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Aon accuses Willis of unfair competition over CFO hire

Aon has sought to block the appointment of Michael Burwell as Willis Towers Watson CFO by claiming it would amount to unfair competition.

Dan Ascher, 27 September 2017
Citizens $1.23bn Irma loss spares reinsurers for now

Citizens expects Hurricane Irma will generate 70,000 claims and around $1.23bn of insured losses that will not be sufficient to attach its private reinsurance layers or Everglades Re catastrophe bond.

David Bull, 27 September 2017
Bermudians paid $73bn to EU customers over 20 years: BMA

Bermudian (re)insurers have paid out nearly $73bn in claims to EU clients and cedants over the past 20 years, according to the Bermuda Monetary Authority (BMA).

Charlie Thomas, 27 September 2017
Fairfax raises $548mn from ICICI Lombard IPO

Fairfax Financial revealed it had raised $548mn by selling a 12 percent stake in ICICI Lombard General Insurance through an IPO that cut the Canadian conglomerate's holding in the Indian carrier to 9.9 percent

Laura Board, 27 September 2017
London market diversity hindered by unconscious bias: Gage

Unconscious bias is a major hurdle in creating a truly diverse workforce in the London (re)insurance market, according to CNA Hardy CEO Patrick Gage

Catrin Shi, 27 September 2017
Newline hires Pecover to lead D&O

Newline Group has hired Andy Pecover, MS Amlin's class underwriter for financial lines, to lead its directors' and officers' (D&O) team, The Insurance Insider understands

Adam McNestrie, 27 September 2017
Up to $190bn in 2017 cat losses signal ‘capital event’: Fitch

Ratings agency Fitch said that catastrophe losses this year could constitute a capital event for some reinsurers, rather than just an earnings event.

Laura Board, 27 September 2017
PIB snaps up MGA aQmen

Carlyle-backed broking firm PIB has acquired MGA aQmen, its 11th M&A transaction in the past 17th months.

Bernard Goyder, 27 September 2017
Tianjin insured claims to exceed $1.5bn: CIRC

The Tianjin branch of the Chinese insurance regulator has said total insured losses from the 2015 Tianjin explosions are likely to reach more than 10bn yuan ($1.5bn)

Bernard Goyder, 27 September 2017
Neon expands marine team

Neon has hired two underwriters to boost its marine and cargo offering, the specialty (re)insurer announced this morning

Charlie Thomas, 27 September 2017

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