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QBE cuts losses with $90mn Balboa sale

QBE has sold its force-placed insurance business - previously known as Balboa - for $90mn to Karfunkel company National General Holdings, four years after it acquired the firm for $700mn

Adam McNestrie, 16 July 2015
EC/Eiopa review finds capital shortfall at Romanian insurers

A clutch of Romanian insurers must take "swift action" to strengthen their financial and solvency positions after capital shortfalls were uncovered by the first balance sheet review and stress test carried out on an EU member state's insurance sector.

David Bull, 16 July 2015
Meiji Yasuda cuts Talanx stake

Japanese life insurer Meiji Yasuda Life has reduced its shareholding in German insurance group Talanx from 6.5 percent to under 5 percent

Himal Patel, 15 July 2015
WCMA appoints Shea as head of Europe

Scor's chief corporate strategy officer Brian Shea is set to become head of Europe at Willis Capital Markets & Advisory (WCMA), the firm announced today (15 July)

Himal Patel, 15 July 2015
IUA committees make senior appointments

The International Underwriting Association (IUA)'s Delegated Authority Underwriting Group has elected Paul Rich as chairman and Matt Gordon as deputy chairman, the group announced today (15 July)

Winifred Okocha, 15 July 2015
Helios Underwriting buys £2mn of extra Lloyd’s capacity

AIM-listed Lloyd's private capacity provider Helios Underwriting has announced an agreement in principle to buy two limited liability Lloyd's members for £2.4mn in Helios shares

Winifred Okocha, 15 July 2015
Lloyd’s gets go-ahead for Colombian office

Lloyd's has received regulatory approval to open a representative office in Colombia, it announced today (14 July)

Dan Ascher, 14 July 2015
Peak Re appoints underwriting director

Fosun-owned Peak Re has appointed Railovy Boyer to take over as director of underwriting, it announced today (14 July)

Dan Ascher, 14 July 2015
Category 2 storm to strike Japan

A Category 2 typhoon looks set to strike Japan on Thursday evening (16 July), with forecasters warning that there could be significant danger to lives and property.

Dan Ascher, 14 July 2015
Assurant cuts reinsurance spend by 25%

Specialty insurer Assurant reduced its reinsurance spend by 25 percent year-on-year to $180mn at the 1 July 2015 renewals as its total per-occurrence property catastrophe coverage was scaled back from $1.77bn to $1.32bn

Himal Patel, 14 July 2015

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