News – Page 362
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Swiss Re in 100% retro deal with Buffett
Swiss Re transfers block of life risk to Berkshire Hathaway
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RenaissanceRe makes management changes
Currie promotes Kevin O’Donnell to leadership of combined global underwriting
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ACE granted Saudi Arabia licence
International insurer can now operate as a locally-domiciled company
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FAF International close to signing deals in Turkey
Reinsuring the growing Turkish mortgage market is a matter of local knowledge
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Haiti to receive $8m from Caribbean cat fund
CCRIF is also providing technical assistance in disaster relief operation
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At least 12 new London Market MGAs in 2010
Technology provider Total Objects says business model is becoming more popular
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Haiti to benefit from Caribbean cat pool
Caribbean Catastrophe Risk Insurance Facility to make estimate of parametric payout
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Ironshore Bermuda enters energy property
Company has grown its line size and appointed former XL underwriter
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S&P foresees shockwaves for French insurers
Downgrades possible in 2010, despite sound resistance in 2009
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XL in move to Ireland
Company to change name to XL Group and redomicile from Cayman Islands
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Torus enters US healthcare market
Bob Allen recruited from Allied World to lead new unit
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IUA predicts key challenges for London Market
Modernisation and Solvency II ‘are closely linked’ report says
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New reinsurer launches in Qatar
SEIB Insurance and Reinsurance is a joint venture between a leading royal and Chedid Capital
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Harbor Point retro vehicle recapitalised
New Point Re III offers $100m limit. Aon Benfield placement agent.
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New York Insurance Exchange to be set up
Subscription market in fashion. NY Governor backs plans, says report
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Goss Re launched as specialty broker
Texas-based company created by US Risk Insurance Group to take advantage of market consolidation
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RGA completes buyout of ING reinsurance units
$100m deal includes US and Canadian reinsurance for group life, accident and health
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Aspen announces $200m share buyback
Deal amounts to 9.3% of the company’s capitalisation