News – Page 321
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Axis Re names new chief executive
John “Jay” Nichols is former president of RenaissanceRe Ventures
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White Mountains gets results boost from units’ sale
Sirius breaks even despite cat losses in 2011
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AM Best upgrades Validus Re rating
Bermudian insurer has received A rating after strong results in 2011
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EQECAT disputes Tokyo quake prediction
Risk modeller finds “significant uncertainty” in research institute’s estimates
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Validus expects Costa Concordia loss of up to $65m
Estimate based on industry-wide loss of $845m-$950m
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Willis: ILW growth to jump 25% in 2012
Trades hit highs of between $2.75bn and $3.25bn during the crucial 1 January ILW trading season
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Bredahl and Malloy join Berger at Third Point Re
Aon Benfield pair take senior positions at new Bermuda-based venture
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Munich Re cruise ship loss in tens of millions
Loss could include hull, passenger liability and environmental liability
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Liès replaces Lippe as Swiss Re chief executive
Reinsurer also announces new Asia chief in reshuffle
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Arch expects Thai flood losses of up to $65m
Estimate based on industry wide loss of $10bn-$20bn
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