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Swiss reinsurer SI Re has appointed Patrick Shumacher as chief financial officer (CFO) and member of the executive team. He succeeds Beat Landtwing who has retired after ten years with SI Re. 1 October 2014
article
ACE has expanded its European surety business to Germany with the appointment of Charles Villette as surety underwriting manager. 30 September 2014
Alternative Risk Transfer
Rating agency AM Best has published new draft rating criteria for insurance-linked funds (ILF) and is seeking comments from market participants. 30 September 2014
article
Rating agency AM Best has placed Gulf Reinsurance under review with negative implications. The ratings will be reviewed again by the end of November 2014. 23 September 2014
Alternative Risk Transfer
Standard & Poor’s (S&P) has placed a cat bond with exposure to the area hit by Hurricane Odile on creditwatch with negative implications. 22 September 2014
Insurance
Adam Podlaha, head of Aon Benfield’s catastrophe model development centre, Impact Forecasting, tells Intelligent Insurer how the increased use of open models is paving the way for new perils, while bringing transparency and regulatory benefits to clients. 16 September 2014
News
While the world’s largest, global, cedants are retaining more risk on their own balance sheets and buying less reinsurance, the reverse dynamic is true when it comes to smaller, regional players, believes Andrew Marcell, chief executive of the US operations of Guy Carpenter. 15 September 2014
News
The apparent soft market conditions do not reflect the positive underwriting results of reinsurers, according to Stuart Shipperlee, partner, Litmus Analysis. 15 September 2014
Awards
Taking the top spot with 7.11, rating agency AM Best was closely followed by Standard and Poor’s with 6.90 and Moody’s with 6.33. 14 September 2014
Awards
The title for best reinsurer based on ability to pay claims with GWP of more than $2 billion was highly contested, with the world’s largest reinsurer, Munich Re, claiming the top spot with 7.38 out of 10. 14 September 2014
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