Swiss Re announced that it will become an admitted reinsurer in Brazil with a representative office in São Paulo. The world’s largest reinsurer joins Lloyd’s and Munich Re in accessing the Brazilian market following regulatory changes that did away with …
Lloyd’s plans to expand in Brazil and is in the process of making a formal application to be an admitted reinsurer in the country. Its first representative office will be in Rio de Janeiro. Lloyd’s Chairman, Lord Levene, noted the …
Former Ace Ltd. CEO and Chairman Brian Duperreault has stepped down from the Bermuda-based insurer to assume to role of president and CEO of Marsh & McLennan Companies Inc. Duperreault replaces Michael Cherkasky, who had been president and CEO since …
Former Ace Ltd. CEO and Chairman Brian Duperreault has stepped down from the Bermuda-based insurer to assume to role of president and CEO of Marsh & McLennan Companies Inc. Duperreault replaces Michael Cherkasky, who had been president and CEO since …
Munich Re announced that, following the opening of the Brazilian reinsurance market (See IJ web site – https://www.insurancejournal.com/news/international/2007/12/27/85928.htm), it plans to establish a subsidiary in São Paulo. The reinsurer noted that choosing this site “is the solution that secures the …
Atlanta, Ga.-based Beecher Carlson, a commercial insurance brokerage firm, appointed Steve Denton as president. Denton has served as the chief operating officer since July 2006. In his expanded role, Denton will plan and direct the execution of Beecher Carlson’s client …
XL Capital Ltd. announced that Clive R. Tobin will retire effective April 1, 2008 from his role as Chief Executive of the Company’s Insurance Operations. He will continue to assist XL with strategic opportunities in emerging markets. David B. Duclos, …
Fitch Ratings said it has “reviewed the main changes introduced by Resolutions 168, 169, 170, 171 and 172 of Brazil’s National Private Insurance Board, published in December 2007.” See also IJ web site: https://www.insurancejournal.com/news/international/2007/12/27/85928.htm Initially Fitch determined that the changes …
Brazil’s premier modern art museum had no insurance on paintings by Pablo Picasso and Candido Portinari stolen in a brazen burglary, the museum’s spokesman said on Saturday. Three thieves, armed with nothing more than a crow bar and a car …
Brazil has become the latest jurisdiction to relax collateral requirements as countries begin to see the benefit of well-capitalized investment from foreign reinsurers, notes a bulletin on the Lloyd’s web site (www.lloyds.com) “The Conselho Nacional de Seguros Privados (CNSP) – …
