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Berkley launches transactional business with Chubb Hire

WR Berkley subsidiary Berkley Professional Liability is set to launch a transactional division with the hire of Randy Hein from rival Chubb, The Insurance Insider can reveal

Dan Ascher, 06 September 2016
Ledger targets broader insurer ILS use

Ledger Investing, the start-up led by former AIG head of capital markets Samir Shah, is aiming to disrupt the insurance industry not by targeting new client-facing or distribution innovations but by starting with back-end operations

Fiona Robertson, 06 September 2016
Second tranche of SIMR delayed as deadline looms

The UK's Prudential Regulation Authority (PRA) has admitted that parts of the Senior Insurance Managers Regime (SIMR) are not yet in place even though it has now passed its own summer deadline

Winifred Okocha, 06 September 2016
Biba UK SME flood scheme falls behind schedule

The British Insurance Brokers' Association (Biba) is now looking at a September start for its flood insurance initiative for UK businesses and property owners

Winifred Okocha, 06 September 2016
Window shopping

You know the high-end boutiques in very expensive neighbourhoods?

Mark Geoghegan, 06 September 2016
Pembroke leads $285mn SpaceX loss

Lloyd's managing agent Pembroke is the lead underwriter for the $285mn loss caused by the explosion of a SpaceX rocket in Florida last week, The Insurance Insider can reveal

Matthew Neill, 06 September 2016
Soft market to extend into 2017, but pain easing

With Hurricane Hermine ultimately proving something of a false alarm, discussions at Monte Carlo later this week are likely to set the industry on a path towards a still-soft, but relatively stable 1 January renewal

David Bull, 06 September 2016
AM Best: Global reinsurance RoE falls to 7.7%

The reinsurance sector's average return on equity (RoE) fell to 7.7 percent in the first half of 2016, 2 percentage points below the five-year average, according to AM Best.

Catrin Shi, 06 September 2016
Sartawi to lead Aon Benfield Middle East

Aon Benfield has promoted Amr Sartawi to CEO for the Middle East region.

Charlie Thomas, 06 September 2016
Sompo chief brushes off Brexit concerns

The UK's Brexit vote has not dampened the appetite of Japanese big three carrier Sompo to invest in London, according to chief executive Kengo Sakurada.

Catrin Shi, 06 September 2016

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