April 2016/4

Early Q1 reporters stressed that pricing pressure continued in the first three months of the year, with US carriers Travelers and RLI feeling the squeeze along with Bermudian Allied World.

Willis Capital Markets & Advisory (WCMA) has suggested that upcoming changes to AM Best's Capital Adequacy Ratio (BCAR) methodology could penalise insurance-linked securities (ILS) markets over rated carriers.

The Texas Windstorm Association (Twia) may look to reduce its traditional reinsurance placement for 2016 after its reserve funds grew over the past year.

Chubb sought to raise cover from insurance-linked securities (ILS) investors in its first reinsurance renewal after the amalgamation with Ace, sources told sister publication Trading Risk. 

The London Market Group (LMG) has appointed Nicolas Aubert, head of Great Britain for Willis Towers Watson, as chairman, it announced today (25 April).

Ontario Teachers' Pension Plan has cashed out its investment in ANV for $218.7mn, landing it with a significant loss on its four-year investment, The Insurance Insider understands.

Hiscox Re is looking for a new director of underwriting in Bermuda to replace Damien Smith, who is leaving the island to return to London, The Insurance Insider understands

Aviation reinsurance broker Barry Keegan is set to leave JLT Re for Aon Benfield, The Insurance Insider can reveal.

Willis Towers Watson has continued to build out its Bermuda presence with the hire of professional lines expert Trevor Ferguson from (re)insurer Allied World, The Insurance Insider can reveal.

Mark Watkins, group CEO of the Munich Re Syndicate, has died at the age of 64.

TMK hires brace of underwriters; Asta appoints CRO and CIO; R&Q returns to profit in 2015; Kumamoto earthquake unlikely to hurt insurers: Fitch; Swiss Re shareholders approve buyback plan…

Endurance has added to staff at its contract binding operations (CBO) division in the US as it attempts to expand its number of distribution partners and continue growing the business, Inside E&S revealed last week.