News

News

QIC set to enter Lloyd’s market

Qatar Insurance Company (QIC) has reached an agreement to acquire the entire share capital of Antares Holdings, a leading specialist insurer and reinsurer operating in the Lloyd’s market.   13 February 2014

ILS

Jo Ann Stanton promoted to CFO at AlphaCat

Stanton joined the Validus subsidiary in 2009 and worked most recently as a vice president and controller.   13 February 2014

News

Praedicat will mine for ‘footprints’ of casualty risk

Casualty modelling firm Praedicat is mining scientific literature in order to flag up casualty exposures, promising to provide insurers insights into potential liabilities seven years before public awareness and potentially bruising litigation.   12 February 2014

News

Argo Group more than doubles net income in 2013

Argo Group International Holdings reports a combined ratio of 97.5 percent, down from 104.6 percent in 2012, and a net income of $143.2 million.   12 February 2014

News

Willis Group reports 2013 net income of $1 million a day

Willis Group reports a year-end net income of $365 million, compared with a loss of $446 million in the previous year.   12 February 2014

article

Former Validus CEO heads to Hamilton Insurance

Brian Duperreault’s Hamilton Insurance Group, the holding company for Hamilton Re, appoints former Validus CEO Conan Ward to head the group’s US operations.   12 February 2014

article

First casualty liability model launched by Praedicat

Praedicat, a subsidiary of RMS has launched CoMeta an analytical tool that will help re/insurers model and understand casualty risk in the global financial services sector.   11 February 2014

News

Markel grows book, but Alterra proves drag on performance

Markel grew its gross written premiums by 56 percent to $3.9 billion in 2013, up from $2.5 million in 2012, as it strengthened its excess and surplus, specialty, London market and Alterra operations.   11 February 2014

News

RMS(one) launch date announced

RMS(one) will be launched on April 15, offering users access to all RMS catastrophe models on one all-encompassing cloud-based exposure and risk management platform.   11 February 2014

ILS

Louisiana Citizens: rate suppression hinders depopulation

Maintaining non-competitive market rates is essential to Louisiana Citizens’ depopulation drive, while rate suppression in other US states will only sustain public involvement in insurance provision.   10 February 2014

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