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  • CNA named Nick Creatura as president and CEO of its Canadian operation after recruiting him from RSA, where he was executive vice president and chief financial officer for Canada
  • Texas-based MGA and insurance exchange MarketScout has announced the formation of a $25mn venture fund for tech-enabled insurance distribution.
  • The UK government shocked carriers today by announcing a far steeper-than-expected cut to the discount rate shaved off lump-sum personal injury compensation, to send shares in the sector down as Novae and Direct Line gave profit warnings
  • Insurers could face additional earnings pressure and further reserve strengthening as a result of a cut to the so-called Ogden rate, which is expected to be announced later this month.
  • It was one of those smash-your-face-into-your-keyboard moments.
  • XL Catlin has signed up to technology accelerator Startupbootcamp's InsurTech programme, as the Bermudian joins a growing list of insurers participating in the scheme.
  • The Lloyd's Market Association has called for legislation to align the use of drones with manned aircraft to make the growing sector easier to insure.
  • Talanx has agreed to a EUR30.0mn ($34.6mn)) deal to acquire Generali’s majority stake in it two Colombian units as the Italian carrier continues to divest non-core assets.
  • London market carrier Novae has named Reeken Patel as its new group chief financial officer and executive director, subject to regulatory approval.
  • European legacy acquirer Darag has appointed Macquarie to advise on an equity raise as it looks to secure funds for its deal pipeline, The Insurance Insider understands.