March 2016/4

As reinsurance professionals gathered in Doha for the Multaqa Qatar conference last week ahead of the April renewals in Asia and the Middle East, underwriters spoke in bearish terms about the prospects for profitable underwriting.

The Address Downtown Hotel complex that caught fire during New Year’s Eve in Dubai last year is heading towards a $200mn insured loss, according to market sources.

Despite the co-option of activist investors to the board and the announcement of a broad remediation plan for the business, the perception at the top levels of the insurance industry remains that Peter Hancock will do well to see out the year as CEO of American International Group (AIG).

Global broker JLT has won the major aviation account of Chinese airline company Hainan from Aon, The Insurance Insider can reveal.

Noel Holloway, former head of aviation for Mitsui Sumitomo (MSI)'s Lloyd's insurance arm, has left MS Amlin, The Insurance Insider can reveal.

David Whiter, Aspen's chairman of international marine, energy and aviation, is leaving the company, The Insurance Insider has learned.

Mike Hansen, former aerospace global product leader at Catlin, has resigned from XL Catlin, The Insurance Insider can reveal.

Chubb leads the Emirates programme that will be hit by a $49mn hull claim following the loss of a FlyDubai flight in the southern Russian city of Rostov-on-Don over the weekend, The Insurance Insider has learned.

International Airlines Group (IAG) and Qatar Airways are set to pay premium increases on their insurance programmes at 1 April, in a development that has left the market divided on the trajectory that rates will take in 2016.

ANV Syndicates has received green light status from Lloyd's, indicating that the Corporation now considers the carrier to be compliant with Solvency II, The Insurance Insider can reveal.

Just after the global financial crisis had done its worst, and ahead of the 2010 UK elections, a former senior Conservative Party politician came to speak at one of our executive briefing events. One of his insights was particularly penetrating and counterintuitive.

American International Group (AIG) is lining up a number of quota share placements including a financial institutions (FI) cover, following on from its US casualty reinsurance deal with Swiss Re, The Insurance Insider can reveal.