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Court of Appeal favours insurers in cocaine boat claim

The UK Court of Appeal has ruled that 14 insurers will not have to pay a constructive total loss claim on a war risks policy for a boat implicated in cocaine smuggling in Venezuela.

Matthew Neill, 08 August 2016
Insureds to break longstanding relationships: Marsh

Big three broker Marsh has warned insurers that some of its clients may look to break longstanding relationships as the market shows signs of flattening out

Dan Ascher, 08 August 2016
UK motor rates jump 10% Y/Y

UK private comprehensive motor insurance rates increased by 10 percent year-on-year in the second quarter of 2016, according to the Association of British Insurers (ABI)

Matthew Neill, 08 August 2016
Irdai outlines executive pay guidelines

The Insurance Regulatory and Development Authority of India (Irdai) has unveiled new guidelines on remuneration for carriers' executive and management teams.

Matthew Neill, 08 August 2016
ILS specialist Jackson joins RFIB

Glenn Jackson has joined independent broking house RFIB Group as a managing director of RFIB Americas

Lucy Jones, 08 August 2016
Profits more than double at Enstar

Legacy-to-live carrier Enstar has reported pre-tax profits of $58.3mn in the second quarter, more than twice the $24.0mn it recorded in the prior year period.

Charlie Thomas, 08 August 2016
AIG offloads NSM stake

AIG has offloaded a controlling stake in managing general agent and insurance programme administrator NSM Insurance Group, just over a year after it took over the firm.

Dan Ascher, 06 August 2016
Berkshire Hathaway returns to underwriting profit in Q2

Berkshire Hathaway's insurance and reinsurance operations posted a combined $337mn underwriting profit for the second quarter compared to a $38mn loss for the same period last year.

Dan Ascher, 06 August 2016
Greater flexibility needed from private capital: report

Managing agents have overwhelmingly backed the on-going role of private capital in the Lloyd's market, but would like to see greater flexibility around the way it is brought to bear, according to a survey conducted by the Association of Lloyd's Members.

Charlie Thomas, 05 August 2016
Reeves joins Neon as CRO

Olly Reeves is set to join American Financial Group's revamped Lloyd's business Neon as chief risk officer, the company announced today.

Matthew Neill, 05 August 2016

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