Miller hires Aon Benfield’s Walters

Mar 29, 2012 by Adrian Hönig in Baden-Baden Meeting

Miller’s reinsurance capabilities have been strengthened following the arrival of Russell Walters from Aon Benfield.

Walters has more than 25 years of experience in placing marine and energy reinsurance business, and, as Miller explained, “is adept at handling both non-proportional and proportional placements”.

The head of reinsurance at Miller, James Geffen, claimed Walters’ arrival will complement the broker’s existing capabilities within the sector.

Walters’ arrival comes just over a month after Miller added James Cunningham and Ewan Wauchope to its political risk, trade credit and political violence team.

Profit falls at Munich Re

Mar 13, 2012

GERMANY-based reinsurer and insurer Munich Re has reported a consolidated result of €712m ($937m) for 2011, down from €2.43bn in 2010 and its poorest performance for at least five years. Gross premiums written rose to €49.6bn from €45.5bn.

Beazley looks to France in 2012

May 10, 2012

IRELAND-domiciled Lloyd’s and specialty lines insurer Beazley has reported a 9% year on year increase in premiums for the first quarter to $465m, with a 2% average increase in rates. It also said that there was no adverse development for its estimated losses as a result of last year’s floods in Thailand.

‘Robust evidence’ supports role of insurance as disaster risk-management tool

Apr 04, 2012

The transition of risk transfer to a central concept in climate adaptation has continued to gather pace with the Intergovernmental Panel on Climate Change (IPCC) acknowledging there is now “robust evidence” risk-transfer instruments can help enable the recovery of governments, households and businesses in the aftermath of disasters.