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Probitas hires AGCS PI underwriter

Probitas 1492 has expanded its financial lines team with the hire of professional indemnity (PI) underwriter Kiran Wignall

Matthew Neill, 12 January 2017
Chinese premium growth accelerates in 2016

Chinese insurers recorded premium income of 3.1tn yuan ($448.6bn) in 2016, up by nearly a third on the previous year, according to the China Insurance Regulatory Commission (CIRC)

Matthew Neill, 12 January 2017
Pardus hires Paternoster to lead contingency push

London-based managing general agency (MGA) Pardus has hired Markel International's former co-joint managing director of specialty Wayne Paternoster, it announced this morning

Charlie Thomas, 12 January 2017
PICC vice chairman ‘in custody’: report

A vice chairman of the People's Insurance Company of China (PICC) has been taken into custody by authorities for unknown reasons, Caixin reported.

Laura Board, 12 January 2017
Enstar closes QBE legacy reinsurance deal

Enstar said it has closed a previously reported deal with QBE to reinsure a US multi-line property and casualty business with gross reserves of $919mn.

Ted Bunker, 12 January 2017
Professional liability offers promise amid peril: AM Best

New entrants have made the professional liability market increasingly competitive over the past five years while burgeoning risks from cyber threats and class-action lawsuits targeting executives and directors may squeeze future profits, according to AM Best.

Ted Bunker, 12 January 2017
RT Specialty promotes professional lines duo

RT Specialty, the wholesale broking segment of Pat Ryan-led Ryan Specialty Group, has promoted two executives within its professional lines division

Dan Ascher, 12 January 2017
Florida homeowners' headwinds to ease in 2017: JMP

The headwinds that buffeted the Florida homeowners' insurance market last year could begin to ease in 2017 and new tailwinds may emerge, according to JMP Securities analyst Matt Carletti.

David Bull, 12 January 2017
2016 a year of integration for Hyperion: Howden

Hyperion CEO David Howden has characterised 2016 as a year of integration, as his firm recorded 8 percent organic growth and revenues of £434mn ($525mn).

Charlie Thomas, 11 January 2017
Piracy falls to lowest level since 1998: IMB

A total of 191 incidents of piracy or armed robbery were reported in 2016, the lowest number since 1998, according to the International Marine Bureau (IMB).

Matthew Neill, 11 January 2017

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