February 2016/4

The Indian government is considering increasing the level of automatically permitted foreign direct investment (FDI) for insurers to 49 percent, according to The Indian Times.

Allied World casualty hire; Downey joins Everest; Winston lashes Fiji; New non-exec at RenRe; Allianz books EUR163mn storm loss; Lancashire Q4 profits down a third; IAG buys ADC; IAG buys ADC; Brit profit slump; Allied World execs buy stock after Q4 rout; Duperreault takes Hamilton chair; Eiopa 2016 priorities; Pool Re hires; Schreiber and Maag depart; RLI cyber launch; Phoenix back to ashes; Brit ups Ambridge line; ArgoGlobal appointment; Markel Catco COO.

ProSight at Lloyd's has continued to reshape its management team as it attempts to move on following the ouster of managing director Bernard Mageean last September.

The London Market Group (LMG) has formally launched the search for a successor to interim CEO Ben Reid, The Insurance Insider understands.

Chubb has parted company with its head of aviation Malcolm Brett, The Insurance Insider can reveal.

Marsh is being sued by Filipino insurer PGA for an alleged breach of confidentiality after the carrier lost an aviation account it had held for 19 years.

Enstar has agreed to write a 50 percent reinsurance of a $2.2bn book of US legacy business belonging to Allianz

Aspen UK operations director Kevin Miller is to take up the new position of chief operating officer at top-quartile Lloyd's syndicate Aegis London.

Group natural catastrophe losses that almost doubled to EUR738mn ($814mn) and Fireman's Fund costs helped drag Allianz Global Corporate & Specialty (AGCS) to a full-year underwriting loss.

Global insurer Generali is moving closer to a mid-year launch at Lloyd's after passing one of the key staging posts in the start-up process last week, The Insurance Insider understands.

Aon's decision to cut its "preferred" wholesale panel from two to one has led to a wave of speculation about the broking giant's motivations and what its actions might mean for a sector that has seen soaring valuations and widespread consolidation in recent years.

Aon has reshuffled some of its most senior broking executives, with Tom Fitzgerald promoted to CEO of Aon Broking, The Insurance Insider can reveal.