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Willis reports Q4 net loss despite 4.8% organic growth

Willis Group fell to a net loss of $24mn in the fourth quarter after reporting a $76mn profit in the same period of 2014, despite posting 4.8 percent growth in organic fees and commissions

Catrin Shi, 10 February 2016
Cyber market lacks expertise to cover physical damage

The cyber liability insurance market is not the proper home for property cover arising from cyber attacks, experts claimed during an industry conference today (9 February).

Catrin Shi, 09 February 2016
Severe January weather takes toll on insurers

Severe January weather has caused an estimated $4bn of total economic losses to the global economy, according to a report by Aon Benfield's catastrophe modelling arm Impact Forecasting.

Matthew Neill, 09 February 2016
Data remains problematic with internal models: PRA

Insurance companies have continued to encounter difficulties in adopting consistent data management in the internal model approval process (Imap), according to a Solvency II data review by the Prudential Regulation Authority (PRA).

Winifred Okocha, 09 February 2016
Integro boosts entertainment practice

Expansive global broker Integro has hired Kevin O'Shea to boost its entertainment practice in London.

Charlie Thomas, 09 February 2016
Darag: Legacy deals could hit EUR4bn in 2016

The European legacy market could see some EUR4bn ($4.5bn) in deals over the course of 2016, according to Darag CEO Arndt Gossmann

Catrin Shi, 09 February 2016
Former Towergate Underwriting CEO joins Primary Group

Former Towergate Underwriting CEO Clive Nathan is to join Bermuda-based investment holding company Primary Group, it was announced today (9 February).

Catrin Shi, 09 February 2016
Japanese big three hit by Far East market turmoil

The Japanese big three insurers - MS&AD, Tokio Marine and Sompo - all suffered heavily in trading overnight (9 February) as macro factors drove stock markets sharply down.

Iulia Ciutina, 09 February 2016
Scor reports 2% growth and modest rate falls at 1.1

European reinsurer Scor recorded a 2 percent increase in gross written premiums at constant exchange rates during the 1 January 2015 renewals, driven by new business in the US.

Charlie Thomas, 09 February 2016
BP Marsh continues share buyback strategy

Insurance venture capital firm BP Marsh bought back 38,612 shares for a total cash consideration of £56,580 for the year ended 31 January 2016, it announced in a trading update released today (9 February)

Winifred Okocha, 09 February 2016

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