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EPIC launches US construction specialty broker

Retail P&C broker Edgewood Partners Insurance Center (EPIC) has launched a national construction specialty group with the appointment of Brian McDonnell.

Dan Asher, 23 March 2016
McAuley to leave RT Specialty

Bob McAuley has resigned from his position as managing director at RT Specialty, Inside E&S can reveal.

David Bull, 23 March 2016
Worldwide stokes BB&T fire with Crump hires

Worldwide Facilities has taken a financial lines team from BB&T's wholesale arm just two weeks after settling a poaching dispute with the US group's latest acquisition Swett & Crawford, Inside E&S can reveal.

David Bull, 23 March 2016
Insurers avoid severe El Niño related losses

Volatile climate conditions caused by the El Niño phenomenon and North Atlantic Oscillation failed to significantly impact insurers in 2015, as global significant insured losses totalled around $30.5bn for the year, according to reinsurance broker Guy Carpenter.

Matthew Neill, 23 March 2016
Lloyd’s profits fell almost 30% in 2015

Pre-tax profits at Lloyd's fell by 29.6 percent to £2.1bn ($3bn) in 2015, the Corporation announced today (23 March).

Matthew Neill, 23 March 2016
More Lloyd’s carriers considering legacy disposals: Willis Towers Watson

Some 77 percent of Lloyd's businesses are considering legacy portfolio disposals, with more than half of firms based in Western Europe expecting to make at least one sale in the next three years, according to Willis Towers Watson.

Charlie Thomas, 23 March 2016
Talbot branches into Australian financial lines

Validus-owned Lloyd's carrier Talbot Underwriting has launched an Australian financial lines unit with two hires from Axis

Catrin Shi, 23 March 2016
Lloyd’s motor and life classes suffer underwriting loss

The accident-year combined ratio at Lloyd's motor segment deteriorated by 2.4 percentage points in 2015 to 109.5 percent

Winifred Okocha, 23 March 2016
Towergate makes 2015 loss following restructuring

UK broker aggregator Towergate fell to an Ebitda loss of £34.6mn ($49.5mn) in 2015 after a year of major restructuring

Catrin Shi, 23 March 2016
Lloyd’s marine and aviation performance continues to deteriorate

Marine and aviation underwriting performance at Lloyd's continued to deteriorate in 2015, as the sectors grappled with downward rate pressure driven by overcapacity in the market and consistently low oil prices.

Matthew Neill, 23 March 2016

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