March 2015/4

George Osborne's plans to aid the development of London as a centre for insurance-linked securities (ILS) business must address specific issues such as the time needed to set up new vehicles, industry experts have said.

The rate-on-line for primary layer cyber insurance cover is six times higher than for property cover and three times that of general liability, according to a report on UK cyber security.

Beazley is the lead on the cyber policy of US health insurer Premera Blue Cross, The Insurance Insider can reveal.

Professional services firm Charles Taylor is poised to make a number of acquisitions in the wake of its £30mn rights issue, the company's CEO David Marock told The Insurance Insider.

French giant Groupama is suing Thomas Miller - which manages protection and indemnity (P&I) mutual UK P&I Club - for £2.2mn after a tanker ran aground in 2007.

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Chinese conglomerate Fosun is the favourite to acquire Bermudian property catastrophe specialist Montpelier Re, following an auction.

Allstate is set to secure a 10 percent risk-adjusted rate reduction when it renews its vast catastrophe programme on 1 June, The Insurance Insider can reveal.

Life used to be so simple. You would choose your class or classes of business, go out and hire the best underwriter(s) you could afford, back them with the best quality capital you could find, set them down in the most appropriate platform and then let them get on with it.

Former QBE underwriter Ash Bathia and ex-QBE group CEO Frank O'Halloran are in line to secure approval for a Lloyd's start-up at 1 July, The Insurance Insider can reveal.