News relating to the Bermuda and international insurance and reinsurance industry.
FLOIR has approved the take-out of 10,000 multi-peril personal policies from Citizens to Southern Oak Insurance Company.
ACE Group has announced the appointment of John Alfieri as division president, ACE USA regional operations and Andrew Hurley as regional executive officer for ACE USA.
Willis Group reported net income of $246 million or $1.35 per diluted share in the first quarter of 2014, as it pursues a strategic realignment towards high-growth emerging markets.
Guy Carpenter has released a report that suggests that the industry is continuing to benefit from increased reserve releases.
ACE reports 'exceptionally strong' premium growth and improved underwriting results in its first quarter results.
RenaissanceRe says that abundant capital is placing continued pressure on pricing, as supply continues to outstrip demand.
With Floridians paying four times more in flood premiums than they receive in pay-outs from FEMA, the state is backing a push for increased private participation and freedom of form for Florida flood coverage.
Bermuda-based Hamilton Insurance Group has appointed Kathleen Reardon as CEO of its Class 4 property casualty reinsurer, Hamilton Re.
ACE Group has announced that James Wixtead has been appointed senior vice president, ACE Group, and president of ACE Tempest Re Group, the company's global reinsurance business.
According to catastrophe modelling firm AIR Worldwide, a massive storm system on April 27th is responsible for spawning dozens of tornadoes across at least seven states in the south-central United States.