News

News

ACE appoints energy underwriter for its MENA operation

ACE Group has announced the appointment of Adam Groves to the role of energy underwriter for ACE in MENA, as it continues to strengthen its energy insurance capabilities in the region.   20 June 2014

News

US re/insurers back terror bill renewal

Two prominent US re/insurers have given their support to the latest legislation intended to reauthorize the Terrorism Risk Insurance Program (TRIP) for five years.   20 June 2014

News

Aspen opens Miami office to service LatAm market

Despite continuing M&A overtures from Endurance, Aspen Insurance has announced that it will be opening a regional hub in Miami to service the burgeoning Latin American market.   19 June 2014

News

XL launches North American cyber division

XL Group has launched a dedicated cyber and technology risk unit for the US and Canada in response to what it believes to be rapidly growing demand for cover.   19 June 2014

News

Marsh strengthens Panama presence with Semusa acquisition

Marsh has strengthened its presence in Panama after it acquired a majority stake in broker Semusa, a company that has acted as the local representative of Marsh for 15 years.   19 June 2014

News

Moody’s downgrades reinsurance outlook to negative

Moody’s has lowered its outlook on the global reinsurance sector to negative, citing an oversupply of capacity and low interest rates.   19 June 2014

News

Aspen shareholders given white card to force through deal

Endurance is contacting Aspen shareholders directly in an attempt to force a decision regarding its proposal to increase the size of Aspen’s board and authorise support for its scheme of arrangement as it looks to forge ahead with its hostile M&A move.   19 June 2014

News

‘Pursue innovation’ XL’s Mike McGavick tells risk managers at Airmic

At a gathering of the UK’s leading risk managers, Mike McGavick, CEO of XL Group, told risk managers “it’s a great time to be in your jobs, there is great opportunity for you to lead your organizations’ thinking about risk.”   19 June 2014

News

Markel hires retro executive from Guy Carpenter

Markel has poached a retrocessional specialist from Guy Carpenter’s Bermuda team.   18 June 2014

News

Ironshore initiates potential $100m IPO

Bermuda-based property and casualty insurer Ironshore has filed its intention to list with the Securities and Exchange Commission ahead of an initial public offering (IPO) this summer.   18 June 2014

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