News – Page 363
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Chedid buys new reinsurance software
CATEX's Pivot Point 2.0 reinsurance software licensed to brokers
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Mapfre buys 50% of Portuguese insurer
Deal will allow for promotion of Mapfre’s Non-Life insurance products
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Ironshore appoints director of global claims
Michael Mitrovic will continue in his role as president of Ironpro Claims
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Iron-Starr enters the financial lines market
New unit will be led by former AIG executives
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Online onlySwiss Re places $150m cat bond
Redwood Capital XI gives protection for California earthquake risk
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74 UAE insurance brokers banned
Insurers and reinsurers warned to check their exposure to affected brokers
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Dubai insurer downgraded
Arab Orient goes to A- due to “higher economic and industry risk In Dubai”
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Lockton Re grows in NYC and Kansas
Three executives taken from Swiss Re, JLT Re and Paris Re
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Armour Re buys PMA run-off operations
Bermuda-based reinsurer also appoints former PRO executive
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Natural disasters force underwriting changes in Saudi Arabia
Tawuniya expects Jeddah flood claims to reach $8m
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$1bn Taikang Life stake sale "on hold"
Sale of AXA's 16% stake in China's fourth largest life insurer delayed on regulatory concerns, say reports
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€75m Atlas VI cat bond closed
SCOR issues bond at Euribor plus 950bp after strong investor interest
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Online onlyQ-Re wins Qatar licence
Qatar Financial Centre's first pure reinsurer in business in time for Jan 1 renewals
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Online onlyTorus and Sideris Re merge
First Reserve amalgamates insurance operations under Clive Tobin
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$250m cat bond from Travelers in market
The 3 year US wind cat bond is Longpoint Re II. More bonds in the pipeline.
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Furgueson promoted at ACE
Michael Furgueson becomes President, Multinational Client Group
