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Integration and IT the focus at new-look Towergate

UK broker aggregator Towergate is to shift its focus away from M&A and onto integration and infrastructure in a bid to regenerate under its new leadership team.

Charlie Thomas, 28 September 2015
Turkish cat pool reinsurance prices down 10%

The core cat treaty bought by the Turkish Catastrophe Insurance Pool (TCIP) has priced down around 10 percent on a risk-adjusted basis, The Insurance Insider can reveal.

David Bull, 28 September 2015
Ace pulls staff out of $900mn Chinese JV

Ace pulled senior staff out of its Chinese joint venture Huatai earlier this year and transferred them to its Lloyd's platform, through which it is now expected to concentrate its efforts to penetrate the fast-growing market.

Adam McNestrie, 28 September 2015
VW claim could be cat loss for D&O market

Financial lines insurers could find themselves subject to a raft of claim notifications on Volkswagen's major directors' and officers' (D&O) programmes, as the German car manufacturing giant continues to face the fallout from its admission that it cheated emissions tests in the US.

Adam McNestrie, 28 September 2015
Don’t fluff it

London market humourists were gifted an easy throwaway gag last week.

Mark Geoghegan, 28 September 2015
Possible $60mn Tianjin dispute brewing for Sompo

Japanese big three insurer Sompo Japan Nipponkoa could be heading for a $60mn claims dispute with its reinsurers over the Tianjin explosions, The Insurance Insider can reveal.

Adam McNestrie, 28 September 2015
Advent enters into Australian JV

Services provider Advent Insurance Management has expanded its global footprint with the launch of a joint venture in Australia, it revealed in a statement today (28 September).

Dan Ascher, 28 September 2015
Adams joins Nexus board

Jeremy Adams, the former chief executive of Novae's Lloyd's managing agency, has joined the Nexus Underwriting Management board as an independent non-executive director with immediate effect

Winifred Okocha, 28 September 2015
AmTrust confirms Republic acquisition plans

New York-listed insurer AmTrust has confirmed that it has entered into an agreement to acquire Republic Companies and its affiliates from Delek Group and Republic Insurance Holdings for approximately $233mn

Charlie Thomas, 28 September 2015
Brit founder leaves Gallagher board in reshuffle

Brit founder Neil Eckert has parted ways with broker Arthur J Gallagher International, where he has served as a non-executive director since 2012.

Dan Ascher, 25 September 2015

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