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Florida Citizens has increased its reinsurance protection by 70 percent to $3.1 billion for the 2014 hurricane season, despite maintaining its existing reinsurance spend. 28 April 2014
News
Willis has appointed David Martin as its UK CEO. Martin succeeds Steve Hearn and will begin work in May. 28 April 2014
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While the slowing of flood reform in the US has been an unwelcome development for the private market, FEMA research into growing private market participation and the continued direction of travel are cause for cautious optimism. 28 April 2014
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The Bermuda Business Development Agency has appointed Ross Webber as its new CEO, following the departure of Stephen Lund. He will begin work at the start of August. 28 April 2014
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XL Group’s North America primary casualty business is operating under a new label: global risk management. 25 April 2014
News
Endurance has announced that Richard Housley has joined the company as executive vice president and global practice leader for property insurance. 25 April 2014
News
Aon Benfield has appointed Luis Jose Pardo as CEO of its Peruvian operations, with a focus on driving growth and managing clients in the country’s robust re/insurance sector. 25 April 2014
News
Willis has announced the appointment of Alexis Faber as Practice Leader of FINEX North America, Willis’ management liability specialty practice group. 25 April 2014
News
Validus’ first quarter results provide some indication of the tough market conditions facing the reinsurance sector in 2014. 25 April 2014
Re/insurance
Sidecars have proved an attractive option of late, but reinsurers need to consider the implications of placing business in such entities closely. Here Eric Scheiner and Chen Foley of Sedgwick talks us through the issue. 24 April 2014
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