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Reinsurers to swallow further reductions at 1.1

As the 1 January renewal process enters its last fortnight a picture is emerging of greater downwards pressure on pricing for property than for casualty, and of the US market bottoming out faster than the international segment.

Adam McNestrie, 13 December 2016
Novae hires Steadman as cargo head

Lloyd's carrier Novae has appointed Helen Steadman as its new head of cargo

Matthew Neill, 13 December 2016
Greenberg loses Supreme Court bid to block NY trial

Former AIG CEO Maurice "Hank" Greenberg has failed to block a New York State fraud case against him as the US Supreme Court declined to hear his argument for overturning a lower court ruling that ordered him to stand trial on the civil charges

Ted Bunker, 13 December 2016
Noonan sells $15mn of Validus stock

The chairman and CEO of Validus Ed Noonan has sold 273,000 shares in the Bermudian carrier worth about $15mn as of Monday's close

Matthew Neill, 13 December 2016
Clarification: Guy Carp promotes Nash to lead international group

Guy Carpenter promoted James Nash into the newly created role of president, international, reporting to the reinsurance broker's president and CEO Peter Hearn.

Ted Bunker, 13 December 2016
Generali hires Ryan as chief investment officer

Italian insurer Generali named Timothy Ryan as group chief investment officer.

Laura Board, 12 December 2016
London carriers fall as Novae contagion spreads

London (re)insurers Beazley, Hiscox and Lancashire have suffered drops in their share prices today as investors re-evaluated the stocks in the wake of Novae's profit warning last week

Matthew Neill, 12 December 2016
Aspen Re expands sidecar to $130mn

Aspen Re has increased the size of its sidecar, Silverton Re, to $130mn for 2017, it announced today

12 December 2016
Aspen Insurance hires London casualty chief

Aspen's insurance arm has appointed Leanne Bellows as its head of global casualty in London

Matthew Neill, 12 December 2016
Neon appoints Hulst as NED

Former Ariel Re CEO Tom Hulst has joined Neon Bermuda as a non-executive director

Matthew Neill, 12 December 2016

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