News – Page 249
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Markel International goes live on Eclipse Underwriting system
Move occurs as parent’s merger with Alterra moves closer to completion
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Bill to shrink Florida cat fund gains traction
Plan would reduce the FHCF from $17bn to $14bn over three years
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US insurers urged to reassess terrorism exposures
Rating pressure increases as the TRIPRA deadline approaches, warns AM Best
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Marketing
Download your April Executive Briefing now
Includes: VIDEO EXCLUSIVE - Markel’s Jeremy Brazil talking expansion and Alterra; Bahrain data report; analysis of why 2012 was the third costliest catastrophe year on record; and insight on global flood risk
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XL Group restructures Asia Pacific operations
Craig Langham will lead the team for Asia Pacific and Philip Chan will lead Greater China
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Dozens die in Argentina floods
La Plata’s oil refinery closes after the heaviest April rainfall in 100 years
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Asia Capital Re opens office in Dubai
Rainer Lehner will lead the DIFC office to underwrite fac and treaty business
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AIR to advise cat pools and government backstops
John Rollins will head up Public Risk Services
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2013 cat bond activity on the increase
Turkish quake cat bond Bosphorus 1 Re comes to market
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ILS pricing plummets up to 70% – Aon Benfield
Alternative capital flows and record reinsurance capital drive prices down as mid-year approaches
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US collateral rules on the agenda at EU-US meeting
Insurance regulators agree to five-year plan in Basel
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India’s regulator relaxes reinsurance buying rules
New rules allows Indian primary insurers to buy more cover from foreign reinsurers
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1 April renewals: Pricing 'more aggressive' - Willis Re
Influx of capital and increasing influence of ILS puts pressure on reinsurers
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Miller strengthens reinsurance team
Ian Wicks joins from JLT Re and Kevin Gill joins from Aon Benfield
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Swiss Re settles $1bn dispute with Berkshire
Buffett’s firm to pay $610m as Swiss Re “recaptures” certain treaties
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Analysis
Solvency II: Early implementation guidelines ‘burdensome’
Eiopa mandates parts of the new regime to come into force on 1 January 2014
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