August 2015/4

Aviation insurers received no respite during the mid-year renewals as aviation rates saw double-digit declines at the sector's most significant renewal period of the year so far

Amlin's reinsurance division boosted its top line by 13 percent year-on-year during the first half, surpassing £1bn of gross written premium (GWP) as it wrote more business for Leadenhall Capital Partners.

IAG has drawn down A$70mn ($51mn) from its aggregate reinsurance cover, as its natural peril claims for the 2015 financial year surpassed A$1bn.

Crawford & Company's Jeffrey Bowman is to step down after nearly eight years as president and CEO of the company, it was announced today (24 August).

Berkshire Hathaway shares retain material upside, despite "short-term weakness" after disappointing second quarter earnings, according to Nomura analyst Cliff Gallant.

UK ratings affirmed; Gard adds CUOs; TMK expands; Helios forecasts improve; P&C shares fall; Trade credit demand surges; Chinese insurers under review; Danny weakens; Lloyd's drone warning; Willis Australia acquires CKA; Lockton's organic growth surges; Advent Insurance expands; Willis appoints construction head; AIG sells out of AerCap; Pacific Life Re gets go-ahead; Hallmark launches property unit; Everest adds casualty leaders; QBE's agg cover; Towergate boosts London market

Australian insurer IAG has exceeded its NZ$4bn ($2.7bn) reinsurance limit for the devastating earthquake that struck New Zealand in February 2011, and has warned that further deterioration could occur.

Cerberus Capital Management and MassMutual Capital Partners have appointed Sandler O'Neill as they again look to exit their stake in beleaguered life reinsurer Scottish Re, The Insurance Insider can reveal.

Reinsurers that have historically implemented more prudent reserving strategies will have a long-term competitive advantage over those that have been more aggressive in releasing reserves, Standard & Poor's (S&P) has warned.

Stock analysts have published a mixed bag of views on Amlin's interim results, despite the bottom-line figures arriving in line with expectations.

Amlin's renewed focus on "client intimacy" has removed any incentive to partner up with other (re)insurers, according to CEO Charles Philipps.

Big three broker Marsh looks set to finally fulfil its desire to move deeper into the UK retail insurance space after entering into talks with Jelf Group.