News relating to the Bermuda and international insurance and reinsurance industry.
Modelling firm, AIR has released a model update re-examining Japanese earthquake risk following Tohoku, including insights into the risks posed by tsunamis and liquefaction.
Steven Horton has been promoted to vice president, financial lines manager at Iron-Starr Excess Agency based in Bermuda.
Global reinsurers are having to offer improved pricing, terms and lines sizes in order to respond to increasing pressure from the capital markets, says Willis Re.
The Bermuda Business Development Corporation, formed through a merger of Business Bermuda and the Insurance Development Council, has named Stephen Lund as its new CEO.
Greg Haft, formerly head of US property catastrophe underwriting at Markel, has been appointed head of catastrophe, Bermuda at Partner Re.
Tom Luning joins Aspen Re as the head of US regional business development, a role in which he will be responsible for delivering and enhancing Aspen Re’s range of products.
Joe Roberts, most recently an executive vice president and chief financial officer overseeing Alterra’s global expansion, has stepped in as chief financial officer at Ironshore.
Sharon Binnun, who has spent the last six years as the chief financial officer of Citizens Property Insurance Corporation, will resign her position effective July 5.
Hiscox has appointed Jeremy Pinchin as CEO for Hiscox Re as the first step in a planned merger of Hiscox’s reinsurance functions in Bermuda, London and Paris.
AM Best has recognised ACE’s “consistent focus on underwriting profitability” and the strength of its company-wide ERM as it revised the group’s outlook from stable to positive.