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Marsh has announced the launch of a new global placement organisation and the appointment of Dean Klisura as head of the operation. 3 July 2014

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ACE hires senior exec from Marsh

ACE has announced it will appoint Paul Wilderspin, formerly of Marsh, as client relationship manager for the UK and Ireland. 3 July 2014

article

Hannover Re teams up with TWIA on ILS transaction

Hannover Re has transferred storm risk for the Texas Windstorm Insurance Association into the capital markets in its latest ILS transaction. 3 July 2014

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Endurance: Aspen’s attacks on Charman ‘a smoke screen’

Endurance has attacked Aspen’s defence against its increasingly hostile overtures, accusing Aspen of using governance and compensation questions to distract shareholders from the value inherent in the transaction. 2 July 2014

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'Tentacles' of soft market hit mid-year renewals

The reinsurance sector saw significant rate reductions at the mid-year renewals as excess capital continues to chase muted demand. 2 July 2014

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Ownership change triggers Wilton Re upgrade

Fitch has upgraded the insurer financial strength (IFS) ratings of Wilton Re and all its various units to A+ from A. 2 July 2014

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Robust registration stats indicate Bermuda growth

More insurance companies with a physical presence and long-term plans to grow are forming in Bermuda, creating new jobs and opportunities for the industry, according to one of the island’s leading law firms. 2 July 2014

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XL extends Shariah compliant capacity to financial lines

XL Group has pledged its support for specialist Shariah compliant managing general agency, Cobalt Underwriting, with cover for financial lines products spanning financial institutions, professional indemnity and management liability. 1 July 2014

ILS

CCRIF confirms World Bank cat bond deal

The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has worked with the World Bank to structure a catastrophe bond that would transfer some of its risks into the capital markets. 1 July 2014

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Hamilton Re appoints specialty executive

Hamilton Re has announced that Richard Sammons will join the company in the position of senior vice president, specialty. 1 July 2014

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