News – Page 309
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Willis appoints new Latin American CEO
Antonio Tosti will head up Willis Latin America’s reinsurance business
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Swiss Re's insurance arm names Asia-Pac head
Ted Hodgkinson joins Swiss Re Corporate Solutions from Aon Asia
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S&P upgrades SCOR to A+
Rating agency cites French reinsurer’s ‘strong competitive position’
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Validus launches $70m Florida sidecar
AlphaCat Re 2012 is focused on Florida windstorm risk
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Plentiful capacity for Florida renewals – Guy Carp
Retrocession pricing continued to harden; sidecar capacity entered the market to plug any gaps
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RenRe deploys sidecar for Florida renewals
Timicuan Re III is funded with $55m of capital
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Rate rises muted at 1 June
Increases of just 3% to 5% disappoint as new capacity floods the market
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AM Best maintains FHCF concerns
Cat fund’s ability to bond post-event creates uncertainty
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Italy struck by second fatal quake
Total insured losses will be $375m to $875m predicts EQECAT
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Japan’s Toa Re off negative review – AM Best
Reflects “proactive measures” to restore capital after the Thai floods
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Novae Re loses senior executives
Chief executive Gunther Saacke and chief underwriting officer Willi Schuerch have resigned
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Beryl bears down on Florida coast
Storm surge and heavy rainfall anticipated from first US landfalling storm
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Former Gen Re and AIG execs in talks to settle
Defendants seek a resolution to long-running finite fraud case
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NOAA predicts “less active” hurricane season
Warns against complacency on the 20th anniversary of Hurricane Andrew
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Met Office predicts quieter hurricane season
UK forecaster anticipates seven to 13 tropical storms
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Hurricane Bud strengthens to cat 2
First hurricane of the Pacific season approaches the west coast of Mexico
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Willis Norway names Fagerli CEO
New chief will report to Willis Europe head Adam Garrard
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Goldberg Segalla boosts London team
Eleni Iacovides and Tanguy Le Gouëllec de Schwarz join the new office