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O’Connor promoted to lead Willis GB business development
Global broker Willis Towers Watson today named Mary O'Connor as head of client and business development in Great Britain
Matthew Neill
,
14 December 2016
XL Catlin adds BI to terrorism cover
XL Catlin has launched a new business interruption (BI) product for terrorism risk, covering both actual and threatened attacks.
Laura Board
,
14 December 2016
Brokers may pay extra FSCS levy for using unrated carriers
The UK Financial Conduct Authority (FCA) is considering placing an additional levy on brokers that place business with unrated carriers
Catrin Shi
,
14 December 2016
Heritage builds M&A warchest
Florida's Heritage Insurance signalled that more M&A is in sight with an announcement that it will sell $79.5mn of debt
Laura Board
,
14 December 2016
RAA calls for covered agreement conclusion
The Reinsurance Association of America (RAA) has urged the European Union (EU) and US to finalise a covered agreement for prudential (re)insurance supervision, as talks on regulatory equivalency rumble on.
Matthew Neill
,
14 December 2016
CIRC plans investment clampdown
The China Insurance Regulatory Commission (CIRC) has outlined plans for greater intervention in insurers' investment activities, and will monitor newcomers to the sector more closely, Caixin reported.
Laura Board
,
14 December 2016
Commercial auto results may get worse before improving: AM Best
Underwriting results on US commercial auto business may get worse before corrective measures by carriers have any meaningful impact on performance, AM Best warned today.
David Bull
,
14 December 2016
IG reinsurance set for reductions across programme
The reinsurance renewal for the International Group (IG) of protection and indemnity clubs will include rate reductions across all layers of the programme and on its excess war cover.
David Bull
,
14 December 2016
Guy Carp taps ex-NorthAm chief to build strategic unit
A former president of Marsh’s US and Canada segment, Rob Bentley, has returned to the group’s reinsurance broking arm Guy Carpenter to lead its newly formed global strategic advisory organization.
Dan Ascher
,
14 December 2016
RenRe CIO and treasurer Fonner leaves
RenaissanceRe has promoted two executives to replace Todd Fonner as chief investment officer and treasurer after he decided to leave the company on 31 March to pursue other interests, said the Bermudian.
Ted Bunker
,
14 December 2016
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