases stake in Leadenhall Capital Partners
Amlin has reached a non-binding agreement to increase its stake in investment manager Leadenhall Capital Partners.
JLT acquires stake in Sunidhi Group broking subsidiary
Jardine Lloyd Thompson has completed the acquisition of a 26% shareholding in Independent Insurance Brokers Private, the Mumbai and Chennai-based insurance and reinsurance broking subsidiary of Indian financial services business Sunidhi Group.
Market warns broadened terrorism coverage could impact reinsurers
Major changes to coverage offered at renewal include extended hours clauses
Career file - Jason Howard: Faber CEO Howard departs to lead Acappella
Jason Howard, chief executive of Willis facultative and wholesale reinsurance arm Faber Global, has left the firm to head up the newly formed Acappella Group Holdings
Helios agrees new reinsurance deals to free-up capital
Lloyd's-focused investment and underwriting outfit Helios Underwriting has secured several new collateralised reinsurance deals.
Competition leads reinsurers to drop terrorism exclusion clauses
Heightened competition for reinsurance renewal has resulted in reinsurers withdrawing the terrorism exclusion clauses that were introduced after the September 11 attacks.
Q&A - Michael Butt: The impact of climate change
Some 67 insurance and reinsurance chief executives recently signed The Geneva Association’s Climate Risk Statement in Canada. Michael Butt, chairman of Axis and co-chair of the association’s extreme events and climate risk working group, comments on the…
Peak Re appoints credit underwriter
Hong Kong-based reinsurer Peak Re has appointed Kathleen Koh as senior vice president to underwrite credit and surety business.
Munich Re's general insurance arm buys in Singapore
Ergo, a wholly owned subsidiary of Munich Re, has bought property and casualty insurer SHC Insurance for €66m ($90m).
Moody's revises outlook for global reinsurers as non-cat purchasing declines
Moody’s has revised its outlook for the global reinsurance sector over the next twelve to eighteen months to negative, as “pressures on several fronts” threaten to erode profit margins.
Peak Re appoints director for China
Hong Kong-based reinsurer Peak Re has appointed Helen Qian Mei Hong as director for China.
Peak Re unveils positive first year results
In its first full year of operations Hong Kong-based reinsurer Peak Re has unveiled 2013 profits of $103m (£61.8m).
Peak Re starts life and health book
Hong Kong-based reinsurer expands by gaining a life license and building a new team.
Hiscox Re appoints Krefta as CUO
Hiscox Re has appointed Mike Krefta as chief underwriting officer, with responsibility for its underwriting teams in London, Bermuda and Paris.
Career development: ABI releases industry guide to non-modelled catastrophe risks
The Association of British Insurers has published an industry guide to better identify, assess and manage non-modelled aspects of global catastrophe risks.
Munich Re's Q1 2014 profit falls 5%; April pricing weakens 8%
Profits fell 5% in the first quarter at global reinsurer Munich Re and April renewal prices declined 8%.
Swiss Re posts net income of $1.2bn for Q1
Swiss Re reported net income of $1.2bn (£707m) for the first three months of 2014, aided by benign natural catastrophe experience during the quarter.
MIB plans PPO research after mortality rates found to be higher than expected
Figures suggest reinsurers are becoming ‘marginally more comfortable’ with PPOs
Peak Re forms Australian partnership
Peak Re and Sydney-based reinsurance consultancy MacquarRe have signed a co-operation agreement.
Singapore progressing on contract certainty; December deadline looms
Singapore reinsurance market on track to meet the December 2014 contract certainty deadline if more companies make an effort to engage.
Catastrophes 'manageable' as global reinsurers post solid profits
Global reinsurers posted solid underwriting gains in 2013, as catastrophe-related losses were manageable and loss reserve development remained favorable, according to Fitch.