Strategic Risk Solutions (SRS), the Concord, Mass.-based independent insurance company manager, announced the launch of its latest alternative risk transfer (ART) venture: a managing general underwriter called “Altitude.” In a strategic move aimed at expanding its client services portfolio, SRS …
This edition of International People Moves details appointments at Swiss Re Corporate Solutions, Chubb and Marsh. A summary of these new hires follows here. Swiss Re Corporate Solutions Promotes 2 in Engineering & Construction Team Swiss Re Corporate Solutions announced …
Allianz Global Corporate & Specialty SE (AGCS) has appointed Christof Bentele to the newly created position of head of Global Client Management for Alternative Risk Transfer. His previous role as head of Global Crisis Management has been split into two …
In line with the growing importance of non-traditional insurance solutions for global businesses, Allianz Global Corporate & Specialty (AGCS) announced it is reshaping its Alternative Risk Transfer (ART) business into two new specialist teams. With effect from Nov. 1, 2018, …
Bermuda-based Artex announced the creation of Artex Risk Solutions (Singapore) Pte Ltd., its first office in the region, which will oversee the growth and development of Artex’s Asia Pacific captive and risk solutions strategy. Vic Pannuzzo has been hired as …
Despite the rising profile of cyber risks, buyers have failed to widely embrace cyber coverage. At the same time, insurers generally have remained cautious about writing the coverage on a large scale basis. A recent report published by accounting and …
Capacity continues to outpace the growth of reinsurance demand despite insurers’ continued efforts to optimize their view of reinsurance as capital and expand into growing lines of business and innovation, according to a report published by Aon Benfield. The report …
Mitsui & Co., Japan’s second-biggest trading house, agreed to purchase a 15 percent stake in New Ocean Capital, the asset manager that was founded by XL Group Ltd. and Stone Point Capital to make insurance-related bets. Mitsui also committed $100 …
XL Catlin’s insurance operations has launched a new team to focus on alternative risk transfer and non-traditional insurance globally. The team, named Structured Risk Solutions (SRS), is a dedicated global underwriting unit charged with providing XL Catlin’s clients with customized …
Plenum Investments Ltd. has launched an insurance linked securities (ILS) fund, which will invest in collateralized reinsurance transactions, to be sourced and underwritten by Bermuda’s boutique reinsurer Sequant Re. The new fund will complement Plenum’s current ILS offering and bring …
