News – Page 310
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Swiss Re in £1.4bn UK longevity deal
Reinsurer takes the liabilities of 17,000 UK pension fund members onto its balance sheet
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US is overdue hurricane strikes warns TSR
Forecaster predicts a 48% probability of above-normal US hurricane activity
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Fitch takes rating actions on Japan insurers
Follows the downgrade of Japan’s sovereign rating to ‘A+’ from ‘AA-‘
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Brazil non-life premiums up 16% - AM Best
Country’s $2.7bn reinsurance sector continues to expand
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Validus Re names new CEO to replace departing Conan Ward
Chief underwriting officer Kean Driscoll promoted to top job
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2012 hurricane season starts early
Alberto forms off South Carolina as Aletta makes way for Bud in the East Pacific
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AM Best upgrades RenRe's DaVinci Re sidecar
Rating agency affirms RenRe citing ‘state-of-the-art property catastrophe modelling’
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GCC insurance growth to outpace GDP - QFCA
Low insurance penetration considered a key driver, says survey
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Axis names new CFO as Benchimol takes helm
Joseph Henry joins from XL Insurance where he has been CFO since 2006
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News
M6 quake strikes Italy’s Emilia Romagna
Strongest earthquake to hit Italy since L’Aquila in 2009 kills at least seven
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Malaysia's BEST RE gets negative outlook from AM Best
Parent company fails to make cash injection as capital levels deteriorate
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AM Best opens DIFC office
Vasilis Katsipis to head new MENA, South & Central Asia operation
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Fitch warns Lloyd's to heed emerging market risks
Last year’s Asia-Pacific cats highlight the risks of writing in less well-understood markets
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SCOR buys €75m of contingent capital cover
Cost-effective alternative to retro intended as ‘last resort’ nat cat protection
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JLT launches intangible and cyber risk service
Broker aims to plug gaps in insureds’ existing programmes
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Fitch keeps Platinum on negative
Negative outlook reflects volatility of recent underwriting performance
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Swiss Re names head of Latin America Reinsurance South
Margo Black joins from Willis and will be based in Brazil
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Guernsey maintains captive lead in Europe
Decision not to apply for third-country equivalence has had a positive impact, says Aon
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Guy Carp confirms record cat bond quarter
Issuance topped $1.3bn in Q1 2012 with a diverse range of perils, structures and investors