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News
Watford Re, the latest reinsurer to enter the Bermuda market, will marry underwriting expertise from Arch with investment capabilities provided by Highbridge Capital Management. 31 March 2014
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Allied World has received approval from Lloyd’s to establish its own managing agent to oversee syndicate 2232, parting ways with Capita Managing Agency. 31 March 2014
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Endurance Insurance has appointed Joe Spallone as its commercial management liability senior vice president with responsibility for the firm’s western region in the US. 28 March 2014
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Blue Capital’s Global Reinsurance Fund’s third share placement has been delayed. The firm did not specify the reason behind the postponement. 27 March 2014
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An interactive data tool from Swiss Re’s sigma team casts light on the need to continue to drive insurance penetration globally. 27 March 2014
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FERMA has asked the EU not to intervene in the regulation of national insurance contracts, arguing that such an approach will jeopardise the market’s ability to write large cross-border risks. 27 March 2014
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Bermuda run-off acquirers, Catalina are buying SPARTA Insurance and intend to enter part of its business into run-off and to sell its alternative market business to Arch Insurance. 26 March 2014
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The Lloyd’s market achieved its best year since 2009, announcing a profit of £3.2 billion in 2013, despite poor investment returns and pressure on pricing. 26 March 2014
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Swiss Re’s latest sigma report into global catastrophe losses has found that climate change will lead to changes in the frequency, intensity and duration of extreme weather events. 26 March 2014
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AXIS Capital has made three management changes, appointing a new chief operating officer, senior advisor and CEO of AXIS Insurance. 25 March 2014
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