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Bermuda will continue NAIC assessment in 2014

As part of the Bermuda Monetary Authority’s (BMA) 2014 business plan the Authority will participate in the full National Association of Insurance Commissioners (NAIC) qualified jurisdiction assessment. 23 January 2014

ILS

Lancashire launches collateralised capacity through Kinesis

Kinesis Re has underwritten its first tranche of multi-class reinsurance agreements from January 1, extending collateralised combined aggregate limits in excess of $250 million to market. 22 January 2014

News

Amlin Europe enters German market

Amlin receives approval to open an office in Hamburg, Germany, with the new office due to be led by managing director, Martin Bircks. 20 January 2014

News

XL appoints reinsurance property underwriter

XL appoints Christian Daniele as senior property facultative underwriter for its reinsurance division. Daniele will be based in Zurich. 20 January 2014

News

Property insurance renewals proved competitive, but responsible

While reinsurers faced what can only be described as a tough renewals, insurers experienced one characterised by increased competition and capacity, but which nevertheless remained responsible. 20 January 2014

News

Long-term thinking is vital to confront global risk

According to the World Economic Forum's Global Risks 2014 report, top risks are socioeconomic and environmental, including income disparity, global governance failure and extreme weather risks. 16 January 2014

News

US natural disaster losses down 78 percent in 2013

In a reversal from 2012, just 16 percent of all economic losses occurred in the US last year according to Impact Forecasting’s Annual Global Climate and Catastrophe Report. 13 January 2014

News

ACE acquires majority stake in Thai insurer

ACE has acquired a 60.9 percent stake in Thai insurer Siam Commercial Samaggi Insurance, which writes $138 million of auto, small commercial and personal accident insurance in Thailand. 13 January 2014

News

Hamilton Insurance names Weill as chairman

Hamilton Insurance named Sandy Weill as its new chairman as the company takes a new heading under the leadership of insurance heavyweight Brian Duperreault. 10 January 2014

News

McGavick robust in defence of insurance industry

XL Group CEO and chairman of the Geneva Association, Mike McGavick has been robust in his defence of the industry in an open letter to the Financial Times in which he argues that insurers neither create, nor represent a systemic risk. 9 January 2014

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