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Neon hires casualty head

Rebranded Lloyd's syndicate Neon (formerly Marketform) has appointed Andrew Dougall as its first executive underwriter and head of casualty

Matthew Neill, 18 July 2016
Gable stock stabilises after trading recommences

Shares in Liechtenstein-based carrier Gable Holdings have risen in value this morning (18 July) after it recommenced trading on London's AIM market

18 July 2016
Homeowners Choice secures $972mn reinsurance cover

Homeowners Choice P&C Insurance Company has secured $972mn of catastrophe reinsurance coverage for the 2016-2017 year, according to Securities and Exchange Commission filings.

15 July 2016
Blue Capital eyes $5.1mn Q2 cat losses

Endurance-owned cat asset manager Blue Capital has estimated that it will incur losses of $5.1mn from catastrophe events in the second quarter, the company said yesterday (14 July).

Lucy Jones, 15 July 2016
AJ Gallagher acquires majority stake in Swedish broker

Global broker Arthur J Gallagher has acquired an 85 percent stake in specialist Swedish (re)insurance broker Brim AB, the company announced today (15 July).

Matthew Neill, 15 July 2016
AmTrust buys UK legal assistance MGA Arc Legal

AmTrust Financial subsidiary AmTrust International has announced the acquisition of UK and Ireland legal expenses managing general agent (MGA) Arc Legal Assistance.

15 July 2016
Capital demands put Gable’s future under spotlight

Troubled Liechtenstein-based carrier Gable Holdings' delayed 2015 annual results have revealed a Solvency II capital shortfall of £47mn and a full-year pre-tax loss of £24.3mn ($32.6mn).

Charlie Thomas, 15 July 2016
Argo expects $23mn of nat cat losses

Bermudian Argo has announced preliminary pre-tax cat losses of $23mn for the second quarter, net of reinsurance and reinstatement premiums.

Charlie Thomas, 15 July 2016
Qatar Re hires Zurich trio

Qatar Re has appointed former Zurich Middle East chief underwriting officer Manik Kak as senior executive officer in one of a trio of hires from the Swiss insurer.

Matthew Neill, 15 July 2016
Cincinnati Financial expects up to $170mn in Q2 cat losses

US insurer Cincinnati Financial said it expects its Q2 results later this month will include pre-tax catastrophe losses of $160mn to $170mn for the period.

David Bull, 15 July 2016

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