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Vibe picks up Navigators’ North American D&F book

Navigators has sold its North American property direct and facultative (D&F) team along with the renewal rights for the book to Soros- and Pine Brook-backed Lloyd's managing agent Vibe, The Insurance Insider can reveal.

Adam McNestrie, 05 January 2017
Reserves approaching inflection point: Flandro

Industry reserve levels are "very, very close" to reaching a point where they are no longer sufficient, according to JLT Re's global head of analytics David Flandro.

Matthew Neill, 05 January 2017
Icat and Neon team up on D&F large property accounts

Icat's Lloyd's Syndicate 4242 and Neon have entered into a reciprocal capacity arrangement that will bring up to $40mn of new per account limit to the Bermuda property direct and facultative (D&F) market

David Bull, 05 January 2017
Property cat rates down 3.7% at 1.1: Guy Carp

Global property cat reinsurance rates fell by 3.7 percent on average at 1 January, according to Guy Carpenter's rate-on-line index.

Fiona Robertson, 05 January 2017
R&Q acquires Clariant captive

Randall & Quilter (R&Q) has acquired a captive from Swiss chemical giant Clariant, the third deal the legacy-to-live carrier has announced in less than a month.

Dan Ascher, 05 January 2017
Besso’s Bird to relinquish CEO role after BGC takeover

Colin Bird will step down as CEO of London market broker Besso following the close of the company's acquisition by BGC Partners.

Matthew Neill, 05 January 2017
Willis Towers Watson hires London product recall director

Willis Towers Watson has hired George Beattie from CFC Underwriting as divisional director for product recall in London, The Insurance Insider has learned

Catrin Shi, 05 January 2017
CIRC sets compliance standards

The China Insurance Regulatory Commission (CIRC) has introduced a set of new compliance regulations as part of its push to improve governance in the industry.

Catrin Shi, 05 January 2017
AGCS replaces hull and marine liability product head

Allianz Global Corporate & Specialty (AGCS) has named Baptiste Ossena as global hull and marine liability product leader following the departure of Sven Gerhard on 1 January

Laura Board, 05 January 2017
Great American hires Asia marine head

Great American Insurance has hired former Ace executive Choi Moon Kee as director of marine and client relationship management at its Singapore branch.

Laura Board, 05 January 2017

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