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UK insurers asked to stress-test disaster scenarios

The Prudential Regulation Authority (PRA) has called on UK insurers to calculate loss estimates for 11 catastrophe events as part of a drive to ensure they are sufficiently capitalised

Winifred Okocha, 10 July 2015
Buyers’ market persists in aviation war: Carman

Despite hull aviation war losses amounting to around 10 times premium income a buyers' market means rates won't increase in the near term, according to veteran aviation war leader Bruce Carman

Charlie Thomas, 10 July 2015
Berkshire Hathaway adds to US med mal insurer collection

Berkshire Hathaway's dedicated healthcare liability unit MedPro Group has announced a deal to buy Oklahoma-based Plico from the Oklahoma State Medical Association in an all-cash transaction.

Winifred Okocha, 10 July 2015
Ergo considers axing Greek acquisition

Munich Re's insurance subsidiary Ergo has said it is considering terminating its previously announced EUR90mn acquisition of Greek bancassurer ATE Insurance from Piraeus Bank.

Dan Ascher, 10 July 2015
Java ash cloud leads to 100 flight cancellations

Five airports in Indonesia have been closed and more than 100 flights cancelled after Mount Raung began erupting in East Java last week.

Charlie Thomas, 10 July 2015
Dual enters agricultural market

Hyperion's managing general agent (MGA) Dual is to enter the UK agricultural market with the formation of a new division to service the sector, it announced today (10 July).

Dan Ascher, 10 July 2015
Willis Re’s South Africa CEO resigns

Iain Macindoe, CEO of Willis Re's South African business, is the latest of a slew of senior departures at the global reinsurance broker, The Insurance Insider can reveal

Dan Ascher, 09 July 2015
Exor momentum leaves Axis open to bid: Macquarie

Axis could attract a takeover bid after Exor's recent investor meeting with PartnerRe shareholders made a "no" vote on the Axis deal more likely, according to Macquarie analyst Amit Kumar

Himal Patel, 09 July 2015
Ace to double terrorism capacity

US insurance giant Ace has announced plans to double its capacity for European terrorism, political violence and war risks to $100mn in response to increasing demand from multinationals.

Dan Ascher, 09 July 2015
New York Roundtable 2015

I could swear the world is spinning faster than it was this time last year

09 July 2015

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