London-based Liberty Specialty Markets (LSM), which is part of Liberty Mutual Insurance Group, has joined the Lloyd’s China platform. LSM’s Underwriting Division of Lloyd’s Insurance Company (China) Ltd. (LICCL) has appointed Eve Li as its first representative in Beijing, China. …
Alice Vaidyan has been appointed as chair and managing director of General Insurance Corp. of India (GIC Re), the national reinsurer. She is the first woman to be appointed as chair in the history of Indian insurance industry. Vaidyan previously …
Global insurance firms are circling Iran for business opportunities following the lifting of sanctions – and the first test of their appetite could come in March when some Iranian companies seek new cover. Insurers, the reinsurers that share their risk …
XL Catlin announced it has begun the licensing process to establish a reinsurance branch in India. The decision to pursue market entry into India aligns with XL Catlin’s strategy of establishing a presence in emerging and developing markets where economic …
Bermuda-based Everest Re Group Ltd. announced that Mark de Saram, managing director and chief executive officer of Everest Reinsurance (Bermuda) Ltd., has notified the company of his decision to retire effective April 6, 2016. Sanjoy Mukherjee will succeed de Saram …
Billionaire John Paulson’s New York hedge fund firm has shut an operation in Bermuda that had been targeted by a Democratic lawmaker as a tax shelter. Paulson’s venture, a reinsurer named PaCRe Ltd., has stopped writing new coverage, and its …
Third Point Reinsurance Ltd., which counts on hedge fund manager Dan Loeb to oversee its portfolio, fell below the price of its 2013 initial public offering after investments faltered. The reinsurer tumbled 2.3 percent to $12.49 at 4:04 p.m. in …
Amlin plc, the specialist international insurer, has appointed Lucas Castagnino as lead underwriter, as momentum behind the build out of its Latin America underwriting activities gathers pace. With experience in the Latin American reinsurance market, Castagnino joins from SCOR’s Latin …
Insurers paid out around $27 billion for natural disaster claims last year with weather causing 94 percent of incidents, underscoring the challenge posed by climate change, data from reinsurer Munich Re showed on Monday. While the climate phenomenon known as …
UBS O’Connor LLC, the $6 billion hedge-fund unit within Switzerland’s biggest bank, will manage money for a new Bermuda-based reinsurance company formed by insurer Enstar Group Ltd. Aligned Re Ltd. is expected to be funded by third-party capital along with …
