Neil Currie is stepping down as CEO of RenaissanceRe and will be replaced by Kevin O’Donnell from July. Currie will remain at the company in an advisory role until February of next year. 16 May 2013
Fitch Ratings has upgraded ACE and its subsidiaries by one notch, from ‘A’ to ‘A+’, citing continued strong operating performance, a strong balance sheet and financial flexibility with moderate leverage. 16 May 2013
The reinsurance industry should consider alternative investment opportunities created by bank disintermediation in their hunt for returns in the present troubled investment environment. 15 May 2013
Tokio Millennium Re has announced its intention to redomicile its headquarters to Switzerland. Its Bermuda offices will become a major branch of the wider company, with the move expected by October. 14 May 2013
State monetary action in Japan and the US are creating positives tailwinds for insurance investors, but headwinds—particularly in Europe— remain stubbornly persistent, according to ING Investment Management’s latest review of market conditions. 14 May 2013
Q-Re announced its new management team, led by CEO Gunther Saacke and put together in order to “build Q-Re into a global multi-line reinsurer with a focus on specialty lines”. 13 May 2013
ACE announced the launch of the ACE Express Private Health Care Protection Policy and the ACE Express Not-For-Profit Health Care Protection Policy to provide “customized and concise coverage”. 10 May 2013
XL Group will offer Shariah compliant insurance coverage to large and middle market clients through a relationship with underwriting agency Cobalt. 9 May 2013
According to Fitch Ratings, the failure of the US Congress to renew the Terrorism Risk Insurance Act (TRIA) could “induce commercial insurers to retreat from larger metropolitan areas, raising premium rates. 9 May 2013
