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Stefan Kräuchi has been promoted within investment fund, HSZ Group, to CEO, partner and shareholder. 8 July 2014
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Endurance has announced that Mark Maritzen has joined the company as executive vice president and to head up the new commercial property unit within its US insurance operation. 8 July 2014
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Specialist global insurer Hiscox has announced the appointment of Simon Zelenoy to develop its London market business in Brazil. 8 July 2014
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Market pressures at the July 1st renewals continued to drive price decreases across virtually all geographies and lines of business, many in the double digit range. 8 July 2014
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Arch has announced promotions in its reinsurance group to support the recent expansion of the company’s mortgage insurance and reinsurance operations. 7 July 2014
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ACE Limited has announced that it will strike up a definitive agreement to acquire the large corporate P&C business of Itaú Seguros, S.A. from Itaú Unibanco S.A. for approximately $685 million. 7 July 2014
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Sirius International has obtained approval to run its Lloyd’s Syndicate 1945 through its own managing agency, effective 1st July. 7 July 2014
ILS
Amlin is increasing its stake in Leadenhall Capital from 40 percent to 75 percent, as the two firms continue to cement significant synergies. 7 July 2014
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XL Group’s insurance operation in Iberia has announced the appointment of Alejandra Llobera as senior claims specialist for financial lines as well as the promotion of Mónica Novillo to deputy claims manager. 4 July 2014
ILS
GC Securities, a division of MMC Securities Corp., a U.S. registered broker-dealer has announced the placement of the Series 2014-1 Notes, with notional principal at $400,000,000, through a newly formed catastrophe bond shelf program, Alamo Re Ltd. 4 July 2014
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