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Morgan Stanley: Reinsurers to take $2bn-$5bn wildfire hit

Reinsurers could take on between $2bn and $5bn of losses from the Alberta wildfires, according to estimates from Morgan Stanley.

Catrin Shi, 01 June 2016
Lloyd’s Dubai business to increase by 30%

The volume of business transacted through the Lloyd's Dubai platform is expected to grow by a third this year, the Corporation has confirmed.

Winifred Okocha, 01 June 2016
Hinz leaves Tokio Millennium Re

Michael Hinz, head of underwriting and operations for Tokio Millennium Re in Europe, has left the company, The Insurance Insider has learned

Catrin Shi, 01 June 2016
Aspen appoints onshore energy and construction head

Aspen Insurance has hired Erik Armellino as international head of onshore energy and construction, the company announced today (1 June)

Matthew Neill, 01 June 2016
AIA calls for quick harmonisation of supervision

The American Insurance Association (AIA) has called for US and European regulators to quickly agree a deal that would recognise each continent's supervisory regime for (re)insurers, after the latest round of negotiations ended last week without a deal concluded.

Winifred Okocha, 01 June 2016
PIB announces CIB acquisition

UK broker consolidator PIB Insurance Brokers announced today (1 June) that it had acquired Guernsey-based Channel Insurance Brokers (CIB) for an undisclosed sum

Matthew Neill, 01 June 2016
Nexus builds trade credit team

Nexus Credit Indemnity & Financial Services (CIFS) has appointed Ed Cornish as senior underwriter in the single situation trade credit team, it announced today (1 June)

Catrin Shi, 01 June 2016
R&Q completes novation

Randall & Quilter (R&Q) has announced the novation of liabilities for the policy years 2003-2011 from Cayman Islands-based captive Westland Insurance Company.

Winifred Okocha, 01 June 2016
Argo hires casualty treaty underwriter

ArgoGlobal has appointed Luke Birtwistle as underwriter for casualty treaty, the Lloyd's insurer announced today (1 June)

Matthew Neill, 01 June 2016
The Hartford appoints A&H head

US insurer The Hartford has hired Jim Villa as head of its accident and health (A&H) unit, the company announced yesterday (31 May).

Matthew Neill, 01 June 2016

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