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Reinsurers’ M&A strategies could be hit by recent capital loss events

10th November 2017

As reinsurers cope with significant third-quarter catastrophe-related losses, research analysts speaking at the 2017 Bermuda Reinsurance Conference said they believed that although the hit to reinsurer balance-sheets would be less severe than in previous high-loss years, it would impact firms' M&A strategies. "It seems like, if you look at the hits ... Read the full article

Reinsurers’ hopes for substantial rate increases could be dashed

10th November 2017

Reinsurers hopes for substantial price increases in the global reinsurance market in the aftermath of recent catastrophes could be dashed as the capital surplus waiting to enter the market could rebalance the scale against downwards pricing pressure. Research analysts who spoke on a panel at the 2017 Bermuda Reinsurance Conference contradicted ... Read the full article

Beazley adds David Roberts to Board as non-exec director

25th October 2017

London-based insurer and reinsurer, Beazley plc, has appointed David Roberts to its Board as a non-executive Director, and future non-executive Chairman of the Board. Roberts has been Chairman of Nationwide Building Society since July 2015, and will join the Beazley Board as a non-executive Director from November 1st, 2017. Furthermore, from March, ... Read the full article

Swiss Re integrates ESG benchmarks into investment decisions

7th July 2017

Swiss Re has become one of the first reinsurers to incorporate benchmarks to systematically integrate environmental, social and governance (ESG) criteria into the firm's investment decisions - a process which the firm said improves investment value by reducing downside risks for long-term investors. These benchmarks place a renewed emphasis on ESG ... Read the full article

Ogden rate & market innovation: UK Economic Secretary Steven Barclay

28th June 2017

The UK Economic Secretary Steven Barclay said yesterday in a speech at the Association of British Insurers conference, the government is consulting on how to set the Ogden rate for England and Wales, to ensure a "better and fairer system for claimants and defendants." Barclay said; "We are currently considering the ... Read the full article

Liberty Mutual completes specialty insurer Ironshore acquisition

2nd May 2017

Liberty Mutual Insurance - one of the largest property and casualty insurer's in the U.S. - has announced the completion of its acquisition of global specialty insurer Ironshore. Liberty purchased the firm from Fosun International for $2.935 billion after receiving regulatory approvals. The transaction took place under the guidance of Barclays Capital as financial ... Read the full article

Hiscox appoints new Chief Information Officer

19th April 2017

Insurance and reinsurance group Hiscox has appointed a new Chief Information Officer (CIO), naming Ian Penny, previously CTO of Barclays in the role. At Hiscox, Penny will be in charge of the Group's IT, with a team of 300 under his leadership and will report directly to CEO Bronek Masojada. Penny replaces ... Read the full article

Colin Kerley joins RMS as new senior vice president from AXIS

3rd April 2017

Leading risk modeling and analytics firm, RMS, has announced Colin Kerley as new senior vice president of the firm’s platform solutions. In his new role Kerley will oversee RMS market and product development teams to improve business and strategic imperatives, reporting to Michael Steel, head of RMS global solutions practice. Steel commented on Kerley's ... Read the full article

Doran to join James River Group as CFO, leaving Allied World

20th December 2016

Sarah Doran is joining Bermuda based insurance and reinsurance holding company James River Group Holdings, Ltd. as Chief Financial Officer in the New Year, leaving her current role at Allied World Assurance Company Holdings, AG. Doran has been with Allied World, the re/insurer that is set to merge with Prem ... Read the full article