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SCOR locates Americas hub
French reinsurer SCOR has revealed that it will be launching its Americas "hub" in New York where it aims to serve North and South America, including Central America, the Caribbean and Mexico.
23 June 2008
Financial institutions top captives retain greatest risk
Captive operations owned by financial institutions are less likely to take out reinsurance than those belonging to other sector groups, according to a report by Marsh.
23 June 2008
Hannover Re agrees Indian life JV
German reinsurer Hannover Re has reached an "exclusive agreement" with Indian reinsurer GIC Re to develop and underwrite life reinsurance business in India, the group has announced.
23 June 2008
London market underestimates rate softening
Around three-quarters of London market insurers believe they will underestimate the impact of rate softening, according to a report from Ernst & Young (E&Y).
23 June 2008
Aon opens Middle East HQ in Dubai
Aon Corp's Middle East division has opened a regional headquarters in the Dubai International Finance Centre (DIFC), after being granted a license to operate within the DIFC.
23 June 2008
UK insurers' claims performance to be benchmarked
The Association of Insurance and Risk Managers (AIRMIC) is to publish an index which will allow its members to assess how insurers pay claims.
23 June 2008
RMS launches risk trading platform
Risk modelling firm Risk Management Solutions (RMS) aims to boost investment in the insurance linked securities (ILS) market with an electronic ILS portfolio management platform.
23 June 2008
Marsh UK announces new CFO
Angus Cameron is to join Marsh as CFO of its UK operations, parent company MMC confirmed last week.
23 June 2008
Assurant buys more for less
US insurer Assurant Inc has announced the completion of its catastrophe reinsurance programme for 2008 and, with rates falling, was able to buy additional cover.
23 June 2008
FSA again threatens on commissions disclosure
The Financial Services Authority (FSA) has said it is willing to mandate action on the disclosure of broker's commissions by the end of the year if the industry fails to find a solution to the issue.
23 June 2008
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