April 2014/4
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Martin is new Willis Ltd CEO; Canadian Gomes; Tornadoes strike; Claims goes live; Fairfax acquires; Saga IPO; Heritage IPO; Aspen woos investors; Allied World profits; Everest Re beats; WR Berkley bullish; Platinum buyback; S&P downgrade; Cyber injury; TMEI recruits; Latin expansion; New CEO; Turkish growth
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Florida Citizens Property Insurance kept its risk transfer budget for 2014 stable at $300mn but managed to buy 70 percent more reinsurance limit than last year, highlighting the swingeing rate reductions that have occurred in the Sunshine State over the past two years.
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As the great and the good of the US P&C industry prepare to converge on Denver for the Rims annual gathering, now is probably a good time to look at pricing trends in the world's biggest insurance market.
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Hamilton Insurance Group CEO Brian Duperreault has made an approach for private equity-owned Lloyd's carrier Barbican, The Insurance Insider has learned.