News

News

ABIR: Global capital standard plans are misguided

Plans by the IAIS prompted by the Financial Stability Board to develop a global insurance capital standard could be misguided and risk creating a costly and potentially contradictory level of regulation for the insurance industry.   26 June 2014

News

Trans Re increases Pillar ownership stake

Transatlantic Holdings (TransRe) and the executive management of Bermuda-based insurance asset manager Pillar Capital Holdings have increased their ownership position in Pillar to 50 percent each.   26 June 2014

News

Sigma: non-life market growth slowed

A report by Swiss Re’s sigma group has found that non-life growth slowed in 2014, down from 2.7 percent in 2013, to 2.3 percent in 2014.   25 June 2014

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Guy Carp: hurricane season may throw up surprises

Despite suggestions that the US hurricane season will be quitter than normal, Guy Carpenter has released a new report cautioning against assumptions and a lack of preparedness.   25 June 2014

News

Super-tall building create dizzying challenge for insurers

With a kilometre-high building planned in Jeddah, Saudi Arabia, insurers will have to grapple with the increasing complexities of providing coverage for the construction and property risks of super-tall structures.   25 June 2014

News

ABIR: corporates may develop their own sidecars

Brad Kading, president and executive director of ABIR, believes that corporates may follow the industry’s lead in developing sidecars backed by third party capital.   24 June 2014

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IIS panel warns ring-fencing will damage emerging market potential

Members of the Global Reinsurance Leaders panel at the International Insurance Society’s 50th annual meeting in London have argued that emerging markets will suffer if regulators look to ring-fence capital and delink affiliate transactions.   24 June 2014

News

Hamilton appoints COO for US operations

William Thygeson has been appointed chief operating officer of Hamilton USA, the US operation of Bermuda-based Hamilton Insurance Group.   24 June 2014

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Aon develops global committee for power industry

Aon Risk Solutions has created a global power committee to support the increasing needs of the power industry as it looks to tackle new and existing power risks.   24 June 2014

News

Validus acquires US insurer; reaches for levers of diversification

Validus has announced a definitive agreement to acquire US specialty lines insurer, Western World Insurance Group, as it looks to develop a more diversified group portfolio.   24 June 2014

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