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BP Marsh restates value of Besso exit to £22mn

The listed venture capital and private equity investor BP Marsh & Partners has restated the value of the nearly 38 percent stake in insurance broker Besso that it sold earlier this year to BGC Partners.

Bernard Goyder, 12 April 2017
Hamblin takes on Blenheim active underwriter mantle

John Hamblin has been appointed active underwriter at Blenheim Syndicate 5886, replacing his former Cathedral colleague Nick Destro

Bernard Goyder, 12 April 2017
Activist Paulson to exit AIG board: report

Activist investor John Paulson is set to leave the board of AIG, according to a media report

Charlie Thomas, 12 April 2017
Hannover Re to retain Argenta members’ agent

Hannover Re has decided to keep Argenta's members' agency, ending speculation that it would spin off the Names advisory arm after its acquisition of the Lloyd's business closes, The Insurance Insider understands

Adam McNestrie, 12 April 2017
Ogden cut causes $173mn reserves hit at LV

Mutual insurer LV swung into the red in 2016 as it increased its reserves by £139.0mn ($172.9mn) to offset the impact of a steeper-than-expected cut in the UK discount rate for personal injury compensation

Laura Board, 12 April 2017
UK FSCS levies brokers an additional £5mn

General insurance brokers will pay £5mn ($6mn) more in UK Financial Services Compensation Scheme (FSCS) levies than originally forecast, the body announced today

Catrin Shi, 12 April 2017
PCS puts losses from Turkey violence at $140mn

PCS has released its first industry loss estimate for Turkey, putting property losses from March 2016 clashes between government and opposition forces at TRY510mn ($139mn).

Fiona Robertson, 12 April 2017
Chubb promotes Samuel to lead Asia power

Chubb has promoted Titus Samuel to Asia power and utilities head, based in Singapore, according to a statement by the P&C giant

Bernard Goyder, 12 April 2017
Opinion: Energy insurance insanity

Albert Einstein's definition of insanity was doing the same thing over and over again and expecting different results

Charlie Thomas, 12 April 2017
Perils ups Egon loss estimate to $248mn

Loss data aggregator Perils has increased its loss estimate for Windstorm Egon, which struck parts of France and Germany in January, to EUR234mn ($248mn).

Matthew Neill, 12 April 2017

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