Here’s your daily Reinsurance News for Tuesday 20th December 2016:
The CEO of hedge fund reinsurer Greenlight Re, Bart Hedges, is to step down from his position as of March 31st 2017, and also from his Board position at the firm.
Reinsurance brokerage JLT Re has announced the acquisition of StoneHill Reinsurance Partners, LLC (StoneHill), an intermediary that specialises in Medical Professional Liability business.
After being faced with a series of market challenges, the insurance and reinsurance industry now has greater financial strength, according to international ratings agency A.M. Best.
Analysts at Keefe, Bruyette & Woods (KBW) have said that the recently announced merger of Fairfax and Allied World suggests that more consolidation is on the cards.
Global reinsurance giant Munich Re has sponsored and listed $101.4 million of Series 2017-1 Class A notes under its Eden Re II Ltd. sidecar vehicle.
Liberty Mutual Insurance Group subsidiary, Liberty Specialty Markets, has announced that it has been voted in as the newest member of the Berne Union, a global organisation for the export credit and investment insurance industry.
Insurance and reinsurance brokerage JLT has opened a new office in New York for its reinsurance, specialty and insurance capital markets units.
During a reinsurance conference held in Bermuda recently the CEO of Cedant, Michael Coles, said that ‘real-time underwriting’ could be on its way as technology continues to disrupt the sector.
James River Group Holdings, Ltd. has announced the appointment of its new CFO, Sarah C. Doran, effective January 16th, 2017.
A new survey conducted and published by Insurance Europe highlights the increased investment into infrastructure among the insurance industry, but also notes a need to grow the supply of suitable assets.
A recent report claims that natural disasters throughout 2016 have caused more than $63 million worth of damage in the Vietnamese city Ca Mau.
A thoughtfully curated annual insurance-linked securities event in New York City from Artemis. Featuring ILS & reinsurance industry leaders speaking on forward-thinking, engaging topics.
Acappella Group Holdings Ltd has announced the appointment of Liz Hanlon and Paul Russell to its MGA platform, tasked with launching an MGA unit that focuses on financial lines book of business.
In a move that is set to enhance its U.S. affinity operations, Arthur J. Gallagher has acquired National Ethics Bureau, Inc., although terms of the deal are yet to be disclosed.
Andrew Tyrie, a member of the UK conservative party, has said that Britain’s intelligence agencies must do more to help and protect the financial services industry from cyber threats.
New Zealand domiciled earthquake insurance company, Southern Response, has had a lawsuit against it approved after roughly 40 policy holders look to sue the firm for alleged policy misrepresentations.
According to reports from A Sakthivel, Chairman of the Federation of Indian Exports Organizations, the city of Chennai lost over $44 million due to the impacts of cyclone Vardah.
Reinsurance giant Swiss Re has had its financial strength affirmed by global financial services ratings agency A.M. Best. The reinsurer has an A+(Superior) financial strength rating from the company.
According to CFC Underwriting insurance claims for data breaches are occurring at a rate of more than one a day, with the majority of claims being privacy breaches or the theft of cash.
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