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Scottish Re Q1 net income declines
Scottish Re Group has reported a net income of $17.13m for the first quarter of 2012, compared to $22.38m for the same period in 2011.
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Validus adds new member to its board of directors
Bermuda-based reinsurance specialist Validus Holdings has appointed Mahmoud Abdallah to its board of directors with immediate effect, expanding the board to ten members.
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XL introduces new risk transfer product for UK companies
XL, a global insurance and reinsurance company has introduced a new risk transfer product, called XL Commercial Advance for the UK companies.
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Munich Re enhances its EDGE life underwriting manual
Munich American Reassurance Company (MARC), a subsidiary of Munich Re has announced a significant enhancement to EDGE, its web-based life underwriting manual for assessing mortality risks.
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Reinsurance Group of America Q1 net income drops
Reinsurance Group of America (RGA) has reported a net income of $123.32m, or $1.67 diluted earnings per share, for the first quarter of 2012, compared to $148.92m, or $2.02 diluted earnings per share, for the same period in 2011.
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RGA appoints new chief operating officer
Reinsurance Group of America (RGA), a global provider of life reinsurance, has appointed Donna Kinnaird as its new chief operating officer with effect from 02 April 2012.
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Brown & Brown Q1 net income up 6.3%
Brown & Brown has reported a net income of $49.43m, or $0.34 diluted earnings per share, for the first quarter of 2012,an increase of 6.3%, compared to $46.29m, or $0.32 diluted earnings per share, for the same period in 2011.
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Canopius unveils new executive committee
Canopius has unveiled its new group executive committee, with immediate effect, following the formation of two new business units.
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Arch Capital acquires Ariel Re’s credit, surety reinsurance operations
Arch Capital Group has completed the acquisition of Ariel Re’s Zurich based Credit & Surety reinsurance operations.
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Ariel Re sells its Bermuda operations to Goldman Sachs
Ariel Reinsurance has completed the sale of its Bermuda-based insurance and reinsurance operations to Goldman Sachs, following the acquisition agreement signed on 1 March 2012.
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Allied World hires SVP for Global Marine and Specialty
Allied World Assurance Company Holdings has hired Joseph Barrett as new senior vice president (SVP) of Global Marine and Specialty division of Allied World Reinsurance Company.
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Brown & Brown buys assets of D. Bezona & Company
Brown & Brown Insurance Services of California has acquired all of the assets of D. Bezona & Company Insurance Services.
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Flagstone Re to sell stake of Island Heritage in $68m deal
Flagstone Reinsurance has signed a share purchase agreement with BF&M to sell its stake in Island Heritage insurance in a cash deal valued at about $68m.
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SEIB launches new policy for SMEs
SEIB Insurance and Reinsurance (SEIB) has launched a new insurance product ‘Maktabi’, which is a multi-risk coverage policy, for small and medium enterprises (SME) in Qatar.
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Universal adds Guidewire Reinsurance Management, Client Data Management
Puerto Rican insurer Universal Group has selected Guidewire Reinsurance Management to manage its ceded reinsurance processes and Guidewire Client Data Management to support a more comprehensive customer view across its core operations.
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