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O’Donnell replaces Catlin as ABIR chairman

RenaissanceRe president and CEO Kevin O'Donnell has been elected chairman of the Association of Bermuda Insurers and Reinsurers

Catrin Shi, 08 December 2016
Novae closes down 24% after profit warning

Shares in Lloyd's carrier Novae have plummeted more than 24 percent today after the firm warned that larger individual risk losses will erode its underwriting profitability for the full year.

Laura Board, 08 December 2016
IQ Winter 2016

Are the global reinsurance and wholesale specialty markets bound to succeed over the longer term?

Mark Geoghegan, 08 December 2016
‘Out of control’ litigation threatens Florida’s Citizens

The long-term financial stability of Florida's Citizens Property Insurance Corporation is threatened by the surging water losses and assignment of benefits (AOB) crisis dogging the state.

David Bull, 08 December 2016
Deadly Indonesian quake losses seen as minimal: AIR

A 6.5 magnitude earthquake that rocked Indonesia and killed almost 100 people today may nonetheless produce minimal insured losses, according to modelling firm AIR Worldwide.

Dan Ascher, 08 December 2016
Aon said to eye sale of benefits outsourcing business

Aon is reportedly eying the sale of a substantial part of the Hewitt business it acquired just six years ago, leading to questions about the company's focus going forward and how it may use cash generated by a $5bn deal.

Ted Bunker, 08 December 2016
US storms add to November cat toll for insurers: Aon Benfield

Scattered thunderstorms in the south of New Mexico and western Texas early last month added to a November of insured losses dominated by the Kaikoura earthquake in New Zealand, Aon Benfield said in its monthly catastrophe report.

Laura Board, 07 December 2016
Wilson to succeed Cloutier as Brit CEO

Brit Insurance CEO Mark Cloutier will step down from the role and become executive chairman at the end of the year, The Insurance Insider can reveal

Adam McNestrie, 07 December 2016
Swiss Re names Hudzik North American casualty head

Mike Hudzik will become head of Swiss Re's North American casualty unit from 1 January, replacing Nancy Bewlay who will leave the company following a transitional period, the company said yesterday (6 December).

Laura Board, 07 December 2016
Gruber takes over from Larson at Great American

Gary Gruber will take the position of president and COO of American Financial Group subsidiary Great American from 1 January 2017.

David Bull, 07 December 2016

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