News – Page 485
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Reinsurance CEOs see rising M&A activity
S&P conference highlights pros and cons of reinsurance M&A activity
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Allianz space underwriter joins the DIFC
Allianz space underwriter, elseco limited, is setting up shop in the Dubai International Financial Centre
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Zurich upgraded to "AA-"
S&P upgrades Zurich Financial Services to "AA-" from "A+" with a stable outlook
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Two new chief underwriters for Catlin US
Nick Greggains and Andrew Englesbe have been appointed as chief underwriting officers for Catlin US
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Online onlyFewer storms predicted for 2007 season
UK Met Office forecasts a below-average storm season
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Founding director retires from Flagstone
Nicholas Brumm, one of Flagstone Re's founding directors, is retiring from the board
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AM Best downgrades Mapfre Re’s new US unit
AM Best has downgraded the financial strength rating (FSR) to A- (Excellent) from A (Excellent) of Mapfre Insurance Company
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PCI backs TRIA extension plans; opposes NBCR inclusion
PCI raises concerns over mandatory "make available" NBCR provision in TRIA extension plans
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New reinsurance head for Zurich
Michael Kerner steps down as head of reinsurance at Zurich and is replaced by Mark Talbot
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Odyssey Re announces $200m share buyback
Odyssey Re becomes the latest reinsurer to pursue a share buyback
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ACE launches life offering in UAE
ACE has opened a new office in the United Arab Emirates to conduct life insurance business
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Florida takes backward step on insurance scores
PCIAA accuse Florida Office of Insurance Regulation of going "well beyond the requirement of the law"
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Whittington strengthens senior management team
Julian Tigh and Helen Westcott join the Whittington team
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Spate of senior hires at ACE Tempest Re
David Drury has been appointed chairman and chief executive officer of ACE Tempest Re Bermuda
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Online onlyEQECAT details Guatemalan earthquake
A large (magnitude 6.8) earthquake occurred offshore of Guatemala on 13 June, advises EQECAT.
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EMB expands non-life team
Duncan Anderson, until recently global non-life leader at Watson Wyatt, has joined EMB as a partner
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S&P affirms QBE Mexico
Standard & Poor's has affirmed its “BBB-“ long-term financial strength and counterparty credit ratings on QBE del Istmo México
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FERMA elects new president and board
Marie-Gemma Dequae has been re-elected president of the Federation of European Risk Management Associations
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Aspen Re opens shop in Zurich
Aspen Re is increasing its footprint in Europe with a new office in Switzerland
