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Florida cat fund approved for $1bn private reinsurance transfer

Florida's State Board of Administration (SBA) has approved the state's cat fund and its broker Aon Benfield to enact a $1bn risk transfer to the private reinsurance market at prices that are heading to "historic lows".

David Bull, 15 April 2015
Analysts split on Exor bid for PartnerRe

Analysts are split on whether the PartnerRe board and shareholders should accept the $6.4bn all-cash bid for the reinsurer from the Agnelli family.

15 April 2015
Agnelli bid sounds death knell for Axis-Partner deal

Axis's hopes of acquiring PartnerRe look to be at an end after the Agnelli family tabled a $6.4bn all-cash bid that bears all the hallmarks of a knock-out blow.

Adam McNestrie, 14 April 2015
FHCF recommends $1bn of reinsurance but no cat bonds

Florida's State Board of Administration (SBA) is due to meet today (14 April) to consider a recommendation for the state's cat fund to buy $1bn of reinsurance, which is not expected to include cat bond cover.

14 April 2015
Willis files suit against JLT and Gordon for specie team defection

Global broker Willis has started proceedings in the London High Court against its employee David Gordon and JLT after the executive defected to the rival broker along with several members of his specie team.

14 April 2015
Italian investment firm makes $6.4bn all-cash PartnerRe bid

The Agnelli family's investment firm Exor looks to have torpedoed Axis's proposed acquisition of PartnerRe with a $6.4bn all-cash bid that values the company at a significant premium to the recommended all-paper offer

Adam McNestrie, 14 April 2015
Gilbert to head up BPL’s Singapore subsidiary

London-headquartered credit and political risk insurance broker Berry Palmer & Lyle (BPL Global) has appointed Peter Gilbert as chief executive of its Singapore subsidiary, the firm said today (14 April).

Jenny Messenger, 14 April 2015
IUA criticises Scottish government’s asbestos proposal

The International Underwriting Association (IUA) has denounced a Scottish government plan to recoup the cost of treating asbestos-related disease from insurers as "unequitable" and possibly illegal

Dan Ascher, 14 April 2015
Snowball to leave Suncorp

Suncorp group CEO Patrick Snowball has decided to step down after six years, the firm announced today (14 April)

Charlie Thomas, 14 April 2015
Quindell hires new FD as search for CEO continues

Insurance services firm Quindell has hired Mark Williams to take on the role of group finance director following the sale of its professional services division to Slater and Gordon.

14 April 2015

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