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PartnerRe announced the formation of Lorenz Re, a Bermuda-domiciled “companion facility” special purpose insurer to provide additional capacity on a diversified portfolio of catastrophe reinsurance treaties over a multi-year period. 2 April 2013

ILS

SPIs and sidecars head-up Bermuda formations in 2013

Statistics from the Bermuda Monetary Authority reveal that alternative reinsurance formations account for half of all formations since the start of 2013. 2 April 2013

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Citizens ramps up its depopulation and risk transfer

Citizens has reduced potential emergency assessments for Floridians by more than $3 billion— or 42 percent— from the 2012 hurricane season, through depopulation and risk transfer agreements. 28 March 2013

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Bermuda re/insurer share prices reach year-long high

The share value of a host of Bermuda re/insurers hit a year-long high this month as favourable year-end results, improving margins and a bullish stock market helped to buoy valuations. 28 March 2013

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Endurance: Dresner appointed EVP of distribution

Endurance announced Steven Dresner will assume the newly-created role of executive vice president of the company’s global insurance division. 28 March 2013

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Aon’s political risk map signals improvements

Aon Risk Solution's political risk map, created in partnership with Roubini Global Economics, indicated some decrease in global political risk and featured only 12 downgrades in stability rankings—almost half the number of the 21 assigned last year. 27 March 2013

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Aon: emerging markets will account for half of global economy by 2025

Aon Risk Solutions’ recent seminar on international growth found that by 2025 50 percent of the global economy will be in emerging markets and 8 out of 10 global megacities. 27 March 2013

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XL Insurance launches US food and beverage protection

XL Insurance this week launched pollution insurance coverage for the North American food and beverage industry. 26 March 2013

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Starr Aviation launches online airport quoting system

Starr Aviation, a division of Starr Indemnity & Liability, announced the launch of an online airport quoting system. 25 March 2013

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OIL launches online accreditation course

Oil Insurance Limited (OIL) announced the launch of the Oil Technical Accreditation (OTA), the company’s first ever energy web-based interactive training and accreditation tool for energy company risk managers and their brokers. 22 March 2013

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