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Latin American proving fiercely competitive as World Cup looms

Bermuda, Latin America13-05-2014

According to a new recent report by Aspen, the Latin American market is beginning to open up, but reinsurers face a fiercely competitive environment.

Allied World launches P&C offering in Canada


Allied World has announced the launch of its initial property & casualty (P&C) offering in the Canadian market.

Market Re deal indicative of appetite for smaller bonds


Jardine Lloyd Thompson Capital Markets, which is part of JLT Towers Re, announced it has arranged another private placement catastrophe bond.

Generali bond exceeded expectations


Generali’s recent Lion I Re cat bond exceeded expectations at the insurer, both in terms of price and interest, and in the face of a fiercely competitive reinsurance market.

New disclosures lead to downgrades for Tower

Bermuda, North America12-05-2014

AM Best has downgraded troubled insurer Tower Group’s FSR from B (Fair) to C++ (Marginal).

Citizens halved rate on line in four years

Bermuda, North America12-05-2014

Florida Citizens has managed to halve its rate on line for both traditional and convergence reinsurance capacity since 2011, as it has taken advantage of “seriously competitive dynamics”.

Third Point sticks to plan despite shaky first quarter


Third Point Re is to continue with its current business plan in spite of a difficult first quarter.

AXIS creates new position in its international insurance division

Bermuda, Europe09-05-2014

AXIS has announced that Joe England has been appointed chief underwriting officer, international division at AXIS Insurance.

Severe April weather tops billion dollar loss

Asia-Pacific, North America08-05-2014

Impact Forecasting has released the latest edition of its monthly global catastrophe report, revealing severe weather events in the US topped $1 billion of loss.

ACE leads the way with mobile travel assistance app


ACE Group has announced the launch of an exclusive mobile application that provides travel assistance services for its international casualty insureds doing business overseas.

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