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Hamilton Insurance Group, the holding company of Bermuda-based property casualty reinsurer Hamilton Re, has announced that William C. Freda has joined its board of directors. 6 June 2014
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Despite subdued tornado activity, thunderstorm activity in the US during May drove losses with four periods of severe weather resulting in aggregate insured losses estimated at more than $1 billion. 6 June 2014
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ACE has released a new advisory paper detailing the increase in liability risk as government agencies use the False Claims Act (FCA) to aggressively enforce complex regulations that govern insurance programs. 6 June 2014
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Catlin Group has announced itself as the next insurer to set up office in the Dubai International Financial Centre (DIFC). 5 June 2014
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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
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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
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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
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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
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Bermuda-based OneBeacon has appointed Elliot Konschak, formerly of QBE, as president of OneBeacon crop insurance. 4 June 2014
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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
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