News relating to the Bermuda and international insurance and reinsurance industry.
Figures from Bermuda’s Ministry of Finance show that international company registrations rose by 21 percent in the first quarter of 2014 compared with the year before.
Guy Carpenter has announced the appointment of Boguslaw Skuza as chairman and managing director of Central and Eastern Europe, effective 1st August.
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon, has appointed Ferhan Ozay as CEO of its Turkish team, based in Istanbul.
Barbican Insurance Group has announced the appointment of Julie Abbott as a contingency and media underwriter, with immediate effect.
Jardine Lloyd Thompson Capital Markets has closed its second Market Re private placement cat bond at $31.825 million.
Board-level ownership of cyber risk remains comparatively low despite growing levels of awareness and understanding of the issue among large and medium-sized firms across the UK.
Marsh has announced the appointment of Robert Makhoul to the position of executive chairman, Marsh Middle East and North Africa (MENA).
Aspen has announced that the company’s board of directors unanimously rejected the unsolicited exchange offer from Endurance to acquire all of its outstanding shares for a combination of common stock and cash.
ILS manager, Securis, which recently established an office in Bermuda, has appointed Martin Reith as advisory director.
ACE has announced the launch of the next evolution of its CODA Premier Directors and Officers Liability Policy, protecting the personal assets of executives and board members of UK and other leading European companies.