News

Re/insurance

Into Africa

For Bermuda reinsurers able to work around South African regulation, a primary market eager for innovative thinking and considered a stepping stone to the wider continent awaits.   18 June 2013

News

ACE receives rating boost from AM Best

AM Best has recognised ACE’s “consistent focus on underwriting profitability” and the strength of its company-wide ERM as it revised the group’s outlook from stable to positive.   18 June 2013

Re/insurance

The new kids on the block

The latest group of hedge-fund backed reinsurers may have timing and a similar investment strategy in common, but they are in fact very different animals.   18 June 2013

News

XL appoints Devaux-Piquer to head up European casualty reinsurance

XL has appointed Valerie Devaux-Piquer as casualty underwriting manager, European reinsurance.   17 June 2013

News

NY regulator on the warpath against ‘shadow insurance’

The New York Department of Financial Services has released its report into the world of ‘shadow insurance’ in which certain insurers employ shell captives to reinsurer particular risks and artificially lower their capital requirements.   13 June 2013

News

S&P reinsurer ratings highlight risk management

The latest up-date of Standard & Poor’s ratings of the 23 largest reinsurance group reveals the importance of enterprise risk management in buying ratings that might otherwise be unacceptable.   11 June 2013

ILS

Lloyd’s against a proliferation of Aon-Berkshire-type deals

Speaking at the AIRMIC conference, Vincent Vandendael, director, international markets at Lloyd’s, said that while the corporation was happy with the Aon-Berkshire deal, “proliferation could be an issue”.   11 June 2013

News

Ironshore: Boston bombing influenced terrorism product

John Newton, manager of Ironshore Europe’s London office, told Bermuda:Re that questions arising from the Boston bombings influenced how their new product handled terrorism coverage for high profile events.   7 June 2013

News

New management involves an imposition of will

Taking over as CEO is a daunting task, presenting unique challenges associated with building relationships within the new organisation and imposing a new management style.   6 June 2013

News

XL creates global emerging markets unit

XL Group has created a dedicated reinsurance global emerging markets unit as it looks to develop opportunities in new and emerging geographies.   5 June 2013

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