Universal Insurance Holdings has made substantial savings on its reinsurance programme as a result of changes made by its in-house reinsurance team. 5 June 2014
The passage of a bill by the senate banking committee would stem the risk of any economic or insurance disruption tied to terrorism exposures in the near term, according to Fitch. 5 June 2014
CTC Insurance Management, a Bermuda-based subsidiary of Charles Taylor plc, has announced that William Wood has joined the company as chief operating officer. 5 June 2014
Aspen has announced that its directors unanimously rejected a revised unsolicited proposal from Endurance to acquire the company for a combination of Endurance common stock and cash. 4 June 2014
Tokio Millennium Re has revealed that the New York State Department of Financial Services has issued a license to the firm’s newly formed US branch. 4 June 2014
Standard & Poor’s has raised questions regarding the validity of including insurers on a global list of companies regarded as posing a systemic risk to the global financial system should they fail. 4 June 2014
XL Group has announced the appointment of Aldith Townsend as a new underwriter in its railroad insurance team, part of XL’s global excess casualty division. 4 June 2014
Reinsurance rates continue to fall as increased competition from alternative markets, strong reinsurer balance sheets and low loss experiences persists. 3 June 2014
