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S&P cautious about reliance on cyber models

Rating agency Standard & Poor's (S&P) has warned insurers not to place too much emphasis on models when assessing cyber risk.

Jenny Messenger, 11 June 2015
McConachie resigns from Third Point Re board

Neil McConachie, the CFO for Richard Brindle's new venture Fidelis, has resigned his position on the board of Third Point Reinsurance

Charlie Thomas, 11 June 2015
Standard Club syndicate targets Asia

The Standard Club's Lloyd's Syndicate 1884 has secured approval to begin underwriting marine and energy covers through a new Lloyd's Asia service company.

Dan Ascher, 11 June 2015
Specialty market close to pricing floor: DeCarlo

Specialty rates are close to reaching the bottom as fierce competitive pressures have spurred a market "war", Amwins CEO Steve DeCarlo told the Standard & Poor's 2015 Insurance Conference yesterday (10 June)

Himal Patel, 11 June 2015
Aspen Re hires analytics head

Douglas De Couto has left his role as assistant vice president, corporate risk at RenaissanceRe to become head of portfolio analytics for Aspen Re.

Charlie Thomas, 11 June 2015
Current P&C industry RoEs new norm

Investors will have to accept that current P&C industry returns are the new normal, according to a panel discussion at the Standard and Poor's (S&P) 2015 Insurance Conference yesterday (10 June).

Himal Patel, 11 June 2015
No more big Japanese deals: JP Morgan

Other Japanese insurers are unlikely to make any major P&C insurance acquisitions in the near term after Tokio Marine's purchase of US specialty insurer HCC, according to analysts at JP Morgan

Himal Patel, 11 June 2015
Gerhardt joins Tokio Millennium Re as non-exec director

Tokio Millennium Re has appointed Hans-Peter Gerhardt to its board as an independent non-executive director, the Zurich-based reinsurer said today (10 June).

Jenny Messenger, 10 June 2015
Assurant to exit health insurance market

Assurant expects to leave the health insurance market by the end of 2016, the US insurer announced today (10 June)

Jenny Messenger, 10 June 2015
HCC purchase opens Tokio Marine to US lines

Tokio Marine will be able to expand into new lines of business as part of its HCC acquisition, including US medical stop-loss and US directors' and officers' (D&O) insurance

Charlie Thomas, 10 June 2015

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