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Montpelier Re floats $100mn cat fund
Montpelier Re has confirmed the launch of its new asset management platform Blue Capital and that it has raised $100mn in the IPO of its new Blue Capital Global Reinsurance Fund (BCGRF)
05 December 2012
Novae appoints ex-Guy Carp and Benfield exec as CFO
Quoted Lloyd's insurer Novae Group has found a successor to long-serving CFO Oliver Corbett by hiring Charlie Fry, the former Benfield and Guy Carpenter executive
05 December 2012
Fireman’s Fund downgraded to A by S&P on reserve deterioration
Fireman's Fund Insurance Co has been downgraded a notch from A+ to A by Standard & Poor's (S&P) on weak operating performance driven by adverse development of its loss reserves.
05 December 2012
Willis pursues European growth with restructure
Willis Group has completed the reshuffle of its international business unit with a series of senior leadership appointments.
04 December 2012
Chesterfield hires RKH exec as build-out continues
Lloyd's broker Chesterfield Group has appointed RK Harrison operations director Paul Attfield as executive director as the firm advances its ambitious growth strategy.
04 December 2012
Airmic: Supply chain insurance not up to scratch
UK risk managers' trade body Airmic has blamed the low take-up of insurance products dedicated to supply chain disruption, on their failure to meet clients' requirements.
04 December 2012
Top (re)insurers rewarded for profitability
(Re)insurers outperformed the market in 2012 on the back of profitable results, but sovereign debt continues to plague the lowest-performing carriers
04 December 2012
M&A: The neverending story
While 2011 was a significant year for M&A activity, 2012 has been characterised by the conclusion of some of the lengthiest and most fiercely contested deals of recent memory
04 December 2012
Up in the air
As recently as Baden-Baden, the 1 January renewals seemed to be a foregone conclusion. Superstorm Sandy changed all that. IQ looks at 2013 cat reinsurance rates...
04 December 2012
Pity the fool with the tool
A month after Superstorm Sandy battered the north-east US, continuing uncertainty around losses and the wide variation between official loss estimates has caused catastrophe modellers to be criticised in some quarters.
04 December 2012
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