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K&R insurers downplay new UK anti-terror legislation

Kidnap and ransom (K&R) underwriters have told this publication that the introduction of additional anti-terrorism legislative measures would have little effect on their business.

Charlie Thomas, 24 November 2014
RenRe to acquire Platinum for $1.9bn

RenaissanceRe has struck a cash-and-stock deal to acquire peer Platinum for $1.9bn, the Bermudian cat specialist has said

Adam McNestrie, 24 November 2014
Airmic welcomes Pool Re deal

UK risk managers' association Airmic has welcomed UK state-guaranteed mutual terrorism insurer Pool Re's decision to implement far-reaching changes in the way it operates

Jenny Messenger, 24 November 2014
New Pool Re deal accepted unanimously

Pool Re members have voted unanimously in favour of proposed modernising amendments to the UK terrorism insurer at an extraordinary general meeting (EGM) held today (21 November)

Jenny Messenger, 21 November 2014
Moody’s downgrades Towergate

Moody's has downgraded the corporate family and probability of default ratings of UK broker Towergate's holding company by one notch to Caa1, and placed the ratings on review for further downgrade.

Dan Ascher, 21 November 2014
GAO targets Fema and RMA on climate change risk

The US Government Accountability Office (GAO) has told two key government agencies they must encourage crop and flood policyholders to adopt practices that reduce long-term risk

Jenny Messenger, 21 November 2014
Connecticut insurance commissioner to join Evercore

Thomas Leonardi is set to leave his role as Connecticut insurance commissioner to join investment bank advisory firm Evercore.

Jenny Messenger, 21 November 2014
Mariah Re dispute goes to appeal

Liquidators of the Mariah Re tornado bond have filed an appeal after a New York district court threw out their lawsuit against bond sponsor American Family Mutual Insurance and service companies PCS and AIR Worldwide.

Dan Ascher, 21 November 2014
$1.5bn Italian October flood hit, as US prepares for more storms

Floods and landslides in several regions in Italy during October have caused economic losses of EUR1.2bn ($1.5bn), according to data from Aon Benfield

Charlie Thomas, 21 November 2014
ANV confirms hire of life underwriter Garner

ANV has announced the appointment of Cathy Garner as active underwriter at its life Syndicate 779

Winifred Okocha, 21 November 2014

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