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New Zealanders consider captives as reinsurers hike prices
Insurance brokers in New Zealand are looking into forming captive insurers for their clients as reinsurance rates climb after the Christchurch earthquakes, according to AM Best
15 November 2011
John Kuhn appointed CUO of Axis Insurance
Axis Capital Holdings announced on Monday that John "Jack" Kuhn has been appointed as chief underwriting officer of its Axis Insurance subsidiary.
15 November 2011
Don Kramer on Insurance Hall of Fame shortlist
The International Insurance Society (IIS) has released its list of industry heavyweights for inclusion on the shortlist for its annual induction into the Insurance Hall of Fame
15 November 2011
Ascot confirms Dawnmarie Black hire
Chartis-backed Lloyd's (re)insurer Ascot Underwriting has continued its US expansion with the hire of former Aon Benfield Fac executive Dawnmarie Black, a move first revealed by The Insurance Insider earlier in the month.
15 November 2011
Markel raids Bloemers after failed takeover
Only months after being trumped by German insurance group HDI-Talanx in the auction for Bloemers Nassau, Markel has raided the Dutch insurer/underwriting agency by hiring 20 key staff to launch its Netherlands business.
15 November 2011
Traditional insurance not a systemic risk - IAIS
Traditional (re)insurance activities do not post a threat to the global financial system or real economy, according to a new paper from the International Association of Insurance Supervisors (IAIS).
15 November 2011
AJ Gallagher to acquire Mutual Insurance Services
Expansionist US broker Arthur J Gallagher has announced an agreement to purchase Mutual Insurance Services (MIS).
15 November 2011
Accounts switch hands as Big Three battle for growth
A number of high profile reinsurance accounts have switched hands between Aon Benfield, Guy Carpenter and Willis Re in the lead-up to 1 January renewals as the broking giants continue to scrap it out to achieve organic growth.
15 November 2011
Transatlantic book value may be understated by $5 per share on AIG dispute
Transatlantic Re's reported third quarter book value might be understating the true value by up to 7.5 percent due to the uncertainty of a long-running dispute between the reinsurer and former parent American International Group (AIG), The Insurance Insider understands.
15 November 2011
Airroc honours Lee & Rothseid
The Association of Insurance & Reinsurance Run-Off Companies (Airroc) has jointly awarded its 2011 Person of the Year to Andrew Rothseid of RunOff Re.Solve and Gary Lee of Morrison & Foerster for their work on the GTE Reinsurance Company closure.
14 November 2011
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