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ACE expands EU surety business to Benelux region

ACE Group has announced the launch of a suite of surety products in its Benelux region as it continues to expand its surety capabilities in Continental Europe. 10 July 2014

News

Endurance calls for Aspen to put ‘entrenched interests aside’

Endurance has sent a new letter to Aspen shareholders calling for them to back its proposal to acquire Aspen, arguing that Aspen has consistently underperformed and that the acquisition makes strong strategic sense. 10 July 2014

News

BTG Pactual looks to purchase Ariel Re from Global Atlantic

BTG Pactual and Global Atlantic have announced the signing of an agreement whereby BTG Pactual will acquire Ariel Re, Global Atlantic’s Bermuda-based property and casualty reinsurance company. 10 July 2014

News

Kinesis raises $50m for mid-year renewal underwriting

Kinesis Capital Management (KCM), the third-party capital management division of Lancashire, has carried out its mid-year draw, in line with its planned biannual regular offering. 10 July 2014

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Marsh launches cyber breach modelling tool

Marsh has announced the launch of a new cyber breach modelling tool, enabling clients to make more informed choices when determining the right amount of cyber insurance to purchase. 10 July 2014

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Nimble and opportunistic

Marc Grandisson, chairman and CEO of Arch Worldwide Reinsurance and Mortgage Group spoke with Bermuda:Re about Watford Re, the company’s work with Fannie Mae and Freddie Mac and Arch Capital Group’s strategies when it comes to the deployment of capital. 9 July 2014

News

Aon Benfield appoint head of US casualty facultative

Aon Benfield has announced the appointment of Nick Ambriano as head of its US casualty facultative team. 9 July 2014

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Qatar Re hires liability head from New Re

Qatar Re has announced the appointment of Stephan Rappaz, formerly of New Re, as global head of liability, effective December 1st, 2014. 9 July 2014

ILS

Aon Benfield: Cat bond issuance hits record high

The ILS market saw previous records smashed as cedants secured $4.5 billion of catastrophe bond coverage in the second quarter of 2014. 9 July 2014

News

Grant Thornton: Solvency II still a major concern for insurers

A survey conducted by business and financial adviser Grant Thornton UK LLP has found that only 6 percent of respondents believe the costs of Solvency II are 'reasonable'. 9 July 2014

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