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Changes in reinsurance market favour mutual insurers, says Willis Re
19 April 2013
London

Mutual insurers are in a prime position to capitalise on changes in the traditional reinsurance market according to Willis Re, the reinsurance broking arm of Willis Group Holdings...

Global insurance rate firming continues
18 April 2013
New York

Global insurance rates continued to firm on average in the first quarter of 2013, following a trend established over the past 18 months, according to figures from Marsh’s latest global insurance market quarterly briefing...

PartnerRe restructures, promotes and appoints
18 April 2013
Pembroke

Global reinsurer PartnerRe’s Global Property & Casualty Business unit is going to be split into two teams to meet the needs of the company’s clients in mature and high-growth markets...

ACE launches special purpose vehicle
17 April 2013
Zurich

ACE has established a $95 million special purpose vehicle, Altair Re, to provide additional collateralised capacity for its global reinsurance business...

BP captive receives stellar ratings
16 April 2013
London

A.M. Best has assigned the financial strength rating of “A- (Excellent)” and issuer credit rating of “a-” to Saturn Insurance. The outlook for both ratings is stable...

Volkswagen captive upgrades underwriting platform
16 April 2013
London

Volkswagen Insurance Company (VICO) is upgrading its existing underwriting platform, which is provided by Eurobase Insurance Solutions, to synergy2...

Court of Appeals rules in favour of RRGs
15 April 2013
Nevada

The US Court of Appeals for the Ninth Circuit has affirmed a district court ruling that under federal law Nevada cannot deny a risk retention group (RRG) the right to do business in the state...

Tennessee governor signs new PCC legislation
15 April 2013
Nashville

Tennessee governor William Haslam has signed new protected cell captive (PCC) insurance legislation, which was passed unanimously by both houses of the Tennessee General Assembly...

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