July 2012/4

Insurers need to adapt to the big three brokers' evolving business models as they turn their data into profit-mining enterprises, Beazley's director of broker relations Dan Jones said.

New Zealand's local government insurer Civic Assurance is facing a "potential dispute with its reinsurers" over claims amounting to NZ$701mn ($561mn), says AM Best.

Flagstone's share price has fallen by more than 10 percent over the last week in what may be a delayed reaction to revelations that it has been unable to strike a deal with ANV.

Lloyd's (re)insurer Amlin has positioned itself to take advantage of the nascent signs of hardening rates in the US casualty market with the launch of a new lead US casualty reinsurance team.

The board of Everest Re is yet to determine if Joseph Taranto will remain as chairman when he steps down as CEO at the end of 2013, the company told The Insurance Insider.

Beazley has hired aviation underwriter David Oates from Liberty Mutual to spearhead its expansion into the aviation market.

Insurers will be hit by up to £500mn in claims from UK flood losses this year after the wettest June on record, according to the latest estimates by the Association of British Insurers (ABI).

Contingency (re)insurance underwriters are shying away from weather-related event cancellation cover in the UK after a summer of heavy rain inflicted significant losses on carriers, sister publication Inside FAC reported.

Generali relegated from ‘Serie A'; Haste leads RBSI bid; Charman's $36mn exit; $5bn Maiden payout for AIG; Levene takes Starr role; Hiscox UK reshuffle; Fondiaria shares continue slide;

The eagerly awaited run-off auction of Zurich Insurance Company's UK run-off subsidiary Eagle Star has finally begun.

The best advice if anyone ever asks you to judge an awards ceremony always used to be to thank your host for the great honour of being asked, make a really good excuse and then run a mile just in case they apply pressure to make you change your mind.

(Re)insurance stocks tumbled on Monday as investors fretted over a potential international bailout for Spain and a possible exit of Greece from the euro.