March 2016/3

US reinsurer Gen Re is the latest carrier to address its expense base as it looks to implement processes to keep the cost of doing business low.

Some nine terrorism brokers and 44 terrorism underwriters have signed up for the Placing Platform Limited (PPL) launch, according to PPL chairman David Ledger.

Reinsurance capital efficiency; Brit launches fine art and specie; Dual execs help raise £250,000 on skis; Eiopa chair on SII; James Sutherland funeral; ILS taskforce forms subgroups; Beale announced as patron; Sompo Canopius expands; JLT Re expands in US; CFC product recall cover; Tech focus for Charles Taylor; Pen hires crisis manager; Hiscox sells division; Moody's upgrades Swiss Re Corporate Solutions; Dual spills Beveridge as departures continue

People often associate Disney and Johnny Depp with Pirates of the Caribbean, but the first person to talk about them was Trevor Jones: Uncovering the pirates of the market was his specialty.

The owners of Israeli insurers Clal and Phoenix are facing an uphill regulatory battle in their attempts to sell the companies, despite the imposition of a legal requirement for them to do so, according to reports.

Surplus lines giant Lexington has launched a new wholesale-only property excess product that offers up to $250mn of capacity, new sister title Inside E&S revealed last week.

RT Specialty has reaffirmed its commitment to independence following its appointment last month as Aon's "preferred" wholesaler.

BB&T's proposed acquisition of Swett & Crawford is projected to add more than $200mn of annual revenue to its wholesale division, taking revenues for its insurance operations to $1.8bn

China's domestic reinsurance industry looks set to grow meaningfully over the coming months after the China Insurance Regulatory Commission (CIRC) granted approval for the establishment of Qianhai Re.

The news that Lloyd's performance director Tom Bolt is set to join Berkshire Hathaway Specialty Insurance (BHSI) is a pivotal moment in the strategic direction of the rapidly expanding global carrier.

American International Group (AIG) has started to deliver on its pledge to buy more reinsurance after agreeing a two-year deal to cede a share of its new and renewal US casualty book to Swiss Re.

Long-standing Munich Re CEO Nikolaus von Bomhard will step down when his contract expires at the end of the year, according to reports.