Aspen Reinsurance's capital markets division has established a new special purpose insurer called Silverton Re to offer additional collateralized capacity to support Aspen Re's global reinsurance business. Bermuda domiciled Silverton Re ...
Tags: Aspen Reinsurance, new special purpose insurer, Silverton Re
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc (NYSE: AON), announces the appointment of Kelly Smith as President of its U.S. business, effective today. Kelly will report to Bryon Ehrhart, Chief Executive ...
Tags: Kelly Smith, Aon Benfield, President
New York-based risk and financial management firm Towers Watson has placed its reinsurance broking arm for sale. The company is also planning to rope in one of the Wall Street banks to sell the business. The sale price has not been ...
Tags: Towers Watson, Service
PartnerRe, a provider of diversified reinsurance services, has established a new reinsurance sidecar facility, called Lorenz Re, to offer additional capacity to a number of its customers. Capitalized with $75m through the issuance of ...
Aon Benfield has unveiled a new weather reinsurance product, WExcess, intended to mitigate adverse weather losses for UK insurers. Developed in collaboration with reinsurer Swiss Re and weather risk management specialists CelsiusPro, the ...
Tags: reinsurance product, Aon, reinsurance
The insurance industry is looking at the possible effects of space weather on the world’s electronic systems. The issue arises, say the insurers, because space weather goes in 11 year cycles and severe events are expected in early ...
Severe weather events in the central and southern US has caused increased insured losses of$1bn in April 2012,while economic losses is expected to be much higher,says Aon's'Global Catastrophe Recap'report. According to the study conducted ...
Aon has introduced a fully probabilistic flood catastrophe model for Thailand, aimed to assist global insurers in better understanding risk management exposures. The new model features improved key drivers for understanding flood risk in ...
Tags: global insurers, risk management, Aon, flood catastrophe model
Flexpoint Ford has inked a definitive agreement to acquire GeoVera Insurance Group Holdings, from affiliates of Hellman & Friedman and Friedman Fleischer & Lowe for an undisclosed amount. The acquisistion deal is anticipated to complete ...
Tags: Flexpoint Ford, GeoVera Insurance, property and casualty
US insurers' reserve redundancy during the year 2011 was estimated to be $11.7bn, or 2% of total booked reserves compared to $22bn during the same period last fiscal. According to a research report compiled by Aon Benfield, the global ...
Aon has appointed Steve McGill as group president to oversee development and execution of the firm’s overall growth strategy with primary focus on its risk businesses namely, Aon Risk Solutions and Aon Benfield. In this capacity, ...
Tags: Aon, New Group President, Steve McGill