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Ann Haugh will join Aspen Insurance as both global chief underwriting officer and chief operating officer. Separately, Aspen is creating integrated P&C sub-segments in both its international and US operations. 8 November 2013
News
AIR Worldwide estimates that insured losses from European windstorm Christian will come in between EUR 1.5 billion and EUR 2.3 billion, although the total damage was less severe than that from historical storms. 7 November 2013
News
He will be responsible for a broad range of professional, casualty, property and specialty lines offered through the company’s US producer network from the company’s New York Office. 6 November 2013
News
96 percent of respondents to the 1st Asia Reinsurance Barometer, carried out by the Qatar Financial Centre Authority, have indicated that they anticipate reinsurance supply to increase in Asia. 6 November 2013
ILS
Significant rate reductions at the mid-year renewals may signal a tough January for reinsurers, and will likely encourage global multi-line players to consider insurance lines more closely. 6 November 2013
News
Towers Watson’s sale of its reinsurance brokerage business to JLT—for a cash consideration of $250 million—has been completed. JLT will conduct combined business as JLT Towers Re until full integration in 2015. 6 November 2013
article
The size of ILS transactions entering the market continues to grow, but the coupon rate for investors has declined as institutional players continue to increase their investment in cat risk. 5 November 2013
ILS
Catlin has structured a $300 million cat bond, Galileo Re, which provides the re/insurer with fully collateralised coverage for named US storms, US and Canadian earthquakes and European windstorms for the coming three years. 5 November 2013
article
Endurance’s new CEO, John Charman, has signalled his intent to shift the strategic focus of the re/insurer to a greater emphasis on primary lines. 5 November 2013
ILS
According to statistics from the BMA, the 29 SPIs registered in 2013 have anticipated premiums of just under $970 million and will write more than $7 billion over the next five years. 5 November 2013
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