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Axis to pay former CFO $1.2mn for advisory services

Outgoing Axis Capital CFO Joe Henry will receive a $1.2mn fee for advisory services he will provide to the company in 2018, according to an 8K filing.

Catrin Shi, 15 December 2017
Munich Re increases stake in aviation insurer

Munich Re has bought an additional 11 percent of shares in Global Aerospace Underwriting Managers to take it to a majority holding.

Catrin Shi, 15 December 2017
Opinion: Just a little more time

The gift of time - better than a box of Milk Tray or a bottle of perfume. Ask any Brexit contingency planner, working parent or payroll manager expediting December salaries

Laura Board, 15 December 2017
LGT collateralised vehicle relaunched as A rated Lumen Re

The Bermudian reinsurance vehicle Collateralised Re operated by LGT ILS Partners has been converted into an AM Best "A" rated vehicle called Lumen Re

Lucy Jones, 15 December 2017
Chaucer-led Libyan terror claim to settle at EUR25mn

Political violence insurers are set to pay out around EUR25mn ($29.4mn) to the owners of a Libyan cement plant that was stormed by jihadists in 2016, The Insurance Insider can reveal.

Bernard Goyder, 15 December 2017
Marsh appoints Moody UK specialty CEO

Broking firm Marsh has named Paul Moody as CEO of its UK specialties division

John Hewitt Jones, 15 December 2017
Fidelis backs surety MGA launch

Bermuda-headquartered specialty (re)insurer Fidelis Insurance is backing new MGA Firestone Surety.

John Hewitt Jones, 15 December 2017
Gramercy targets NY construction risk with new MGA

Gramercy Risk Holdings LLC is set to enter the New York construction sector with an MGA programme that it aims to transition to its own admitted specialty carrier next year, The Insurance Insider has learned

Ted Bunker, 15 December 2017
Bermuda Roundtable Autumn 2017

Bermuda is blessed with some of the best restaurants I've ever had the pleasure to attend, and seafood features heavily.

Insurance Insider team, 14 December 2017
New York bans setting auto rates by job or degree

New York State has banned auto insurers from using an applicant’s education attainment level or occupation and earnings as a basis to begin setting rates, saying the practice could be unfairly discriminatory.

Ted Bunker, 14 December 2017

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