Reinsurance News

XL Catlin Appoints Plessis as Head of Emerging Markets

XL Catlin announced the appointment of Brendan Plessis to the newly created role of head of emerging markets. In this new position, Plessis will lead the development of emerging market strategies, partnering with business leaders across XL Catlin to explore …

ILS Products Are Changing Reinsurance Industry Norms: ‘Acts of God’ Author

Second of two articles In the first article in this series, Paula Jarzabkowski, professor of Strategic Management at Cass Business School, City University London, discussed the findings of her book on the reinsurance industry, which show that the market is …

Reinsurance Market’s Evolution Could Affect Its Stability: ‘Acts of God’ Author

First of Two Articles The reinsurance market is moving from coverage of acts of God to one that covers commoditized risks – an evolution that could have long-term implications for market stability and trading large-scale risk, according to an industry expert …

Hedge Funds Targeted in Senator Wyden’s Reinsurance Tax Bill

The owners of hedge fund-backed reinsurers, including one tied to John Paulson, could have to pay more taxes or shift their focus under a bill introduced by Senator Ron Wyden to counter what he called abuses by offshore companies. “For …

Dubai-Based Chedid Re Announces Registration as Lloyd’s Broker

Chedid Europe Reinsurance Brokerage Limited, headquartered in Dubai, UAE, has announced its registration as a Lloyd’s broker. Chedid Re, which is a subsidiary of the Lebanese group Chedid Capital Holding, said this business move comes as a natural extension of the …

Aon Benfield Analytics Releases Lloyd’s Update; 2014 Performance Examined

Aon Benfield Analytics’ Market Analysis team has released its latest Lloyd’s Update report, which assesses the market’s 2014 financial performance and latest developments. Key findings in the report include: The Lloyd’s market began 2015 with 92 active syndicates and slightly reduced underwriting …

Amlin Appoints Few as Global Managing Director of Reinsurance

London-based Amlin has appointed James Few as global managing director of reinsurance, effective from August 1, 2015, subject to regulatory approval. He will be supported by Christian Bieri, who continues to lead Amlin’s reinsurance business in the EMEA region, as …

World Cup Insurers Face Many Claims, Disputes Over Russia, Qatar

World Cup insurers are likely to refuse to pay out on many cancellation contracts if Russia and Qatar lose the rights to hold the tournaments because of fraud, industry experts said. Russia and Qatar could be stripped of their World …

Brokenshire Appointed Global Chief Operating Officer of JLT Re

JLT Re, the London-based provider of reinsurance broking and capital solutions, has appointed Craig Brokenshire as global chief operating officer. Brokenshire was previously COO of JLT Re’s Asia Pacific region, having joined JLT Re Australia as a director in 2011. …

Hiscox Appoints Worth as Interim CFO

Bermuda-based Hiscox announced that John Worth will join the company on June 22, and, subject to regulatory approval, will be appointed interim chief financial officer with effect from September 1, 2015. Worth’s appointment is designed to provide continuity in oversight …