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US-based Starr Indemnity and Liability is the latest re/insurer to develop its agricultural business, having received approval from the Risk Management Agency of the US Department of Agriculture to participate as an ‘approved insurance provider’ in 2013’s federal multi-peril crop insurance programme. 18 February 2013
News
Ironshore has announced its acquisition of Excess Risk Reinsurance (ERR), a managing general underwriter specialising in employer stop loss insurance, which will now operate as a wholly owned subsidiary of Ironshore. 18 February 2013
News
The latest report from Aon Benfield’s Impact Forecasting unit found that global insured losses for 2011 and 2012 were well above the norm at $132.62 billion and $72.24 billion respectively. 14 February 2013
News
Allied World is expanding its European operations with the appointment of Julian James as president of its European operations, but Bermuda continues to receive praise. 14 February 2013
News
Validus chairman and CEO, Ed Noonan has announced that the company has signed a letter of intent to acquire Bermuda reinsurer, Longhorn Re, a writer of US-based single-crop reinsurance. 5 February 2013
News
Munich Re’s recently released report on 2012 cat losses argues that states need to strengthen loss prevention efforts to mitigate the threat of rising insured losses. 5 February 2013
Re/insurance
US property and casualty insurer, Tower Group has moved to acquire Canopius Bermuda Limited. 24 January 2013
Re/insurance
Assured Guaranty announced that it intends to dispute its ratings downgrade from Moody’s, which reduced its insurance financial strength rating to Baa1 (stable outlook) for Assured Guaranty Re. 24 January 2013
News
Risk modeller, AIR Worldwide released a report this week, aptly entitled Taking a Comprehensive View of Catastrophe Risk Worldwide, which seeks to answer key questions associated with 2011. 17 January 2013
Re/insurance
Now entering its eighth year, the Bermuda U40s tour is an industry event that enables up-and-coming Bermudians to experience other global re/insurance markets first-hand. 17 January 2013
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