News – Page 314
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Online onlyWillis Re names Asia CEO
James Beedle has been the broker’s Japan chief executive since 2010
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Online onlyPartnerRe A+ rating under threat
AM Best puts reinsurer on negative outlook after outsized losses
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Online onlyArgo Re expands Dubai team
Nasurudeen Jameel joins as senior casualty underwriter from Takaful Re
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Online onlyReinsurers need 'equal access' to markets – Swiss Re
Swiss Re chairman addresses regulatory and protectionist concerns at AGM
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Online onlyMexico rocked by string of quakes
High number of earthquakes worldwide on 11 and 12 April are coincidental – RMS
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Online onlyIndonesia quake of “great seismological interest”
Yesterday’s M8.6 earthquake was a very unusual strike-slip earthquake - EQECAT
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Online onlyTsunami warning lifted after quakes hit Indonesia
M8.6 and M8.2 quakes strike off the coast of Aceh
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Online onlyOmega subsidiary loses AM Best A- rating
Other ratings remain on negative review after new acquisition offers
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Online onlyGoldman and Arch complete Ariel purchases
Goldman buys Ariel Re and Arch buys Ariel’s Swiss credit and surety reinsurance operations; Atrium remains
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Online onlyAllied World Re names Barrett SVP
Joseph Barrett will oversee the crop, energy and specialty property treaty lines of business
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Online onlyMarch tornadoes cost insurers $1.2bn
Early start to US severe weather season sees losses climb to $1.8bn – Impact Forecasting
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NewsLancashire renews $350m credit facility
Letters of credit will support obligations under reinsurance liabilities
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Online onlySwiss Re places $240m Allianz cat bond
Blue Danube covers North Atlantic hurricane and North American earthquake risks
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Online onlyPrices continue to rise at 1 April – Guy Carpenter
Rates climb for all Japanese property catastrophe and per risk lines
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Online onlyValidus launches new Bermuda reinsurer
Teams up with hedge fund Paulson & Co to launch PαCRe
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Online onlyWillis Japan taps Aon for new retail chief
Yoshihide Enomoto replaces Takeshi Kai as broker opens new Osaka office
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Online onlyTornadoes rip through Dallas
Insurers are already facing $2bn in claims from the 2012 convective storm season
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Online onlyFlagstone sells Lloyd’s business to ANV
Sale will generate $48m in cash and free up $162m of capital
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Online onlyKiln enters equine market
Underwriter Georgina Smart joins Kiln after ten years at Catlin
