According to Willis, energy underwriters who believe that the softening in the energy market may soon come to an end are suffering from ‘wishful thinking’. 22 August 2014
Amlin has announced the appointment of Oliver Peterken as an independent non-executive director, which will take effect on September 1st, 2014. 22 August 2014
To respond to the growing need of companies operating in Latin America’s insurance sector, XL has moved its financial institutions manager to Brazil. 22 August 2014
Allied World has reached a definitive agreement to acquire the Hong Kong and Singapore operations of Royal & Sun Alliance Insurance plc (RSA) for approximately $215 million. 22 August 2014
The Bermuda Business Development Agency has formed a new business development team to work with industry focus groups to devise and implement strategies for job preservation and growth. 21 August 2014
Allied World has named its new CEO for the company’s global reinsurance operations as John Bender, who has overseen the company’s reinsurance platform globally since 2011. 21 August 2014
XL’s North America distribution and network team has appointed Michael Kretiv as vice president and client distribution leader, primarily in order to drive business growth in Dallas and its surrounding region. 20 August 2014
Alteris Insurance Services, a wholly-owned subsidiary of Argo Group, has launched a new specialty insurance program for large water-related entities in the contiguous US (excluding Alaska and Hawaii). 20 August 2014
AM Best has become the final rating agency to revise its outlook on the global reinsurance sector to negative, citing ongoing market challenges which will hinder the potential for positive rating outlooks or upgrades. 20 August 2014
