Allied World Assurance Company (AWAC) announced on Wednesday that it has acquired a minority stake in Aeolus Capital Management as it expands its Allied World Financial Services. 20 December 2012
The Patient Protection and Affordable Care Act (PPACA) is changing the US health care landscape and re/insurers have been obliged to respond, often through enlarged teams and a new approach to such risks. 20 December 2012
PartnerRe announced on Tuesday that it has officially acquired California-based managing general agency (MGA) and reinsurance underwriter, Presidio Reinsurance Group. 20 December 2012
Bermuda’s decision to adopt Solvency II equivalence has proved the right one for the island, even as the Bermuda Monetary Authority (BMA) slows the pace of implementation. 13 December 2012
The lack of investment returns being achieved by traditional reinsurers combined with the growing demands of regulatory capital are helping drive the rise of alternative capital in the industry. 13 December 2012
Bermuda-based reinsurance-linked investment manager CATCo Re has established a retrocessional reinsurance loss reserve for losses related to Sandy. 13 December 2012
XL and SCOR have agreed to back a new Lloyd’s syndicate formed by Randall & Quilter Investment Holdings. Syndicate 1991 was launched in August and will begin underwriting in the New Year. 13 December 2012
ACE Bermuda has established ACE Select, a paid internship program geared towards Bermudian college students who aspire to entering the insurance industry. 13 December 2012
White Mountains Solutions Holding Company, a wholly-owned subsidiary of Bermuda-domiciled White Mountains Insurance Group, has entered into a definitive acquisition agreement with a small runoff subsidiary of AIG. 13 December 2012
