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  • Chubb has disclosed a $390mn pre-tax net loss from natural catastrophes in the second quarter, some $110mn more than budgeted
  • A major overhaul of Hyperion's MGA Dual has seen Stephen Manning appointed COO and senior market figures David Ibeson and Ralph Snedden brought in as non-executive directors
  • The London Market Group (LMG) is launching a white paper today (13 July) at a House of Commons roundtable to discuss the creation of a foreign aid catastrophe bond (FAB)
  • The insurance-linked securities (ILS) sector's largest fund manager Nephila has confirmed that partner David Oliveira has left the firm.
  • The state guarantee provided to French reinsurer Caisse Centrale de Reassurance (CCR) for natural catastrophe risks is under threat after a court ruled that the agreement would have to be approved by the EC or cancelled
  • 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).