August 2014/3

Amlin's decision to increase its net written premiums (NWP) at a time of deteriorating rate adequacy has not increased the amount of risk on its books, according to group CEO Charles Philipps.

Senior liability underwriter Laurie Devereaux has resigned his position at AmTrust at Lloyd's, The Insurance Insider can reveal.

Venture capital firm BP Marsh has bought an initial 5 percent stake in London market managing general agency (MGA) Nexus Underwriting Management, investing a total of £1.55mn.

The proposed joint Lloyd's start-up that could see Charles Taylor become a turnkey managing agent and its partner the Standard Club become a syndicate is no longer aiming for a 1 January go-live date, The Insurance Insider understands.

Chris Williamson, the managing director of specialist bloodstock broker Hughes-Gibb, has left the intermediary, The Insurance Insider can reveal.

Staff-owned intermediary Howard Global, one of the biggest brokers in the niche bloodstock market, is up for auction, The Insurance Insider can reveal.

AmTrust's AG Doré Syndicate 2526 looks set to continue into 2015 along broadly similar lines to this year despite weeks of rumours about its future.

Florida start-up SafePoint Insurance Company has revealed the details of its 2014 reinsurance programme, which includes multiple event cover with a top or drop (ToD) layer.

Australian mega-cedant Suncorp has raised the upper limit of its major 1 July catastrophe treaty from A$5.8bn to A$6.1bn, an increase of 5 percent.

State-owned carrier China Re is to hold off on a project to establish a platform in Switzerland as it focuses attention on its upcoming Hong Kong IPO, The Insurance Insider understands.

Catco chairman Nigel Barton said the firm's London-listed Catco Reinsurance Opportunities Fund was on track to outperform its 12-15 percent target return for 2014 after its net asset value gained 4.27 percent in the first half.

Credit cycle risk; James Schiro dies; US washout; London Ibericos; Allied Canada energy move; New Catlin London boss; ACR chair revolves; Ergo scales Greek heights; Reinsurer gloom; Hathaway's $200,000 shares; JLT Towers west coast hire; L&G quits ABI; Admiral commands less premium; Talanx Q2 weaker; Airmic compliance 100