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Ace beats despite FX top and bottom line impact

Foreign exchange headwinds contributed to Ace Limited reporting a modest drop in operating profits but the insurer nevertheless beat Wall Street forecasts for the second quarter.

David Bull, 22 July 2015
Hastings-Bass appointed BMS non-exec chairman

Market veteran John Hastings-Bass has been appointed non-executive chairman and director of BMS Group, the Minova-owned broker announced today (13 January)

Jenny Messenger, 13 January 2015
Muted impact on premiums from sliding crop prices

The double-digit slide in agricultural commodity prices in the year to date is expected to only have a muted impact on 2015 multi-peril crop insurance (MPCI) premiums, according to Morgan Stanley analysts

David Bull, 01 April 2015
Chaucer recruits Helvetia’s Bizet as LatAm head

The Miami-based executive assumes the role left vacant by April McLaughlin.

Jairo Ibarra, 31 July 2025
Towers Watson final sale price lower than expectations

JLT Re's $250mn acquisition of the reinsurance broking arm of Towers Watson values the business at a relatively modest 7x-8x multiple of 2012/13 earnings, despite the seller's initial target of more than 15x earnings, The Insurance Insider understands.

23 September 2013
Markel shoring up turnaround with reinsurance offload: Gayner

The company has struggled in reinsurance, while large claims dragged down D&O results in Q2.

Adam Kovac, 31 July 2025
Sogaz seeks to allay reinsurer fears

Major Russian insurer Sogaz has written a comfort letter to brokers this week confirming that Bank Rossiya, which became the subject of US sanctions last week, no longer has a controlling stake in the company.

31 March 2014
US prepares for Tropical Storm Karen

Tropical Storm Karen looks set to become the first named storm of the 2013 season to make landfall in the US during this weekend, with communities along the Gulf Coast preparing for strong winds, according to reports

04 October 2013
European floods may be worse than 2002: Fitch

The flooding in Germany and other parts of central Europe may be even more costly that the devastating floods of 2002, Fitch Ratings has warned.

11 June 2013
UK High Court has ordered nearly $2bn in aviation war payouts

Fidelis, Liberty and Hive are among the insurers with the greatest exposure.

Rebecca Perkins, 18 July 2025

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