Reinsurance
Mapfre profits climb 70% to €216m in first quarter
Spanish insurance reports premiums up 4.6% to €8.1bn in the quarter, as combined ratio improves to 95.8%
Ariel Re and Hiscox launch cyber catastrophe consortium
New consortium will offer event-based reinsurance protection to insurers of up to $50m
Fidelis Partnership hires Somerville as head of ceded re
Bermuda-based MGU appoints Douglas Somerville from Howden Re to oversee capacity and ceded reinsurance
BMS Re names Canavan US COO
Canavan joins from AIG, where he was global reinsurance chief operating officer
Liberty Mutual Re launches parametric earthquake product
Reinsurer partners with sensor technology specialist Safehub on global roll-out of building-specific product
Munich Re shares jump on Q1 profit surprise
German reinsurance giant pre-announces €2.1bn profit for the first quarter of the year, which was well ahead of expectations
MNK Group targets LatAM expansion with Oceánica buy
Broking and underwriting group acquires Costa Rican insurer Oceánica de Seguros
London market outlook upgraded by AM Best
Ratings agency raises forecast from ‘stable’ to ‘positive’ amid 'strong' pricing environment
Reinsurers brace for commercial property and engineering losses from Dubai floods
Continued flooding could force up premiums and reinsurance costs, AM Best warns
Munich Re reorganises Asia and Africa operations
Reinsurance giant shuffles regional executives in Asia and Africa, moving Kotak and Eckl
James River completes sale of JRG Re
Sale of casualty reinsurance unit to Fleming Intermediate Holdings ends weeks of dispute between the two parties
MS Re names Hottinger head of EMEA P&C division
Switzerland-based reinsurer hires former Axis Re executive to drive growth in European, Middle East and Africa markets
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