News – Page 256
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AM Best affirms Gen Re A++ rating
Superior rating reinforced by strong support from ultimate parent Berkshire Hathaway
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Hungary’s Danube braces for record high
Damage from Central European floods will be costlier than 2002
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Analysis
How to insure Latin America’s infrastructure boom
(Re)insurers see growing demand for specialist cover
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German flood claims expected to reach €3bn
Most claims are likely to be on homeowners’, contents and motor insurance policies, as well as BI insurance
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Why cheap reinsurance is putting property rates under pressure
Reductions of 15% to 20% seen at Florida personal lines renewals
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James Dowd joins TigerRisk to aid international expansion
Odyssey Re founder was most recently chairman, president and chief exec of Fairfax Asia
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Tokio and GC Securities launch new cat bond platform
Convergence offering lowers barriers to entry for cat bond sponsors
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AM Best puts Arden Re on negative review
Outlook reflects intended Enstar buyout of Arden (formerly Ariel Re)
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Download your June Executive Briefing
Includes: 1 June renewals analysis; 3D printing infographic; France data report; and an interview with the head of insurance at BNY Mellon
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Fitch downgrades Bermuda’s sovereign rating
‘Excessive reliance on mature industries’ is limiting Bermuda’s growth prospects, says rating agency
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Jeremy Pinchin named Hiscox Re chief executive
Hiscox Bermuda boss will head up Hiscox’s merged reinsurance operations
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McGavick elected Geneva Association chair
XL boss takes over from Munich Re chief executive Nikolaus von Bomhard
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PERILS releases Euro flood satellite images
Footprints for the floods will aid damage assessment
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XL Re creates emerging markets unit
New division headed by XL’s Latin Amercia reinsurance leader Philippe Rochaix
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Tropical storm Andrea makes landfall in north Florida
First named storm of the Atlantic season is set to move up the east coast
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Peter Rogan joins mediation firm JAMS International
Former Ince & Co partner joins as a mediator and arbitrator
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Analysis
How Hong Kong is preparing for its new super-regulator
Will the Independent Insurance Authority prove a burden?
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Willis appoints LatAm banking boss to its board
Francisco (Paco) Luzón is currently a director of LATAM Airlines Group
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Aon Benfield: May’s US storms to cost insurers $4bn
Moore tornado insured losses estimated at $2.5bn
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Enstar to buy Atrium and Arden Re
Atrium will be purchased for $183m and Arden Re $79.6m