Reinsurance
Endurance CEO Charman Miffed at Aspen’s M&A Rebuffs
During an Endurance Specialty Holdings Ltd. investor call on June 2, one thing became perfectly clear. John Charman, the company's chairman and CEO, is miffed at the board and executive leadership of ...Munich Re’s Auto Carve-Out
Rob Barnett, SVP and Casualty Underwriting Manager for Munich Re America's casualty lines national accounts division, believes that innovation is the key to success for reinsurers in the current ...
Endurance Ups Its Bid For An Unimpressed Aspen
Endurance Specialty Holdings Ltd. promised it wouldn't give up on a merger with Aspen Insurance Holdings Ltd., and so it is trying again with a higher bid. The Bermuda specialty insurance and ...
Florida’s Hurricane Cat Bonds Enjoy Robust Boom
In 2008, Florida's government-run property insurer paid Warren Buffett $224 million to agree to buy its debt if a major storm struck. Six hurricane-free years later, the state is turning investors ...
Allied World Gains Australian Beachhead
Switzerland's Allied World Assurance Company Holdings, AG is continuing its expansion in the Asia Pacific region with the launch of a new office in Australia. Allied World said in a press release ...
Standard & Poor’s Sees a Stable Global Market, Save For Reinsurance
As of mid-2014, worldwide pricing is softening in the reinsurance sector. At the same time, however, conditions have stabilized and even improved for most global insurers, Standard & Poors ...
Simpson Exits JLT Towers Re for Guy Carp, Bringing Rating Agency Expertise
Two days after JLT Towers Re announced that David Flandro was joining the firm from a prior position at Guy Carpenter, Guy Carpenter announced that it snagged two executives from JLT Tower Re—Eric ...
Primary Rates Pressured as Competitors Price In Lower Re Costs, Zurich’s Kerner Says
A slide in reinsurance rates under competition from catastrophe bonds is starting to weigh on prices that companies like Zurich Insurance Group AG charge their own customers. The decline in the cost ...