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Perils quadruples Italian quakes loss estimate

Risk modelling agency Perils said it now expects the series of earthquakes that hit central Italy in late October to generate a property insurance market loss of EUR125mn ($134.2mn).

Laura Board, 26 January 2017
Generali replaces CFO Minali

Italian insurer Generali said late on Wednesday (25 January) it had terminated the contract of CFO Alberto Minali.

Matthew Neill, 26 January 2017
RLI comfortably beats forecasts with Q4 profit

RLI Corp reported operating earnings of $24.9mn for the final quarter of last year, marking a slight improvement on the same period in 2015 when it recorded profits of $24.6mn.

Dan Ascher, 26 January 2017
CNA hires technology and operations head

CNA has hired Axis Capital's Joseph Merten as executive vice president of technology and operations as new chairman and CEO Dino Robusto continues his overhaul of the business.

Dan Ascher, 26 January 2017
Bermuda insurers face threats from Trump: Fitch

An overhaul of US tax laws twinned with the protectionist measures touted by newly installed US president Donald Trump pose a threat to Bermuda’s reinsurance community, rating agency Fitch has warned.

Dan Ascher, 26 January 2017
Zurich names leaders for revamped North American unit

After combining its commercial markets and global corporate business units in North America, Zurich has named the new organisation’s leadership team under Paul Horgan, who was regional global corporate head.

Ted Bunker, 26 January 2017
US D&O rates down 6.7% despite record increase in litigation

The price of insurance coverage for US directors and officers (D&O) fell by almost 7 percent in the fourth quarter despite a record uptick in class action claims for 2016, Marsh has said.

Dan Ascher, 26 January 2017
Sirius launches in primary surety and environmental with new hires

Sirius Group has launched primary surety and environmental platforms in the US with leadership hires from Tokio Marine HCC and Great American, The Insurance Insider can reveal.

David Bull, 25 January 2017
Alliant hires Marsh’s Young

Alliant Insurance Services picked up another Marsh executive this month with the appointment of Ted Young as a senior vice president (SVP) in its Alliant Americas middle-market division.

Ted Bunker, 25 January 2017
Vizion unveils partnership model for disenchanted brokers

Vizion Insurance Brokers, launched today by former Bluefin chairman Chris Blackham and ex Chubb high net worth lead John Sims, is offering a new model for entrepreneurial brokers to set up on their own

Charlie Thomas, 25 January 2017

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