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BPL underlines independence with MD hires

James Esdaile and Sian Aspinall have been appointed joint managing directors at credit and political risk insurance broker BPL Global, in a move that underlines the firm's intentions to remain independent.

Charlie Thomas, 15 December 2015
The Insider 30

Share price data on The Insurance Insider's universe of P&C (re)insurers

14 December 2015
Global P&C stocks down 3.5%

Global P&C stocks closed down 3.5 percent on Friday (11 December), but the sector avoided the brunt of a downturn that has heavily impacted indices on both sides of the Atlantic following a crash in the global oil price.

Dan Ascher, 14 December 2015
AIG, Ace among carriers without SII model approval

American International Group (AIG) and Ace are among a group of non-Lloyd’s focused carriers that were conspicuously absent from the list of insurers granted Solvency II internal model approval by the Prudential Regulation Authority (PRA) earlier this month.

Adam McNestrie, 14 December 2015
Central Bank of Ireland approves Beazley internal model

Beazley has received approval for its internal model from Irish regulator the Central Bank of Ireland, it announced last week (11 December).

Winifred Okocha, 14 December 2015
SII implementation to have no effect on ratings actions

AM Best does not expect to take rating actions as a direct consequence of the implementation of Solvency II, it announced last week.

Winifred Okocha, 14 December 2015
Ex-insurance boss jailed for fraud after threatening judge

A former insurance executive has been jailed for 37 years and ordered to pay $137mn after he hid the failure of his business from regulators in an elaborate fraud that eventually saw him threaten a US judge.

Dan Ascher, 14 December 2015
The Hartford gets green light for legacy consolidation

The Hartford has received UK court approval to consolidate £452mn ($684mn) of its old London market liabilities into a single vehicle.

Catrin Shi, 14 December 2015
BI exposure dominating large energy claims: AGCS

Business interruption (BI) exposures are growing significantly for onshore energy firms, with BI losses dominating many claims in the sector, according to research from Allianz Global Corporate & Specialty (AGCS).

Catrin Shi, 14 December 2015
Aviation losses continue to fall as soft market persists: JLT

November was another quiet period for aviation hull and war losses according to JLT's latest Plane Talking report, with hull losses totalling just $23.4mn.

Charlie Thomas, 14 December 2015

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