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Members of the Global Reinsurance Leaders panel at the International Insurance Society’s 50th annual meeting in London have argued that emerging markets will suffer if regulators look to ring-fence capital and delink affiliate transactions. 24 June 2014
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William Thygeson has been appointed chief operating officer of Hamilton USA, the US operation of Bermuda-based Hamilton Insurance Group. 24 June 2014
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Aon Risk Solutions has created a global power committee to support the increasing needs of the power industry as it looks to tackle new and existing power risks. 24 June 2014
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Marsh has launched a Cyber Risk Financing Optimisation Tool in Europe that will help firms manage their cyber risks more effectively, by enabling them to evaluate their insurance needs and exposures. 24 June 2014
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Validus has announced a definitive agreement to acquire US specialty lines insurer, Western World Insurance Group, as it looks to develop a more diversified group portfolio. 24 June 2014
ILS
ILS Bermuda, the association behind last year’s successful Convergence 2013 event in Hamilton, has launched a website as it makes plans for Convergence 2014. 23 June 2014
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Aon Risk Solutions has appointed a new heads for its executive benefits and private risk management practices in the US. 23 June 2014
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Argo Global Assurances, the Paris-based underwriting platform of Argo, has appointed Édouard Merlet, who previously worked at Allianz Global Corporate & Specialty as space underwriter. 23 June 2014
News
The House Financial Services Committee has approved legislation to bring much needed reforms to the Terrorism Risk Insurance Act (TRIA), extending the act beyond its end-of-year expiration date. 23 June 2014
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Axis Capital’s chief operating officer, Jack Gressier, is to step down from the end of June 2015. 23 June 2014
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