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Arch’s Iordanou calls out reserves ‘cheating’

Arch Capital chairman and CEO Dinos Iordanou has warned of "noise" in apparently strong balance sheets among insurers that have mispriced risk.

Laura Board, 09 February 2017
Organic revenues decline 3% in key Willis unit

Willis Towers Watson's Investment, Risk and Reinsurance (IRR) division reported a 3 percent organic decline year-on-year in commissions and fees to $260mn in the fourth quarter of 2016

Charlie Thomas, 09 February 2017
Charles Taylor InsureTech invests in Otak platform

Charles Taylor InsureTech has acquired a majority stake in Otak, an insurance technology platform business specialising in delegated authority solutions

09 February 2017
CIRC warns against reckless investing: reports

The China Insurance Regulatory Commission (CIRC) has accused some Chinese insurers of behaving irresponsibly when investing overseas, according to the official Securities Times

Charlie Thomas, 09 February 2017
Liberty syndicate business expands into onshore energy

Liberty Specialty Markets is to expand its syndicate business in Lloyd's to include onshore energy and construction, it announced today.

Charlie Thomas, 09 February 2017
Suncorp’s NZ reinsurance recoveries approach A$1bn

Suncorp posted A$908mn ($692mn) in reinsurance and other recoveries for its New Zealand operations in the half-year to 31 December

Fiona Robertson, 09 February 2017
Fairfax Financial to acquire NZ carrier Tower

Canadian conglomerate Fairfax Financial has agreed to buy New Zealand insurer Tower for NZ$197mn ($143.9mn).

Laura Board, 09 February 2017
Novae names Trueman as chief innovation officer

Novae has promoted Dan Trueman to the newly created role of chief innovation officer, the carrier announced today.

Charlie Thomas, 09 February 2017
Talbot establishes trio of terror facilities

Validus' Lloyd's operation Talbot Underwriting has launched three Lloyd's-led terror facilities in Singapore, Latin America and Dubai.

Matthew Neill, 09 February 2017
Zurich Global Corporate loss narrows in Q4

Zurich Global Corporate reported an operating loss of $38mn, though group profits rose 167 percent year-on-year.

Matthew Neill, 09 February 2017

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