November 2015/3

RSG acquires M&A specialist; Women turned off insurance; Climate change threatens income; Advent Solutions hires chair; Central Bank probe into Quinn; Ace leads mining loss; Southwest Risk hires O'Connor; XL Catlin expands US excess casualty unit; Endurance strikes deal with aviation MGU; Profit forecast for TMK Syndicate 510 improves; Grandisson seen as Iordanou successor at Arch; Talanx reports Q3 profit growth; UK minister enacts Flood Re; Aspen raids LIU; LMA committee will examine CRO requireme

Munich Re board member Torsten Jeworrek has questioned the (re)insurance industry's ability to tackle the systemic nature of cyber attacks, adding that state-backed pools are "not the answer" to address the growing threat.

Lloyd's latest push for syndicates to measure their cyber risk exposures could spur growth in the standalone cyber insurance market, the Corporation's director of performance management Tom Bolt told The Insurance Insider.

The merger between (re)insurance broker Willis and professional services firm Towers Watson is "unlikely" to go through under the current terms, according to Janney analyst Robert Glasspiegel.

The two major initiatives announced by Aon last week have sparked fears of job losses in the professional services firm's London operations.

Lloyd's support of the Aon Client Treaty represents a turnaround on its view of broker facilities, following its strong opposition to both the Aon-Berkshire Hathaway Sidecar and Willis Global 360 just two years ago.

The way that the Aon Client Treaty is set to operate could see a number of the leadership positions on the global broker's London book change hands, The Insurance Insider understands.

Lloyd's insurers Hiscox and Barbican have both welcomed the Aon Carrier Link initiative as a move that could potentially increase market access and deliver new premiums into Lloyd's.

Brokers are always quick to inflate the importance of any initiative that they bring to market. Even the smallest tweak to the status quo can be characterised as "game-changing" or "transformative".

Stated insured losses from the Tianjin explosions have continued to trickle in, with the reported industry loss now exceeding the $1.5bn mark.

Members' agent Hampden Group has become the latest player to enter the crowded market to write gearing Funds at Lloyd's quota shares for 2016, The Insurance Insider can reveal.

Premium growth in Latin America hit 2.2 percent in 2014 despite challenging market conditions, according to Spanish carrier Mapfre.