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Zurich walks away from RSA after profit warning

Swiss-headquartered insurance group Zurich has announced today (21 September) that it has walked away from its proposed £5.6bn ($8.7bn) acquisition of UK insurer RSA.

Charlie Thomas, 21 September 2015
Beazley appoints new aviation head

Beazley has promoted Dirk Froese to head up its aviation team from May 2016

Catrin Shi, 18 September 2015
Chilean quake loss unlikely to top $500mn: Fitch

The insured loss from the magnitude 8.3 earthquake that struck off the coast of Chile on 16 September is unlikely to top $500mn, Fitch has found

Dan Ascher, 18 September 2015
California wildfires to be costliest for 20 years

Wildfires that have ravaged California in recent days are set to be the costliest for insurers for 20 years, according to Munich Re

Winifred Okocha, 18 September 2015
AmTrust in exclusive talks to buy Republic

AmTrust is in advanced talks to acquire $1.2bn premium Texas-based insurer Republic Group, The Insurance Insider can reveal

Adam McNestrie, 18 September 2015
Marsh’s McGivney to become CFO in 2016

Marsh & McLennan Companies (MMC) has appointed Mark McGivney as CFO effective from 1 January 2016, replacing Michael Bischoff, who is retiring after three years in the role

Charlie Thomas, 18 September 2015
China Re gets green light for IPO

State-owned China Re has received approval from the Hong Kong Stock Exchange to launch its $2bn initial public offering

Catrin Shi, 18 September 2015
New threats mean cyber insurers need specialist partners

The cyber insurance market must collaborate with bodies outside of insurance to better prepare for the evolving nature of the risk, according to Lloyd's emerging risks manager Nick Beecroft

Catrin Shi, 17 September 2015
Amtrak launches $200mn storm surge cat bond

US state-funded rail operator Amtrak is seeking to raise $200mn from PennUnion Re in what will be only the second cat bond to cover storm surge, sister publication Trading Risk reported earlier today (17 September)

Winifred Okocha, 17 September 2015
S&P downgrade hits 10 Japanese insurers

A Standard & Poor's (S&P) downgrade of Japan's sovereign rating from AA- to A+ has resulted in lowered counterparty credit ratings for a swathe of Japanese insurance companies, including some of their subsidiaries

Charlie Thomas, 17 September 2015

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