The New York Department of Financial Services has released its report into the world of ‘shadow insurance’ in which certain insurers employ shell captives to reinsurer particular risks and artificially lower their capital requirements. 13 June 2013
Despite suggestions in some quarters that third party capital might prove a fair weather friend, new capacity is likely to stay and may well prove of significant benefit to buyers. 11 June 2013
Speaking at the AIRMIC conference, Vincent Vandendael, director, international markets at Lloyd’s, said that while the corporation was happy with the Aon-Berkshire deal, “proliferation could be an issue”. 11 June 2013
The latest up-date of Standard & Poor’s ratings of the 23 largest reinsurance group reveals the importance of enterprise risk management in buying ratings that might otherwise be unacceptable. 11 June 2013
John Newton, manager of Ironshore Europe’s London office, told Bermuda:Re that questions arising from the Boston bombings influenced how their new product handled terrorism coverage for high profile events. 7 June 2013
Taking over as CEO is a daunting task, presenting unique challenges associated with building relationships within the new organisation and imposing a new management style. 6 June 2013
XL Group has created a dedicated reinsurance global emerging markets unit as it looks to develop opportunities in new and emerging geographies. 5 June 2013
Ironshore International has announced the launch of their “SecurEvent” coverage, an insurance product that covers potential risk exposures surrounding high-profile events. 4 June 2013
