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Brit brings on Morrell from Beazley

Brit has recruited Beazley’s James Morrell to become class underwriter for credit and political risks.

Bernard Goyder, 10 March 2017
Federated National shares plunge on Q4 loss

Federated National shares dropped sharply in New York today after the carrier announced news of a fourth quarter loss.

Matthew Neill, 10 March 2017
Hannover Re predicts limited impact from Ogden

Hannover Re may prop up its motor excess-of-loss reserves following the change to the UK Ogden rate, but believes the ultimate losses will not materially affect the company, according to CEO Ulrich Wallin

Matthew Neill, 10 March 2017
Lighthouse chairman buys 85% of Florida’s Prepared

An investment vehicle owned by Lighthouse Property Insurance Corporation president and chairman Patrick White has emerged as the buyer of Floridian carrier Prepared Holdings, The Insurance Insider can reveal

David Bull, 10 March 2017
Gen Re moves closer to India licence

Berkshire Hathaway-owned reinsurer Gen Re has reportedly cleared the second stage of the approval process to write business in India.

Matthew Neill, 10 March 2017
Allianz names new CFO in board reshuffle

Allianz has reshuffled its supervisory board and appointed Giulio Terzariol as its new CFO, with effect from next year

Matthew Neill, 10 March 2017
LIU names Egnell as SVP for global financial risk

Liberty International Underwriters (LIU) has transferred Alexandre Egnell to New York from its Paris office to develop a global financial risk (GFR) offering in North America.

Dan Ascher, 10 March 2017
FedNat falls to net loss on Matthew and AOB losses

Federated National fell to a net loss of $12.1mn for the fourth quarter from a net profit of $9.3mn in the prior-year period as its bottom line was hit by Hurricane Matthew claims and attritional losses related to the assignment of benefits (AOB) crisis.

David Bull, 10 March 2017
Flood programme reform process kicks off in Congress

Opening the US flood risk market to wider participation by insurers won bipartisan support in the last Congress and lawmakers are looking for similar success this year

Ted Bunker, 10 March 2017
AssuredPartners agrees deal to buy Keenan & Associates

Expansive US broker AssuredPartners has agreed to acquire Keenan & Associates in a cash and stock deal.

David Bull, 10 March 2017

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