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XL Catlin doubles terror limits

XL Catlin has doubled the limits it offers for standalone terror cover to $200mn and added liability coverage for events involving an active assailant.

Dan Ascher, 25 February 2016
BB&T agrees to buy Swett & Crawford for $500mn

BB&T Corporation has agreed a deal to buy US wholesaler Swett & Crawford from Cooper Gay (CGSC) for $500mn in cash after winning out in a sales process against private equity bidders.

David Bull, 25 February 2016
Suits mount as JLT Specialty sued over US staff raids

A permanent injunction is being sought against JLT Specialty Insurance Services (JLT Specialty USA), its CEO and other senior executives after multiple raids by the broker resulted in the departure of 55 Aon employees.

Catrin Shi, 24 February 2016
Finn working with backers to block Sciemus takeover

Ousted Sciemus CEO Andre Finn is in discussions with potential backers in a bid to block the takeover of the data analytics and underwriting management firm by a group of minority shareholders, The Insurance Insider can reveal.

24 February 2016
Pioneer launches operational power team

Minova Insurance-owned managing general agency (MGA) Pioneer Underwriters has launched a new operational power division with $40mn capacity, it announced today (24 February)

Catrin Shi, 24 February 2016
CGI wins EU weather catastrophe loss forecasting deal

Global technology firm CGI has been awarded a two-year contract by the European Centre for Medium-Range Weather Forecasts (ECMWF) to produce forecasts of future EU losses from windstorms and other catastrophes.

Matthew Neill, 24 February 2016
Google to shut down comparison offering

Google will close down its US and UK financial services price comparison offering Google Compare after one year, following its failure to take off

Matthew Neill, 24 February 2016
Zurich exploring potential sale of Asian business

Zurich is exploring the possibility of selling of its Hong Kong and Singapore operations as part of a review of its non-core businesses, according to Reuters.

Matthew Neill, 24 February 2016
Scor Global P&C continues GWP growth

Scor Global P&C continued its top-line growth in the fourth quarter, with gross written premiums (GWP) rising by 8.9 percent year-on-year to EUR1.37bn ($1.51bn)

Catrin Shi, 24 February 2016
National Interstate reserve strengthening pressures profits

A $10mn reserve strengthening exercise by Ohio-based motor carrier National Interstate pushed its combined ratio north of 100 percent for the fourth quarter.

Dan Ascher, 24 February 2016

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