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McGavick: Reducing catastrophe volatility is ‘right thing to do’

XL Group is reducing volatility in the cat space through its ceded programmes as it reshapes its "earnings engine" following last year's catastrophe losses, according to CEO Mike McGavick.

Charlie Thomas, 02 February 2018
Flood heads back to Aon in U-turn from Alliant

Property broking executive Vincent Flood is set to return to Aon just weeks after resigning to join rival Alliant, The Insurance Insider can reveal.

David Bull, 02 February 2018
Miller names Moncavage to head Asian political risk

Miller has expanded its Asian operation with the hire of two senior executives in Singapore.

Bernard Goyder, 02 February 2018
Barbican launches Bermuda platform

Barbican today confirmed the launch of an underwriting operation in Bermuda, as first revealed by The Insurance Insider.

Catrin Shi, 02 February 2018
Thai riots political violence claim settled for $110mn

One of the largest claims ever to hit the London political violence market has been settled for around $110mn, The Insurance Insider understands

Bernard Goyder, 02 February 2018
Heritage taps Lusk from Narragansett Bay for CFO

Florida property and casualty carrier Heritage has named former Narragansett Bay CFO Kirk Lusk to the same position effective 28 April, when current CFO Steven Martindale will step aside.

Ted Bunker, 02 February 2018
PatNat enters bankruptcy ahead of Cerberus takeover

Patriot National, a provider of services to insurers especially in workers’ compensation lines, sought US Bankruptcy Court protection from creditors as part of a plan to be acquired by secured creditors led by units of Cerberus Capital Management.

Ted Bunker, 02 February 2018
Zurich North America hires trade credit head

Lillian Labbat has joined Zurich North America as head of trade credit and political risk.

Charlie Thomas, 02 February 2018
Opinion: Fairfield and Penelope

Last night this publication reported that Matt Fairfield's insurance start-up Exin had asked the Bank of Greece for an extension on providing details on the financing of its proposed EUR718mn ($894mn) acquisition of a majority stake in state-owned insurer Ethniki.

Adam McNestrie, 02 February 2018
GRP buys Lloyd’s broker Camberford Law

Global Risk Partners (GRP) has acquired a majority stake in Bromley-based Lloyd's broker and MGA Camberford Law.

Charlie Thomas, 02 February 2018

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