Here’s your daily Reinsurance News for Monday 15th August 2016:
Sequant Re to get new cash injection from Premier Diversified Holdings
Bermudian start-up Sequant Re is reportedly set to take another cash injection from its largest backer Premier Diversified Holdings Inc., which intends to acquire a further $300,000 worth of the common shares of Sequant Re.
New business relationship between Bermuda & Britain important after Brexit
President and Executive Director of the Association of Bermuda Insurers and Reinsurers, Bradley Kading, has underlined the importance of Bermuda developing a new business relationship with Britain following Brexit.
Securis Investment Partners hires Raphael Rayees from Aon Securities
Reinsurance investment manager Securis Investment Partners, has announced the appointment of Raphael Rayees, previously at Aon Securities in London, to assist with managing its catastrophe bond portfolio.
Hamilton Insurance appoints Russell P. Fradin to Board of Directors
Hamilton Insurance Group has announced that Russell P. Fradin has been appointed to the firm’s Board of Directors. “I am pleased to welcome Russ to Hamilton’s Board,” said Chairman and CEO, Brian Duperreault.
CATCo fund reports 4.86% H1 2016 return, up despite catastrophes
The CATCo Reinsurance Opportunities Fund Ltd. reported a return of 4.86% in the first-half of 2016, an increase on the same period last year despite higher catastrophe losses.
Indonesia to create holding companies for range of state firms
According to reports from the region Indonesia has been given approval to create holding companies to manage state companies in the food sector, oil, financial services, housing and infrastructure sectors.
Room for more re/insurers in India as penetration remains low
With insurance penetration rates remaining so low in the region, there is a view that across India there is a need for more insurers and reinsurers to improve penetration rates, especially in the non-life sector.
Old Mutual Emerging Markets appoints Omem regional CEO
Old Mutual Emerging Markets has announced the appointment of Jonas Mushosho as regional CEO for Southern and East Africa, after the departure of Tavaziva Madzinga.
Insurers in New Zealand should assess property damage
Tim Grafton, CEO of the Insurance Council of New Zealand, has said that insurers in the region should assess the potential damage to properties that are the most vulnerable to natural disasters in an effort to speed up recovery in the future.
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