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Casserley to depart with $21mn

Willis Towers Watson deputy CEO Dominic Casserley will receive a payout of up to $21mn when he leaves the firm at the end of the year, the Financial Times has reported.

Charlie Thomas, 22 November 2016
Japan shaken by magnitude 7.4 quake

A magnitude 7.4 earthquake struck the eastern coast of Japan at 6am local time today

Charlie Thomas, 22 November 2016
Towergate posts positive Ebitda growth in Q3

Towergate today posted a 5.9 percent increase in adjusted Ebitda to £19.4mn ($24.0mn) in Q3, its first quarter of positive year-on-year growth since its financial restructuring in 2015.

Catrin Shi, 22 November 2016
Rockhill launches Upton cat unit challenged by Everest

Rockhill Insurance Group has officially launched the excess and surplus (E&S) property unit being set up by former Everest National executive Tracy Upton and his team after fighting off a legal challenge.

Ted Bunker, 22 November 2016
DE Shaw plans James River share sale

Shares of James River Group Holdings are set to be sold by affiliates of DE Shaw & Co in a secondary offering underwritten by Morgan Stanley, the Bermuda specialty carrier said late today.

Ted Bunker, 22 November 2016
New York cybersecurity rule deemed excessive by industry

Insurers have raised objections to proposed New York state cybersecurity regulations, claiming the planned rules are too onerous and inflexible.

Ted Bunker, 21 November 2016
TigerRisk taps Willis Re for Hong Kong CEO

TigerRisk has hired Willis Re's Xuejun Wang to become CEO of Hong Kong subsidiary TigerRisk China Partners

Catrin Shi, 21 November 2016
Munich Re provides capacity to InsurTech firm Wrisk

Munich Re has entered into an agreement that will make it the sole capacity provider for InsurTech firm Wrisk's business written in the UK, Europe and the US

Catrin Shi, 21 November 2016
Gable accuses PwC of ‘falsehood’ over meeting claims

Gable has accused its special administrator PwC Switzerland of "falsehood" in saying that the Lichtenstein-based insurer's lone shareholder was represented at a recent meeting

Charlie Thomas, 21 November 2016
Blue Capital fund takes $7mn Matthew loss

Endurance's third party capital management platform Blue Capital reported that its London-listed reinsurance fund took $6.8mn of losses in October that were primarily linked to Hurricane Matthew

Fiona Robertson, 21 November 2016

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