April 2014/3

New York-listed (re)insurers Platinum, RLI and Travelers kicked off the Q1 reporting season in an upbeat fashion as benign cat losses and continued reserve releases helped to bolster their bottom lines.

The adoption of predictive analytics and new technology to re-engineer and modernise business practices could create a new breed of agile carriers, according to panellists at RMS' annual Exceedance conference.

RMS has reaffirmed its commitment to its own model development, despite the recent focus on its new RMS(one) platform, the firm said at its annual Exceedance conference last week.

Catastrophe risk management firm RMS has signed up five new model providers to its RMS(one) platform ahead of its official release, which is now slated for this autumn, the firm announced last week at its annual Exceedance conference.

The reinsurance industry is facing increased pressure as insurers consolidate and become more comfortable retaining their own risks, according to a new study from Cass Business School academics published by professional services firm EY.

London-listed Randall & Quilter (R&Q) today (22 April) confirmed a dip in its 2013 pre-tax profit, in part because of lower-than-expected premium revenues from its own Lloyd's Syndicate 1991.

Hyperion's director of transformation Simon Behagg has been hired as chief operating officer (COO) by Grahame "Chily" Chilton for his start-up broker Capsicum Re, sister title Inside FAC revealed last week Normal 0

Lloyd's motor insurer Equity Red Star today (22 April) renamed itself ERS as part of a rebranding exercise aimed at drawing a line under its troubled past.

London-headquartered managing general agent CFC Underwriting has launched a new cyber product aimed at large corporates.

Richard Brindle will have earned approximately $200mn from Lancashire Insurance, the company he formed in the aftermath of Hurricane Katrina in late 2005, as he prepares to step down from the London-listed insurer.

Incoming Lancashire Holdings CEO Alex Maloney has promised a continuation of the firm's distinctive fleet-footed management style following the surprise announcement of founding CEO Richard Brindle's impending departure.

Australian insurer QBE is selling the renewal rights for its global bloodstock book in yet another disposal following news of the potential sale of its Lloyd's aviation and US middle market businesses.