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Fitch: April heralds tough mid-year renewal
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Rates declined more steeply in April than many anticipated, with the US mid-year renewals anticipated to heap further pressure on the property catastrophe reinsurance market.   9 April 2014
High-profile losses helping to drive cyber signings
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Well-documented cyber breaches in the US and internationally are focusing minds and are helping underwriters increase and speed-up signings.   9 April 2014
AIR Touchstone platform welcomes third party vendors
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AIR Worldwide’s Touchstone software platform has welcomed a host of third party modelling firms to provide property catastrophe data to the open source system.   9 April 2014
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ACE has launched a global engineering risk management service that will deliver “comprehensive real-time risk control data” to international risk managers.   9 April 2014
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Bermuda-based Aurigen Capital is looking to complete an IPO in Canada, as the company looks to build on a number of recent acquisitions.   8 April 2014
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XL Group has teamed up with terra Firma Risk Management to release a comprehensive kidnap, ransom and extortion crisis policy, which will be delivered through XL’s US crisis management team.   8 April 2014
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PCS has enhanced its US weather and natural hazard analytics capabilities with the aid of Verisk Climate, delivering precision catastrophe business data to P&C insurers.   8 April 2014
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Willis Re has recruited Greg Solomon as regional director, head of life and health for the Asia Pacific, Middle East, Turkey and Africa.   7 April 2014
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Bermuda-based Hiscox Re has appointed Reeva Bakshi as chief financial officer and Paresh Thakrar as chief operating officer.   7 April 2014
ILS
Investments by non-industry investors into the re/insurance space increased 800 percent in a decade, according to figures from Goldman Sachs.   7 April 2014

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