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  • StarStone hires Sompo crisis chief; Barbican rebuilds cyber team; Generali ‘eyes cost cuts'; Aon to use Hewitt proceeds for M&A, buybacks; Marine market faces $25mn war loss; OIL pulls Gulf of Mexico wind offering; Price Forbes picks up JLT life sciences team
  • Cincinnati Insurance expanded a collateralised reinsurance deal to $200mn in size after its $100mn Skyline Re cat bond matured, the company said on an earnings call.
  • Speakers at InsiderScope London called for market discipline from carriers and brokers, as the panel acknowledged the industry was treading on thin ice when it came to profitability.
  • Modelling agency RMS has said that annual average losses for US hurricane activity will come in notably lower under the 2017 update to its medium-term storm model.
  • The threat - and opportunity - of technology for the (re)insurance market was a consistent theme during discussions at The Insurance Insider's InsiderScope London event last week, as executives called for the market to embrace change wholeheartedly.
  • AmWins CEO Steve DeCarlo has given a wide-ranging defence of the role of the wholesale broker, as the sector continues to look for signs of a credible disrupter.
  • Friday night (10 February) brought a spectacular end to probably the most important insurance dispute of a generation as New York's Attorney General (AG) announced that former AIG boss Maurice "Hank" Greenberg had admitted to involvement in two fraudulent transactions during his decades-long tenure.
  • Proposed changes to the credit risk charge in the National Association of Insurance Commissioners (NAIC)'s risk-based capital (RBC) calculation could give the highest-rated reinsurers a competitive advantage.
  • Specialty insurer Ironshore is likely to significantly curtail its use of reinsurance following its sale to Liberty Mutual
  • Tom Bolt, Berkshire Hathaway Specialty Insurance's UK and Southern Europe CEO, has access to the biggest insurance balance sheet in the world and the mandate to build a sizeable specialty insurance business in London.