Ironshore’s US specialty casualty unit has launched an excess casualty solution for US companies with international operational risk exposure. 15 January 2014
Stephen Hofmann will be responsible for driving business growth, managing client teams, and creating and maintaining a business environment that is supportive to optimising client results. 14 January 2014
Special purpose reinsurer Mt. Logan Re, formed last year by Everest Re to provide collateralised capacity to the property catastrophe reinsurance market, has secured additional funding. 14 January 2014
Roughly two-thirds of ILS investors are believed to be making long-term strategic allocations to the sector, recognising the diversifying and uncorrelated nature of the asset class. 13 January 2014
AM Best has placed ACP Re’s A- (Excellent) rating under review with negative implications following its decision to acquire troubled Bermuda-based insurer, Tower Group. 13 January 2014
Despite the recent headlines relating to its involvement in ILS, Property Claim Services remains committed to its core value of providing catastrophe loss data to the traditional market. 13 January 2014
ACE has acquired a 60.9 percent stake in Thai insurer Siam Commercial Samaggi Insurance, which writes $138 million of auto, small commercial and personal accident insurance in Thailand. 13 January 2014
In a reversal from 2012, just 16 percent of all economic losses occurred in the US last year according to Impact Forecasting’s Annual Global Climate and Catastrophe Report. 13 January 2014
Hamilton Insurance named Sandy Weill as its new chairman as the company takes a new heading under the leadership of insurance heavyweight Brian Duperreault. 10 January 2014
A report from PCS examining the ILS market entitled Underlying Change has found that the market is benefitting from increasing growth, diversification, midmarket participation and innovation. 9 January 2014
