July 2014/4

Nephila Capital has signed a partnership with State National Companies that will provide the fund manager with $400mn of premium capacity for 2015 and 2016, sister publication Trading Risk reported last week.

Lancashire's founding CEO Richard Brindle has sold out of the company completely and will be free to return to the market as soon as 2 January 2015, Lancashire confirmed to The Insurance Insider last week.

After 18 months of heavy rate reductions, property cat pricing cannot fall much further, according to Validus CEO Ed Noonan.

The London Market Group (LMG) today (28 July) unveiled a new initiative to allow brokers to access the Lloyd's market more easily by ensuring that the Acord standardised messages used outside the market will now be acceptable in London.

The aviation market has suffered another two losses in the space of a week since the shooting down of Malaysia Airlines flight MH17 over Ukraine on 17 July.

Allianz leads the Malaysia Airlines all-risk programme that will pick up the liability loss from flight MH17, but the biggest lines belong to La Réunion Aérienne (LAR) and AIG, The Insurance Insider can reveal.

The aviation war market is no longer on risk at Tripoli Airport after Catlin moved to exclude Libya from the policy of Libyan African Holding Company, The Insurance Insider has learned.

Lloyd's insurer Atrium and the other war underwriters for Malaysia Airlines have decided not to exercise their right to immediately raise the premiums for its insurance coverage, The Insurance Insider has learned.

Hiscox Ltd will continue to scale back its reinsurance top line as long as competitive market conditions persist, group CEO Bronek Masojada told The Insurance Insider.

Marsh and McLennan (MMC) UK employees enrolled in the firm's defined benefits pension fund will be transferred into a new defined contribution arrangement at the end of this week (1 August) following a long consultation period.

RFIB appoints;  FX hits Hiscox; Swails resigns; Growth stalls; Lloyd's affirmed; Weather blue; Chubb's miss; Higher profits; Mapfre solid H1; Gallagher unveils

Willis has won three significant directors' and officers' (D&O) accounts from rival broker Marsh over the past 18 months, The Insurance Insider understands.