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  • Companies should disclose their exposure to natural catastrophes to help make the economy more resilient against disasters, finance leaders attending a United Nations summit in London said today (25 June)
  • Worldwide growth in insurance premiums slowed to 1.4 percent last year from 2.5 percent in 2012, reflecting weaker demand for life insurance, according to the latest Swiss Re Sigma world premiums study
  • Run-off acquirer Catalina Holdings has announced a novation deal with NationsBuilders Insurance Company (NBIC) to transfer a portfolio of US residential construction liabilities to its Bermuda subsidiary, Catalina General Insurance Ltd
  • The cyber risk sector needs much more reinsurance capacity to enable proper growth, according to speakers at the 50th annual International Insurance Society seminar
  • Meteorologists are predicting a below-average number of Atlantic windstorms this year, but there is still uncertainty about the outlook for the 1 June to 30 November US hurricane season, reinsurance broker Guy Carpenter said in a briefing today (25 June)
  • Validus shares bucked a falling market to close up 1.25 percent in New York today (24 June) as investors reacted positively to the Bermudian's deal to buy US insurer Western World for $690mn cash.
  • Scor chief executive Denis Kessler called for an end to the current run of low interest rates during a panel discussion held at the International Insurance Society's 50th annual seminar today (24 June)
  • Marsh & McLennan (MMC) is to increase its exposure to economic growth in sub-Saharan Africa by taking a one-third stake in Alexander Forbes, as the South African insurance and investment consultant lists on the Johannesburg Stock Exchange
  • Hong Kong-based Asian regional reinsurer Peak Re today (24 June) announced the appointment of Kathleen Koh as senior vice president to underwrite credit and surety business
  • Scor has combined its existing Cologne and Zurich hubs in a move it says will further strengthen its organizational structure in Europe.