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IAG drops Chinese expansion plans

Australian insurance giant IAG has dropped plans to invest in China, calling into question the whole rationale for its strategic partnership with Berkshire Hathaway

Charlie Thomas, 15 October 2015
Endurance parts company with global specialty re chief Mills

Endurance's reinsurance arm has parted company with its CUO and head of global specialty and Europe P&C Peter Mills, The Insurance Insider can reveal.

David Bull, 15 October 2015
XL Catlin launches new lead excess D&O policy

XL Catlin has launched a new D&O lead excess side A difference in conditions (DIC) policy out of Bermuda that it says will address potential capacity shortfalls and other consequences of the wave of M&A in the sector.

David Bull, 15 October 2015
Reith returns as Marketform CEO

Ascot founder and former CEO Martin Reith has returned to the market as CEO of Great American-owned Lloyd's managing agent Marketform, it was announced today (14 October)

Catrin Shi, 14 October 2015
CCR pitches insured French flood losses at up to EUR650mn

French state carrier Caisse Centrale de Reassurance (CCR) has estimated the total insured loss from severe flooding in the south of France at between EUR500mn ($568.6mn) and EUR650mn ($739.2mn)

Catrin Shi, 14 October 2015
PartnerRe estimates $50mn-$70mn Tianjin loss

PartnerRe has become the latest carrier to provide an initial loss estimate for the explosions in Tianjin, China in August, revealing its net pre-tax cost should be between $50mn and $70mn

Charlie Thomas, 14 October 2015
Capita makes final cash offer for Xchanging

London-listed Xchanging has agreed terms this morning (14 October) for rival Capita to acquire it for a recommended final cash offer of 160p a share.

Charlie Thomas, 14 October 2015
LMG: slip levy dropped as youth invited to shape Tom process

The London Market Group (LMG) has confirmed that plans for a levy on London placements to fund its Target Operating Model (Tom) market modernisation plan have been dropped, while unveiling an initiative to bring young professionals into the heart of the reform process.

Winifred Okocha, 13 October 2015
Ward leaves Hamilton USA

Conan Ward, CEO of Hamilton Insurance Group's US operations, has resigned with immediate effect, the company announced today (13 October).

13 October 2015
Insured loss of up to EUR650mn for French floods

The Association Franҫaise de l'Assurance has estimated an insured loss of between EUR550mn ($625mn) and EUR650mn ($738mn) for the severe flooding in the south of France in early October

Catrin Shi, 13 October 2015

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