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  • RenaissanceRe's CFO and COO Jeffrey Kelly is set to retire, the Bermudian carrier announced in a statement today (12 July).
  • The West of England marine protection and indemnity (P&I) club improved its combined ratio by 13.8 percentage points to 83.6 percent for the year to 20 February 2016 thanks to a continued benign claims environment
  • Berkshire Hathaway Specialty Insurance (BHSI) has launched a new professional liability offering for US architects and engineers (A&E) with a $25mn line size, the carrier announced today (12 July).
  • US insured losses caused by natural catastrophes hit $11bn during the first half of 2016, primarily due to storms in Texas and neighbouring states, according to Munich Re
  • Aspen's insurance subsidiary has hired Nicky Alexandru to lead its crisis management unit in the US, the carrier announced today (12 July).
  • Specialist binding authority broker Capsicum Delegated Authority has announced today (12 July) that Paul Godfrey will join as a director
  • Insured losses from natural catastrophes in the first half of 2016 reached $27bn, some 42 percent more than in the same period of last year, according to data from Munich Re
  • Outgoing Munich Re CEO Nikolaus von Bomhard has said he will not move to a rival carrier after his tenure at the reinsurer comes to an end in 2017
  • Munich Re has partnered with New York-based "InsurTech" start-up Slice Labs to distribute its on-demand insurance products in the US, the company announced today (12 July).
  • The China Insurance Regulatory Commission (CIRC) is expected to finalise a list of domestic systemically important insurers this year, the South China Morning Post has reported