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Insurance
RenaissanceRe’s senior vice president, chief investment officer and treasurer, Todd Fonner is stepping down as of end of March 2017; the company is now assigning his responsibilities to two of its senior executives. 14 December 2016
Insurance
Guy Carpenter has promoted James Nash to a newly-created role of president of its international division. He will relocate to London and report to the president and chief executive officer Peter Hearn. 13 December 2016
Insurance
Bermuda-based Aspen Re, the reinsurance unit of Aspen Insurance Holdings, has renewed its specialist collateralized reinsurance sidecar Silverton Re for 2017 raising $5 million more than it raised for 2016. 13 December 2016
Insurance
Aviation renewals in November has shown a tightening of underwriting discipline, suggesting a change in soft market conditions. 12 December 2016
Insurance
Bermuda-based Athene Holding, the holding company for a number of a number of life annuity insurers and reinsurers, has raised $1.1 billion from an initial public offering (IPO) that values the company at approximately $7.5 billion. 9 December 2016
News
Women in Reinsurance (WiRE), a sub-committee of The Singapore Reinsurers’ Association (SRA) formed in September, organised a year-end networking event for businesswomen in the insurance industry. 9 December 2016
Insurance
Chris Klein, the head of strategy management for Europe, the Middle East and Africa at Guy Carpenter, will step down at the end of the year – and pursue his passion for model railways. 8 December 2016
Insurance
The Credit Guarantee and Investment Facility (CGIF), an organisation that provides credit guarantees for local currency denominated bonds issued by companies from a range of countries in mainly South East Asia, has completed its first reinsurance deal in a move that will free up capacity to issue more guarantees. 7 December 2016
Insurance
Persistently low interest rates, rising volatility in the financial markets and legislative changes have moved the outlook on the global life insurance sector to negative from stable for 2017, says Moody's Investors Service in a report. 5 December 2016
Insurance
The British Insurance Brokers’ Association (BIBA) has launched of a new commercial insurance scheme for businesses that will also include flood cover for many commercial premises and let properties located in areas at risk from flooding. 5 December 2016
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