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California quake fund to renew cat bond
The recent impasse in new catastrophe bond issuance has ended with workers' compensation insurer the California State Compensation Insurance Fund seeking to renew its Golden State Re earthquake bond at $150mn.
01 September 2014
AM Best defends hedge fund reinsurer model
AM Best has defended its rating process for hedge fund reinsurers and reasserted its view that the model is a viable strategy that can be successful when executed properly.
01 September 2014
Tower downgraded again and receives further SEC subpoenas
Beleaguered US insurer Tower Group International has endured another challenging month after receiving a further rating downgraded from AM Best as well as a formal subpoena from the Securities and Exchange Commission (SEC) as part of an ongoing investigation.
01 September 2014
2014 crop insurance conditions ‘modestly positive’: Janney
After two challenging years for the US crop insurance market, 2014 is shaping up to be "modestly positive", according to analysts from Janney Capital Markets.
01 September 2014
JLT: Independent broker heritage safe after L&P merger
JLT's plans for US expansion and to merge JLT Specialty and its arm's-length marine and energy specialist wholesaler Lloyd & Partners will not affect relationships with its key independent broker producers, the London-headquartered broker said.
01 September 2014
Burke: No immediate plans for US JLT Towers Re CEO
Jardine Lloyd Thompson (JLT) has no immediate plans to hire a US head of its JLT Towers Re unit, group CEO Dominic Burke confirmed after a management reshuffle was announced last week.
01 September 2014
Galloway latest to join QBE exodus
Ben Galloway, an underwriter in QBE Europe's international casualty division, has resigned, The Insurance Insider has learned.
01 September 2014
Scott resigns from Skuld
James Scott has resigned as class energy underwriter for the Norwegian protection and indemnity club Skuld's Syndicate 1897 at Lloyd's, The Insurance Insider can reveal.
01 September 2014
Argo hires Ribeiro as head of international
Bermuda-headquartered (re)insurer Argo has hired Jose Ribeiro, former CEO of Generali Brazil and director of international markets at Lloyd's, to take the new role of head of international, the firm announced today (1 September).
01 September 2014
Aon Benfield and Aegis plug cyber gaps
Aon Benfield has secured back-to-back reinsurance capacity for Aegis London's cyber facility, The Insurance Insider revealed last week (29 August).
01 September 2014
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