Reinsurance
Pioneering insurance professor passes away
Emeritus professor Robert Carter, a pioneer of university teaching and research in insurance and risk management, has died.
RMS updates Japan quake model
Catastrophe modelling firm Risk Management Solutions has released an update to its Japanese earthquake model, factoring in lessons from last year's Tohoku quake.
Munich Re chief laments China's poor rate of quake cover
Nikolaus Von Bomhard has implored China to create a public-private partnership to provide earthquake protection for businesses and citizens in the country.
UIB director Philip Loasby dies
Reinsurance broker UIB has announced that company director Philip Loasby has died.
Liberty Syndicates boosts new speciality products team
The Lloyd's operation of Liberty Mutual has recruited Simon Stokoe to its recently launched speciality business.
Torus gets Buffett backing
International insurer and reinsurer Torus has received a capital injection from National Indemnity Company, a subsidiary of Berkshire Hathaway.
Grant Thornton appointed as Gibraltar insurer Lemma goes into liquidation
Lemma Insurance Company has gone into liquidation, the Gibraltar Financial Services Commission has confirmed.
Hannover Re develops reinsurance for Ukraine market
German insurer Hannover Re has developed a bespoke reinsurance programme for the Ukranian market, according to a report by Romania-based news agency Xprimm.
Reinsurers look to underwriting results as investment yields fall
The investment returns achieved by reinsurers have fallen significantly during 2012 as Eurozone fears drive a flight to higher grade securities perceived as less risky, according to Guy Carpenter.
Lloyd's backs IPO access for small companies
Lloyd's of London has welcomed lower barriers to entry to the London Stock Exchange for small companies.
Guy Carpenter opens Greek office
Guy Carpenter & Company has opened a reinsurance intermediary office in Athens.
Tawa sells reinsurance businesses
UK insurer Tawa is to sell 100% of its shares in KX Reinsurance and its subsidiary OX Re to Catalina for a maximum of $30m.
Munich Re considers ILS fund
Munich Re may launch a fund to allow investors to buy catastrophe bonds and other insurance linked securities to meet the growing demand for instruments linked to natural disasters.
AGCS names new EMEA aviation head
Allianz Global Corporate & Specialty has promoted Henning Haagen to global head of aviation Europe, Middle East, Africa and Asia Pacific with effect from 1 January 2013.
'Super cedants' force reinsurers into caution
Consolidation among insurers means that catastrophe reinsurers could be more exposed to shocks on exposures, according to a study published today.
EC3 Brokers outlines plan to crack 'highly profitable' US casualty market
Giles' new reinsurance division, EC3 Brokers, has outlined its intention to focus on US casualty business, and claims to have signed up nine clients after launching just last week.
Moody's cuts Amlin ratings
The rating agency has lowered Amlin's group subordinated debt ratings and the insurance financial strength rating of its Lloyd’s syndicate.
'Credibility' of industry hinging on trialogue talks, says PWC
The reputation of the European insurance industry is in the balance as talks continue on the final text of Omnibus II, according to PWC.
Europe eyes up captive insurance
Organisations in central and eastern Europe and additional emerging markets are keen to take advantage of risk management and risk financing solutions such as captive insurance companies, according to Aon.
Clyde & Co recruits Paris partner
The law firm has recruited former Dewey partner Yannis Samothrakis to boost its global corporate insurance practice.
IUMI: Marine insurance market at "bottom of the pricing barrel"
Marine insurance brokers have been urged to warn clients that increases in rates and deductibles are on the way as part of the industry's push to escape the soft market cycle.
IUMI: Insurance industry acted responsibly during economic meltdown
The economic crisis will create opportunities for the global insurance and reinsurance market if it can deliver "true resilience", delegates at the International Union of Marine Insurance annual conference have heard.
Noonan: Flagstone integration on verge of completion
The merger with Flagstone Re could be complete within a fortnight, says Validus chairman and CEO Ed Noonan.
Giles unveils reinsurance division
Giles Group has launched a new reinsurance division called EC3 Brokers after months of anticipation.