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Marsh ousts Aon to win $100mn flood insurance contract

Marsh has wrested a US National Flood Insurance Program contract away from rival Aon after a months-long battle the two giants fought in Washington over the approximately $100mn plum deal.

Ted Bunker, 31 January 2017
Hiscox pulls out of political risk

Hiscox has placed its political risk insurance book into run-off, The Insurance Insider can reveal. Normal 0 false&

Bernard Goyder, 30 January 2017
London market 'could withstand $200bn event'

The London market would be able to survive two major events incurring cumulative insured losses of $200bn, according to a stress test exercise conducted by an industry steering group.

Lucy Jones, 30 January 2017
Axis hires two to London cyber team

Axis has hired Neil Arklie and Delvin Tillett to join its London cyber team following the departure of a handful of staff in the second half of last year

Catrin Shi, 30 January 2017
Madison Dearborn set to inject £40mn into Towergate

Towergate is poised to raise an additional £40mn ($42.8mn) of equity, with existing private equity backer Madison Dearborn Partners (MDP) offering to buy the newly issued shares

Laura Board, 30 January 2017
Aspen to take underwriting loss after profits warning

Aspen has warned investors that it will announce an underwriting loss of $30mn for the fourth quarter of 2016 at its insurance arm, as a result of portfolio restructuring and increased loss activity

Catrin Shi, 30 January 2017
JLT Re’s Pang becomes Philippines MD

Reinsurance broker JLT Re has hired William Pang to the new role of managing director of JLT Re Philippines

Laura Board, 30 January 2017
Aegis London strikes marine MGA deal

Aegis London has entered a partnership with The Meco Group, a specialist marine insurance managing general agent (MGA), it announced today.

Catrin Shi, 30 January 2017
AM Best cuts Singapore Ergo unit outlook to negative

AM Best has revised the outlook for the Singaporean unit of Ergo to negative from stable, while affirming its A- financial strength rating and its a- long-term issuer credit rating

Laura Board, 30 January 2017
BP Marsh buys stake in Canadian casualty specialist

Financial services investor BP Marsh has arranged to acquire a 30 percent stake in Canadian casualty specialist Stewart Specialty Risk Underwriting Ltd (SSRU), the UK group announced today.

Catrin Shi, 30 January 2017

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