News

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

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

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

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

News

IAG increases reinsurance buy by 10 percent

Citing favourable market conditions as a key driver, Australian insurance giant IAG has said that it has increased its reinsurance buy for 2014 to $5.6 billion, up from $5 billion for 2013.   7 January 2014

ILS

January renewals reflect influx of new capital

According to Nick Farland, CEO of EMEA at Guy Carpenter, the falling rates are a trend that began at mid-year renewals and continued through to the New Year.   6 January 2014

News

Tower announces planned merger with ACP Re

Tower Group has announced a merger with privately-held and Bermuda-based ACP RE, with the new entity set to operate under the Tower name but as a subsidiary of ACP Re.   6 January 2014

News

Canopius acquired by Japanese insurer NKSJ Holdings

Cash-rich, top-three Japanese insurer, NKSJ Holdings has acquired Canopius for £594 million as it moves to broaden its international footprint through its purchase of the London market player.   18 December 2013

News

Willis International chairman moves onto Willis board

Sarah Turvill has retired as chairman of Willis International, effective from the end of 2013. She will not act as non-executive director on the Willis board.   18 December 2013

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