News – Page 499
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World Insurance Forum to be held in Dubai
The decision marks the first time the WIF has held the biennial insurance and reinsurance industry event outside Bermuda
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US fires could cost $150m
RMS warns Angora fire costs could spiral up to $1bn in worst case scenario
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London terror plot “slipped through the net”
RMS says a thwarted car bomb attack “slipped through the intelligence net”
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Flagstone Re raises additional $100m
Flagstone Reinsurance has raised an additional $100m through twin issuance
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Ace signs up to climate challenge
Insurance group pledges reduction in greenhouse gas emissions
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Heritage appoints international general liability underwriter
Mark Aaron joins Heritage from ACE
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Arig buys Scottish Re’s Middle East business
Scottish Re Group has announced the sale of its Middle East Life portfolio to Arab Insurance Group
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UK flood costs top £500m
RMS says flooding worst for seven years in UK and insured losses could top £500m
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Paris Re details $240m IPO
Paris Re has announced the launch of its initial public offering and listing on Eurolist
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Swiss Re launches cat bond indices
Swiss Re Capital Markets launches new cat bond indices in conjunction with S&P
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ACE opens new life company in Europe
ACE has gained approval to establish a new London-based life insurance company, ACE Europe Life
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Guy Carp hires global chief economist
Guy Carpenter has appointed Joan Lamm-Tennant as global chief economist and risk strategist
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Arch opens shop in Denmark
Arch Reinsurance has opened its accident & health reinsurance operations in Copenhagen, Denmark
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RMS expands European coverage
Risk Management Solutions has expanded its coverage of earthquake modelling in Europe
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Guy Carpenter expands presence in Bermuda
Guy Carpenter has appointed a new head of office and expanded its office capabilities in Bermuda
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US reinsurance bill approved
The Nonadmitted and Reinsurance Reform Act of 2007 has been approved