News – Page 247
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$500m Tar Heel Re cat bond issued
First time North Carolina wind pools utilise annual aggregate structure
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Reinsurance growth defies tough conditions
Capacity increasing despite low yield and competition, says AM Best
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Investors double cat bond returns
Capital is flowing into ILS as prices decrease – Aon Benfield Securities
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RMS: Boston bomb BI losses could exceed property claims
Insured property losses unlikely to breach $1m, says risk modeller
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Trust Re reports solid 2012 results
Net underwriting profit rises 75% for Bahrain-based reinsurer
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PartnerRe restructures global non-life team
Salvatore Orlando is promoted to head of high growth markets
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The business interruption implications of Boston bombing
A large section of Boston’s Back Bay area remains off-limits after bomb blasts on Monday
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Boston Marathon bombs put Tripra in spotlight
Three dead and 140 injured after possible terrorist attack
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Rate hikes boost London market results – AM Best
Insurers opting to return capital to shareholders rather than deploy it, rating agency finds
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Willis: Capacity could withdraw from downstream energy
Insurers tested by two poor underwriting years, says broker report
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ACE launches Altair Re sidecar
Collateralised capacity will support ACE Tempest Re’s portfolio
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Chubb Europe promotes two in financial lines
UK and Ireland specialty head Julie Marcello given Europe-wide role
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China GDP growth slows in Q1
China expected to become world’s largest insurance market in the next decade
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Willis Re says changing reinsurance market conditions favour mutual insurers
‘Loyal’ mutuals are reinsurers’ preferred customers in a soft market
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PRMIA survey puts regulation at top of risk managers’ concerns
Survey also highlights that risk managers want a better way of integrating risk into the investment process
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Canopius US off negative review
Canopius’ US surplus lines insurer was formerly owned by Omega
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Generali USA picks RGA and SCOR as top bidders
The Italian insurer’s US life business is worth up to $1bn
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Analysis
Video Q&A: Jeremy Brazil, Markel
Markel’s President Jeremy Brazil tells GR about the company’s strategy, the Alterra deal, and which trends he will be following this year
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Louisiana Citizens brings Pelican Re to market
Deal is the latest from the US residual market to tap the capital markets