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Alternative Risk Transfer
Elliott Management Corporation, a hedge fund manager based in London, will acquire a controlling interest in Aeolus Capital Management (ACM), a Bermuda-based manager of insurance-linked securities (ILS), and its affiliates. 2 November 2016
Insurance
Specialist reinsurance broker Capsicum Re has expanded its Brazil operations with the appointment of Marcio Ribeiro as head of the facultative division based in Sao Paulo, and Júlia Nunes as head of operations, based in Rio de Janerio. 2 November 2016
Alternative Risk Transfer
Blue Capital, a Bermuda-based holding company which offers collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities posted net income of $3.3 million for the third quarter of 2016, compared to $4.4 million for the same period in 2015. 1 November 2016
Insurance
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, has appointed Nick Frankland to CEO of its UK business. 31 October 2016
Insurance
Blenheim Syndicate 5886, managed by Asta, has made a series of appointments in its property treaty and direct and facultative (D&F) property teams. 31 October 2016
Insurance
In what must be the most striking rebranding in the history of risk transfer, the broker formerly known as Cooper Gay has rebranded itself as ‘Ed’. Steve Hearn, chief executive of Ed, explains to Intelligent Insurer the logic of the move and why it is launching on Bermuda. 27 October 2016
Insurance
The UK’s vote to leave the EU has potentially accelerated JLT Re’s plans for Europe, according to Keith Harrison, chief executive officer of JLT Re UK and Europe, who spoke to PCI Today. 26 October 2016
Insurance
The frequency of smaller losses can be far more problematic for some reinsurers than more infrequent bigger losses, especially if they have a diversified portfolio in Europe, Johannes Martin Hartmann, chairman of the management board at VIG Re, told Baden-Baden Today. 25 October 2016
Insurance
New UK regulation that would facilitate the issuance of insurance-linked securities (ILS) from vehicles based in the London Market will be critical to help London protect its status as a global hub for risk transfer, Inga Beale, chief executive of Lloyd’s, told Baden-Baden Today. 25 October 2016
Insurance
Improvements in the availability of event loss data for Australia could encourage the use of alternative forms of risk transfer including insurance-linked securities (ILS) by insurers in the country Eduard Held, head of products at PERILS, told Baden-Baden Today. 25 October 2016
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