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Wright departs in Willis Towers Watson overhaul

Willis Towers Watson today announced a string of management changes that will see Tim Wright, head of corporate risk and broking, leave the firm.

Catrin Shi, 27 October 2016
XL will not lose business from P&C shake up: McGavick

XL's P&C restructure, which will result in the departure of some senior staff, should not lead to the loss of any business, CEO Mike McGavick has said.

Catrin Shi, 27 October 2016
London-listed carriers’ stock drops

In our expanded coverage universe, last week's biggest share price falls were seen at London-listed insurers, with Admiral, Charles Taylor and Novae all suffering declines

Iulia Ciutina, 27 October 2016
Irdai clears way for ITI Re

The Insurance Regulatory and Development Authority of India (Irdai) has given second-round approval for the launch of the country's first private reinsurer, ITI Re.

Catrin Shi, 27 October 2016
AJG UK retail CEO exits after FCA delay

Stuart Reid, the UK retail CEO at AJ Gallagher, is to leave the broker after waiting for more than a year for Financial Conduct Authority (FCA) approval.

Charlie Thomas, 27 October 2016
Ransomware hacks could balloon: Beazley

Cyber-attacks involving malicious software that locks a targeted device until the owner or user pays to free the hacked unit are expected to quadruple this year, according to market leader Beazley.

Ted Bunker, 27 October 2016
WCMA makes senior M&A hire

Willis Capital Markets & Advisory (WCMA) has hired Daniel Ohana from Bank of America Merrill Lynch as senior vice president

Catrin Shi, 27 October 2016
Italy suffers two more quakes

Two concurrent earthquakes struck Italy in the early hours of yesterday evening around 70km from the epicentre of the magnitude 6.2 quake in August

Catrin Shi, 27 October 2016
Scor Global P&C Q3 income misses consensus

Scor Global P&C's third quarter operating income fell 17 percent to EUR166mn ($181mn), down 14 percent against the analyst consensus.

Catrin Shi, 27 October 2016
Axis profits more than triple in Q3

Axis saw operating income more than triple in the third quarter as it reported profits of $161mn, up from the $51mn it reported for the same period last year.

Dan Ascher, 27 October 2016

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