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JLT Re has announced that it has launched a programme in partnership with Florida insurer, Weston Insurance Company to depopulate Citizens Property Insurance Company, reducing the latter’s exposure by $30 million. 19 February 2013
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US-based Starr Indemnity and Liability is the latest re/insurer to develop its agricultural business, having received approval from the Risk Management Agency of the US Department of Agriculture to participate as an ‘approved insurance provider’ in 2013’s federal multi-peril crop insurance programme. 18 February 2013
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Ironshore has announced its acquisition of Excess Risk Reinsurance (ERR), a managing general underwriter specialising in employer stop loss insurance, which will now operate as a wholly owned subsidiary of Ironshore. 18 February 2013
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Bermuda Re brought together leading figures from the Bermuda market for a roundtable to discuss key issues in 2012 and beyond, with insights from the event providing an invaluable barometer of the market. 18 February 2013
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Aspen Insurance Holdings announced that co-founder Julian Cusack will be stepping down from his position as chief risk officer, effective immediately. 14 February 2013
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Allied World is expanding its European operations with the appointment of Julian James as president of its European operations, but Bermuda continues to receive praise. 14 February 2013
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Arch Capital announced that its US subsidiary Arch US MI has entered into a definitive agreement to acquire CMG Mortgage Insurance Company. Bermuda Re spoke to Brian Schneider of Fitch about the acquisition. 14 February 2013
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Bermuda-based Enstar Group, which specialises in acquiring and managing insurance and reinsurance companies in run-off, has completed its acquisition of Seabright Holdings. 14 February 2013
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The latest report from Aon Benfield’s Impact Forecasting unit found that global insured losses for 2011 and 2012 were well above the norm at $132.62 billion and $72.24 billion respectively. 14 February 2013
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US insurer, Travelers faces proceedings in New York’s Court of Appeal following a decision by the court that its structuring of a $1 billion settlement over asbestos may have forced reinsurers to pay more. 14 February 2013
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