Willis Group has secured $55 million of index-based reinsurance capacity from the international weather risk markets for Africa’s first ever catastrophe insurance pool, ARC, which is based in Bermuda. 15 May 2014
The CEO of Torus, Dermot O’Donohoe, has resigned just six weeks after the specialty insurer was acquired by Enstar, forcing a reshuffle of senior management. 15 May 2014
According to Jacob Rosengarten, chief enterprise risk officer for XL, greater connectivity and technology are intensifying global risks and contributing to the world’s current state of instability. 15 May 2014
Swiss Re’s latest sigma study, Digital distribution in insurance: a quiet revolution, has found that technology is rapidly changing the way insurers and consumers interact. 14 May 2014
The premium of the transaction that Endurance is pursuing in its bid for Aspen has come under increasing pressure since it was announced, while Endurance and Aspen shareholders face a potential dilution of value if the deal goes ahead. 14 May 2014
Catlin Group has recorded good quarterly results in its interim management statement, experiencing growth across all of its business lines. 14 May 2014
Security professionals at this year’s Infosecurity Europe exhibition have said that very few have faith in cyber liability insurance, with 63 percent of respondents believing insurers would fail to honour a claim if one was made. 14 May 2014
