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China Re could absorb outsized Tianjin loss

As it prepares for an IPO China Re is facing a disproportionately high net loss from the explosions at the Port of Tianjin, owing to its relatively sparing use of outwards reinsurance.

Adam McNestrie, 06 October 2015
Allianz expands North America FI team

Allianz Global Corporate & Specialty (AGCS) has continued to build its financial lines team in North America ahead of an official launch with the hire of Lance Dalzell-Piper, The Insurance Insider can reveal.

David Bull, 06 October 2015
Hudson returns to head up Old Mutual African venture

Martin Hudson, former director of underwriting at Mitsui Sumitomo at Lloyd's, has re-emerged as CEO of Old Mutual Specialty Insurance, The Insurance Insider has learned.

Mark Geoghegan, 06 October 2015
Novae to enter construction after CNA Hardy hire

Novae has continued the rapid build-out of its business by hiring CNA Hardy's senior construction underwriter Steve Cross, The Insurance Insider can reveal.

Winifred Okocha, 06 October 2015
Eternal sunshine of the spotless mind

We're not generally known as a studious sector, so who knew that we in the global (re)insurance world needed to be so learned in the academic disciplines of philosophy and theology?

Mark Geoghegan, 06 October 2015
BCAR changes to drive cat reinsurance demand

(Re)insurers are beginning to digest proposed changes to AM Best's Capital Adequacy Ratio (BCAR) that could drive significant demand for cat reinsurance, particularly from smaller, regional US buyers, The Insurance Insider can reveal.

David Bull, 06 October 2015
Swiss and Munich face Chinese premium headwind

Swiss Re is at risk of losing well over $1bn of in-force Chinese premium over the next three years as the market's new solvency regulatory regime takes a major bite out of its top line, with Munich Re also set to forfeit hundreds of millions of dollars of its own business, The Insurance Insider understands.

Adam McNestrie, 06 October 2015
Lloyd’s requires ANV Syndicate 5820 premium reduction

ANV Syndicates Limited (ASL) has revealed that it has received oral feedback from the Lloyd's capital planning group indicating that, in its view, a reduction in gross premium is required at the firm's Syndicate 5820 for the 2016 year of account syndicate business forecast.

Charlie Thomas, 06 October 2015
South Carolina flood damage to ‘easily exceed $1bn’: Aon Benfield

Days of relentless rain across much of the state of South Carolina have caused economic losses that will easily exceed $1bn, according Aon Benfield's Impact Forecasting.

Charlie Thomas, 06 October 2015
QBE appoints Grote as SVP

Walter Grote has joined QBE North America as senior vice president for commercial and P&C

Charlie Thomas, 06 October 2015

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