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UK Supreme Court overturns London riots judgement

Insurers will face paying business interruption losses from the destruction of a Sony warehouse during the London riots of August 2011, after the UK Supreme Court overturned a previous ruling by the Court of Appeal.

Catrin Shi, 20 April 2016
Willis appoints satellite insurance head

Willis Towers Watson has named Mark Quinn as head of its specialist satellite insurance business Inspace with immediate effect.

Catrin Shi, 20 April 2016
QIC grows top line by 41% in Q1

Qatar Insurance Company (QIC) expanded its top line by 41 percent in the first quarter to $741mn, driven largely by premium growth at its reinsurance arm Qatar Re.

Catrin Shi, 20 April 2016
Macroeconomic issues affecting claims activity

Challenging macroeconomic conditions are causing a bump in claims activity as insurers experience substantial problems with increased fraud and product liability issues, according to law firm BLM

Matthew Neill, 20 April 2016
Record $2bn ILS issuance in Q1: WCMA

The first quarter of 2016 saw a record $2bn of non-life catastrophe bond issuance, according to Willis Capital Markets & Advisory (WCMA).

Catrin Shi, 20 April 2016
Beazley hires Benet from Gen Re

Lloyd's carrier Beazley has appointed Elizabeth "Libby" Benet to drive new business and product development at the specialty treaty team's partner solutions focus group

Charlie Thomas, 20 April 2016
LIU promotes Capicchioni to head of US railroad

Liberty International Underwriters (LIU) has appointed Robert Capicchioni as vice president in charge of its US railroad product line.

Charlie Thomas, 20 April 2016
CIRC to permit OTC listings for insurers

The China Insurance Regulatory Commission (CIRC) has drafted rules permitting insurance companies to list on an over-the-counter equity market

Catrin Shi, 20 April 2016
Irdai to make decision on foreign reinsurers

The Insurance Development and Regulatory Authority of India (Irdai) will decide within four months whether to licence four reinsurance entities to start operations in the country, according to local news outlet First Post

Catrin Shi, 20 April 2016
Allied World returns to reserve releases in Q1 earnings beat

Allied World reported a solid earnings beat for the first quarter as it returned to some sort of form after a challenging end to 2015.

David Bull, 20 April 2016

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