News
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
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
article
AM Best has placed ACP Re’s A- (Excellent) rating under review with negative implications following its decision to acquire troubled Bermuda-based insurer, Tower Group. 13 January 2014
News
Despite the recent headlines relating to its involvement in ILS, Property Claim Services remains committed to its core value of providing catastrophe loss data to the traditional market. 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
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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
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
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
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