According to a report from Guy Carpenter the July first reinsurance renewals “took place against a backdrop of plentiful capacity,” as capital “has continued to strengthen through the second quarter of 2012, moderating pricing pressures.” Guy Carp noted that, “although …
S.A.C. Re, Ltd. announced that it has commenced operations with $500 million of contributed capital, raised in a private placement of the equity securities of its parent, S.A.C. Re Holdings, Ltd. S.A.C. Re Holdings’ founding investors include Steven A. Cohen …
Global broker BMS Group announced that it has “achieved another major strategic goal with the appointment of respected Australia-based facultative broker, Glenn Kerr.” Kerr will join the BMS’ wholesale team, led by Nick Cook, from Aon Benfield “upon completion of …
A prominent U.S. lawmaker has asked the small South Pacific island nation of Tuvalu to stop reflagging Iranian oil tankers and warned its government of the risks of running afoul of U.S. sanctions. The European Union banned Iranian oil imports …
Signs are growing that Europe’s economic and monetary union may be fragmenting faster than policymakers can repair it. Euro zone leaders agreed in principle on June 29 to establish a joint banking supervisor for the 17-nation single currency area, based …
Bermuda-based Endurance Specialty Holdings Ltd has promoted David Bigley to senior vice president and head of U.S. Property Catastrophe Reinsurance. Endurance also announced that Rene Lamer and Stefan Beine, both senior vice presidents in its Global Catastrophe Reinsurance team, have …
U.S. severe weather insurance losses were close to $2 billion in June, according to Aon Benfield’s Global Catastrophe Report. Published by Aon’s Impact Forecasting, the report analyzes the natural disaster events that occurred across the United States and worldwide during …
Seattle, WA, 07/10/12 – ValueAppeal, a pioneering online do-it-yourself property tax appeal service developed to help homeowners ensure that they are not overpaying their property taxes, today announced the launch of ValueAppeal PRO® (www.valueappealpro.com), a turn-key property tax appeal practice …
Texas won’t be working on the implementation of a health insurance exchange, one of the key provisions of the federal healthcare reform law that was recently upheld by the U.S. Supreme Court, any time soon. In a letter to U.S. …
Dallas-based ClearView Risk Holdings LLC announced that Bryan Wilburn, founder of ClearView’s principal subsidiary Southwest Risk LP, has stepped down as chief executive officer and will serve as a consultant to the company. He will continue to serve on the …
