News
News
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
News
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
News
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
ILS
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
News
According to Graham Evans, CEO of international insurance at Endurance Insurance, the recent creation of a London-based professional indemnity team is indicative of the company’s insurance growth strategy for 2014. 9 January 2014
article
Validus’ SPI, AlphaCat has fully deployed its $160 million of collateralised reinsurance and retrocessional capacity at the January renewals. 9 January 2014
News
XL Group CEO and chairman of the Geneva Association, Mike McGavick has been robust in his defence of the industry in an open letter to the Financial Times in which he argues that insurers neither create, nor represent a systemic risk. 9 January 2014
ILS
The capital from Altair Re II, which is the second Altair transaction, will be used to support ACE Tempest Re’s global property catastrophe reinsurance portfolio. 7 January 2014
News
Citing favourable market conditions as a key driver, Australian insurance giant IAG has said that it has increased its reinsurance buy for 2014 to $5.6 billion, up from $5 billion for 2013. 7 January 2014
News
The new entity is separate from Catlin's Lloyd’s operations, which have been writing business since 1999, and began writing specialty lines of direct insurance in Singapore and reinsurance throughout the Asia-Pacific region on New Year’s day. 7 January 2014
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