ACE Limited has established a $95 million special purpose vehicle, Altair Re, to provide additional collateralized capacity for its global reinsurance business. The capital will be used to support ACE Tempest Re’s global property catastrophe reinsurance portfolio. Altair Re gives …
Allied World Assurance Co. Ltd said it will commence writing reinsurance business in Malaysia from its Labuan branch. The official operating license was granted in July 2011 and will allow Allied World to write all classes of treaty reinsurance and …
A new special report, compiled by A.M. Best, concludes that the string of major catastrophes, a persistent soft market and the near exhaustion of excess reserves have placed global reinsurers at a “critical” point. The rating firm said that the …
