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Travelers Q1 results hit by cat losses

Travelers was impacted by the return to a relatively normal level of catastrophe events in the first quarter, leading the US carrier to report a deterioration in its overall underwriting results.

25 April 2016
US pricing softens in Q1

Early Q1 reporters stressed that pricing pressure continued in the first three months of the year, with US carriers Travelers and RLI feeling the squeeze along with Bermudian Allied World.

Iulia Ciutina, 25 April 2016
BCAR changes could weigh against ILS markets

Willis Capital Markets & Advisory (WCMA) has suggested that upcoming changes to AM Best's Capital Adequacy Ratio (BCAR) methodology could penalise insurance-linked securities (ILS) markets over rated carriers.

Fiona Robertson, 25 April 2016
Twia may reduce 2016 reinsurance placement

The Texas Windstorm Association (Twia) may look to reduce its traditional reinsurance placement for 2016 after its reserve funds grew over the past year.

Fiona Robertson, 25 April 2016
LMG names Aubert as chairman

The London Market Group (LMG) has appointed Nicolas Aubert, head of Great Britain for Willis Towers Watson, as chairman, it announced today (25 April).

Winifred Okocha, 25 April 2016
Chubb tests ILS market appetite

Chubb sought to raise cover from insurance-linked securities (ILS) investors in its first reinsurance renewal after the amalgamation with Ace, sources told sister publication Trading Risk.

Fiona Robertson, 25 April 2016
Teachers’ sells $300mn+ ANV for $219mn

Ontario Teachers' Pension Plan has cashed out its investment in ANV for $218.7mn, landing it with a significant loss on its four-year investment, The Insurance Insider understands.

Adam McNestrie, 25 April 2016
Keegan leaves JLT Re for Aon Benfield

Aviation reinsurance broker Barry Keegan is set to leave JLT Re for Aon Benfield, The Insurance Insider can reveal.

Adam McNestrie, 25 April 2016
Hiscox Re’s Smith to return to London

Hiscox Re is looking for a new director of underwriting in Bermuda to replace Damien Smith, who is leaving the island to return to London, The Insurance Insider understands

David Bull, 25 April 2016
Willis Bermuda expands with Allied World hire

Willis Towers Watson has continued to build out its Bermuda presence with the hire of professional lines expert Trevor Ferguson from (re)insurer Allied World, The Insurance Insider can reveal.

David Bull, 25 April 2016

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