Investment analysts have said that the agreement for Willis to take an 85 percent interest in independent London market broker Miller Insurance Services will be largely accretive to the big three broker's earnings.
Insurers in the $1bn+ Superstorm Sandy suit brought by Amtrak have filed motions opposing the US railroad operator's request for summary judgment on the definition of "flood" and Sandy's status as a single loss occurrence.
A $175mn settlement plan to compensate victims of the catastrophic Lac-Mégantic oil train derailment and fire in 2013 has been filed in a Quebec court.
Philippe Regazzoni, the CEO of Amlin's reinsurance subsidiary Amlin AG and an Amlin Management Committee member, has left the company with immediate effect, sister publication Inside FAC has revealed.
JLT has warned the upcoming energy insurance renewal season will be the most "brutally Darwinian" since 1999 as the depressed oil price causes a retraction in demand just as capacity reaches a new high.
