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Marsh: UK and Middle East suffer widest softening in EMEA

The UK and the Middle East have seen widespread softening of up to 10 percent across virtually all major lines of business, according to global broker Marsh.

Catrin Shi, 22 February 2016
US commercial property rates set to fall further

Rate decreases in the US commercial property market show no signs of stopping, according to a new report from Marsh.

Dan Ascher, 22 February 2016
Competition squeezes US casualty rates in 2015

Strong competition and high levels of capacity for US casualty risk again put pressure on prices in 2015, leading to rate reductions of up to 10 percent, according to a study by Marsh.

Dan Ascher, 22 February 2016
Broker organic growth accelerates in Q4

The big three international (re)insurance brokers reported soaring organic growth figures as well as increased operating margins in the final quarter of 2015.

Iulia Ciutina, 22 February 2016
Bermudian Q4 underwriting performance deteriorates

The Bermuda composite's combined ratio climbed to 87.8 percent in the fourth quarter of last year, deteriorating from 83.1 percent in Q4 2014.

Iulia Ciutina, 22 February 2016
No replacement for Cathedral CEO

Outgoing Cathedral Capital CEO Peter Scales will not be replaced following his departure at the end of March, The Insurance Insider can confirm.

Catrin Shi, 22 February 2016
Indian government considering 49% FDI: reports

The Indian government is considering increasing the level of automatically permitted foreign direct investment (FDI) for insurers to 49 percent, according to The Indian Times.

Matthew Neill, 22 February 2016
News digest

Allied World casualty hire; Downey joins Everest; Winston lashes Fiji; New non-exec at RenRe; Allianz books EUR163mn storm loss; Lancashire Q4 profits down a third; IAG buys ADC; IAG buys ADC; Brit profit slump; Allied World execs buy stock after Q4 rout; Duperreault takes Hamilton chair; Eiopa 2016 priorities; Pool Re hires; Schreiber and Maag depart; RLI cyber launch; Phoenix back to ashes; Brit ups Ambridge line; ArgoGlobal appointment; Markel Catco COO.

Catrin Shi, 22 February 2016
ProSight at Lloyd’s management overhaul underway

ProSight at Lloyd's has continued to reshape its management team as it attempts to move on following the ouster of managing director Bernard Mageean last September.

Adam McNestrie, 22 February 2016
LMG begins search for permanent CEO

The London Market Group (LMG) has formally launched the search for a successor to interim CEO Ben Reid, The Insurance Insider understands.

Adam McNestrie, 22 February 2016

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