With the exception of parts of Latin America, reinsurance rates for most of the world continued to decline at the April 1 reinsurance renewals period, a brokerage said.
The movement toward stronger enterprise-wide risk management (ERM) practices following the 2008 financial crisis has continued gathering steam among insurers and reinsurers this year, according to a new study.
Reinsurance broker Guy Carpenter & Company, LLC, said it has entered into an agreement to purchase London-based specialty reinsurance broker Rattner Mackenzie Ltd. from HCC Insurance Holdings Inc.
Chris McKeown was named chief executive officer of reinsurance broker Guy Carpenter & Co.'s Global Analytical and Specialty Practices, the broker announced today.