Monthly Archives: <span>February 2015</span>

Greenlight Re Reports Q4 Net Income of $60.7 Million; $109.6 Million for Year

Greenlight Capital Re Ltd., which is based in the Cayman Islands, reported net income of $60.7 million for the fourth quarter of 2014, compared to net income of $83.9 million for the same period in 2013. Net income for the …

Breckenridge Insurance Group Hires Industry Veteran Jino Masone as Chief Operating Officer to Lead Next Phase of Organizational Growth

Kennesaw, GA, February 19, 2015 — Accomplished commercial insurance executive Jino Masone has joined Breckenridge Insurance Group as its new chief operating officer. Masone will oversee the sales, marketing, technology and enterprise solutions practices of this leading national specialty insurance …

Navigators Launches Lloyd’s-Based International Casualty Unit

The Navigators Group, Inc. announced that Navigators Underwriting Agency Ltd., its wholly owned Lloyd’s managing agency subsidiary, has created an International Casualty unit, which will “offer a range of liability solutions across three main product lines: General Liability, Environmental Impairment …

Report Challenges Eliminating Deductibility of Foreign Reinsurance Premiums

A report from the Tax Foundation challenges recent tax proposals including the White House’s 2015 budget that call for provisions to limit deductions of “legitimate business costs for tax purposes.” The report says that provisions that would eliminate the deduction …

PERILS Puts Initial Loss Estimate for Windstorm Elon-Felix at $374 Million

PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, announced that its initial loss estimate of the insured property market loss for windstorm Elon-Felix, which affected Western and Northern Europe from 8 to 11 January 2015, is €328 …

What Will States Do If Court Kills Health Insurance Subsidies?

Five Republican state governors say they will not rescue a crucial part of Obamacare if it is struck down by the Supreme Court, underlining the prospect for a chaotic aftermath to a ruling that could force millions of Americans to …

ACE Launches Luxury Goods Practice for Continental Europe

ACE Group announced the launch of a new luxury goods practice across Continental Europe. The launch of the practice follows research by ACE where almost six in ten European luxury goods companies taking part reported that globalization has increased the …

Guy Carpenter Appoints Eagle as Head of International Analytics

Guy Carpenter has appointed Matthew Eagle as managing director and head of international analytics. Eagle will be joining Guy Carpenter’s London office on August 1, following the end of his notice period. In his role as head of international analytics …

Swiss Re Plans $1.1 Billion Share Buyback; Q4 Net Income Hit

Swiss Re AG, swimming in excess capital after several years of lower-than-expected disaster claims, plans to shift to share buybacks to return cash to investors after three years of paying a special dividend. The world’s second-biggest reinsurer announced plans on …

All Risks Adds White as Casualty/PL Broker in Atlanta Office

All Risks, Ltd. has announced that Jeffrey White has joined the Atlanta office as a casualty and professional lines broker. White has prior experience in the wholesale and retail insurance sectors as a producer and branch manager. White will focus …