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Generali legacy sale points to efficiency drive

Generali's push to remove EUR300-EUR400mn ($318mn-$424mn) of old US casualty liabilities from its balance sheet is indicative of a wider trend of carriers examining their back books in order to achieve higher operational efficiency

Catrin Shi, 17 January 2017
Insider View: Noreco energy claim

The news that a thinly reserved construction claim from 2009 - Noreco - could now cost energy insurers hundreds of millions of dollars will push the upstream market just that little closer to breaking point

Adam McNestrie, 17 January 2017
Insured losses reached $54bn in 2016: Aon Benfield

Global insured losses climbed to $54bn in 2016 as the industry suffered its sixth worst loss year of all time, according to Aon Benfield.

17 January 2017
Energy market prepares for $470mn Noreco fight

The upstream energy market has appealed to overturn a judgment that would force it to pay a claim worth $470mn that sources indicated was reserved until the fourth quarter in the low tens of millions

Adam McNestrie, 17 January 2017
The broking Jengameisters

The popular block-balancing game Jenga is a great way of instilling an understanding of risk management in young and old alike

Mark Geoghegan, 17 January 2017
Markel signs up Beazley to livestock consortium

Markel International has added Beazley as the fifth carrier on its livestock consortium, it announced today.

Bernard Goyder, 17 January 2017
XL Catlin appoints ceded reinsurance chief

XL Catlin has promoted Anne Middleton to manage its reinsurance placements globally, the company announced today.

17 January 2017
Turner named Pen Underwriting CEO

UK-headquartered managing general agency Pen Underwriting has appointed Jonathan Turner as its new chief executive to take over from current managing director Mark Armitage.

Matthew Neill, 17 January 2017
Berkshire Hathaway Specialty gains Malaysian licence

The specialty insurance division of Berkshire Hathaway has secured a licence to sell non-life reinsurance in Malaysia.

Bernard Goyder, 17 January 2017
Novae appoints Patel CFO

London market carrier Novae has named Reeken Patel as its new group chief financial officer and executive director, subject to regulatory approval.

17 January 2017

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