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  • Chief executives of US speciality carriers were awarded median compensation of $9.0mn in 2014, up 30.4 percent from $6.9mn in 2013.
  • Despite a deteriorating reinsurance marketplace, the leaders of global reinsurers generally saw their remuneration packages increase in 2014.
  • Chief executives of US large cap carriers were once again among the most richly rewarded in our P&C coverage universe, each being paid an average $17.0mn last year - roughly unchanged from 2013.
  • The leaders of Bermudian and short-tail carriers received average remuneration of $6.6mn in 2014, with more than half of the group securing a position among the top 50 highest paid executives.
  • Remuneration for the top 50 highest paid executives in the P&C (re)insurance industry climbed to $514mn in 2014, The Insurance Insider's executive pay league has shown.
  • Former Gen Re executive Morris "Mo" Tooker has returned to the market as chief underwriting officer at The Hartford, as the US insurer looks to expand its risk appetite with growth in new and evolving markets.
  • QBE has sold its force-placed insurance business to Karfunkel company National General Holdings after a costly four-year experiment with the class of business.
  • RPC acquires; AJG enters Colombia; Talbot hires Sonville; Mistry in the Channel; Low-sulphur fuel; Nangka kills 2; Walden joins Liberty; Temblors cost $150bn; Transformers spark more losses; Beazley raids Hiscox; Higher June cats; Romanian capital rumbles; Chan Hom loss; Asia-Pac storms; Marketform expands cargo; WCMA appoints Shea; IUA appointments
  • Total Q2 cat bond issuance came to just over $3bn in 2015, according to Trading Risk figures, which include life and non-life public 144A cat bonds as well as larger rule 4(2) cat bonds placed with numerous investors.
  • Swiss Re and Everest Re led an increase in participation from traditional reinsurers on the 2015 programme placed by Florida Citizens Property Insurance, sister publication Trading Risk reported last week.