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  • GIC Re has named Alice Vaidyan as chairman and managing director, making her the first woman to be appointed to a chairman position in the Indian insurance industry.
  • AM Best has maintained Zurich's financial strength rating at A+ (superior) and its issuer credit rating at aa- despite a second successive quarterly profit warning from the carrier.
  • The biggest winter storm to hit the US east coast in decades is predicted to cause at least $1bn in damage, according to the National Weather Service
  • The Catco Reinsurance Opportunities Fund delivered an 11.58 percent gain for 2015 after UK flooding and US tornadoes impacted returns by 1.75 percent.
  • The spin-off of American International Group (AIG)'s $5bn+ mortgage insurance business would be "close to useless", according to Keefe, Bruyette & Woods (KBW) analyst Meyer Shields
  • Andrew Laing has been appointed CEO of Aon Benfield Fac, filling a role left vacant since Paul Summers resigned last June, sister title Inside FAC revealed yesterday (21 January)
  • AIM-listed Lloyd's private capacity provider Helios Underwriting has acquired Devon Underwriting, a limited liability member of Lloyd's, for £1.1mn, it announced today (22 January).
  • A surge of non-cat water loss claims is driving homeowners' insurance rates up in South Florida and increasingly across the state, according to analysis by Citizens Property Insurance Corporation.
  • Liberty International Underwriters (LIU) has appointed Diana Cossetti as head of its US casualty division, as the carrier looks to strengthen its management team after a string of senior defections to rival Aspen.
  • UK-based cyber security specialist Templar Executives Ltd has unveiled a partnership with Cyber Security Integrators (India) Pvt Ltd to provide online and specialised cyber security training and advisory services to Indian corporations and government agencies