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October 2014/1

  • Fourteen staff have left CNA subsidiary Hardy Underwriting to join Lloyd's rival Ark Syndicate Management, The Insurance Insider revealed earlier this month
  • Lloyd's has announced the "third and final" phase of its Claims Transformation Programme (CTP), which will expand the project to include the market's legacy subscription claims.
  • Starr lines up crisis grandees for cross-examination
  • Placing Platform Ltd (PPL), the body tasked with commissioning an electronic placing platform for the London market, has estimated a 2017 date for full implementation
  • Sullivan chairs; Markel promotes; Singapore sling; Yip joins; Canopius confirms; Charles Taylor adds; Déjà vu...
  • Insurers should continue to analyse the effects of the UK government's decision to deduct legal costs from damages paid to mesothelioma victims despite the High Court ruling the practice unlawful, law firm DWF has said.
  • The aviation war risk insurance programme provided by US government agency the Federal Aviation Administration (FAA) has been extended to 11 December 2014
  • The UK's state-backed flood reinsurer Flood Re is due to disclose which firm has won the mandate to be its managing agent by the end of October, according to UK trade body the Association of British Insurers (ABI)
  • Stone Ridge Asset Management allocated $30mn to Bermudian retro writer Aeolus and another $30mn to Everest Re's Mt Logan Re sidecar ahead of the mid-year renewals, according to the latest quarterly reports from the US fund manager.
  • A dispute over a $100mn cat bond payout to US insurer American Family Mutual Insurance for 2011 tornado losses was dismissed by a New York district court late last month
  • The International Group (IG) of protection and indemnity (P&I) clubs needs to communicate more effectively with the marine market in the wake of the Costa Concordia loss, the group's chairman Grantley Berkeley has said
  • Dislocation in the middle market lending sector is leading to significant interest in the asset class from (re)insurers