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  • Lloyd's CEO Inga Beale has defended the broker remuneration model after it came under fire during a panel discussion at the annual Airmic conference today (16 June).
  • An increasingly bitter battle between AJ Gallagher (AJG) and its former international CEO David Ross looks set to be played out in court this summer
  • An internal hedge fund reinsurance vehicle is being considered by Bermudian carrier Aspen, making it the second firm to do so after US giant Ace
  • Brokers at the US property cat reinsurance renewals have indicated a flattening of rates may be in sight for the first time in more than a decade
  • The ongoing battle for PartnerRe between Italian investment house Exor and Bermudian insurer Axis has become increasingly bitter in the run-up to the shareholder vote on 24 July
  • The insurance sector is not at ease with itself. Everywhere I look I see people in the market questioning the sustainability of their models, agonising about their futures, wrestling with existential angst
  • Anthony Albanese has been named interim superintendent of the New York Department of Financial Services (DFS), after Benjamin Lawsky announced he was stepping down on 20 May
  • IAG expects to reduce its open market reinsurance spend by 20 percent to accommodate its new strategic partnership with Berkshire Hathaway, according to CFO Nick Hawkins
  • Lloyd's has warned insurers that a shock to the global food system could generate losses that span multiple years.
  • Geoff White, underwriting manager for cyber, technology and media at Lloyd's (re)insurer Barbican Insurance Group, has been elected chairman of the Lloyd's Market Association (LMA)'s cyber business panel