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JLT’s team grab from Willis puts talent in focus

The defection of 22 of Willis's highly rated fine art, jewellery and specie team to JLT last week has again brought the high level of competition for top specialty talent to the fore.

Mark Geoghegan, 07 April 2015
AIR: Niklas losses up to EUR1.9bn

Modelling firm AIR Worldwide said that Windstorm Niklas, which hit northern Europe on 30 March, is expected to generate insured losses of between EUR1bn and EUR1.9bn.

Winifred Okocha, 07 April 2015
USAA gets go-ahead for drones

US military financial services company USAA is among the first insurers to be given permission to run test flights for drones.

Charlie Thomas, 07 April 2015
News digest

Williams joins Marsh; Towergate completes restructure; MarketScout: Renewals flat; JLT Re hires Holtmeier; Citigroup divests; BHSI expands D&O; Good time Duperreault; Daum returns; RSG launches MGU; National General motors ahead; XL launches VC fund; Parker promoted; Axis acquisition; IGI upgraded; Garg back at AIG; Icat adds £8mn SPS

Charlie Thomas, 07 April 2015
Doré Syndicate 2526 in £21mn cash call

AG Doré Syndicate 2526 is set to make a £21.3mn call on its members this year after reporting a £23.6mn loss for the 2014 financial year.

Himal Patel, 07 April 2015
Marketform posts £16mn 2014 loss as build-out continues

Marketform's Lloyd's Syndicate 2468 fell to a £16mn loss in 2014 as deteriorations in the Dutch medical malpractice business, Australian general liability binders and the sports element of its PA book pushed the combined ratio to 115.4 percent.

Mark Geoghegan, 07 April 2015
Poachers and gamekeepers

Our industry is a pretty cruel place in which to operate.

Mark Geoghegan, 07 April 2015
‘Perfect storm’ accelerates offshore energy softening

The principal offshore energy wind renewal season has kicked off with expected rate reductions of up to 20 percent due to the perfect storm of a severely depressed oil price, shrinking demand and extreme overcapacity.

Karina Whalley, 07 April 2015
Cyclone Niklas could cost EUR1.9bn: AIR

Last week's Extratropical Cyclone Niklas is expected to generate insured losses of up to EUR1.9bn, according to modelling firm AIR Worldwide

Dan Ascher, 07 April 2015
USAA receives approval for drone use

US military financial services company USAA has been granted approval to begin testing to see how drones could improve the speed of settling claims following natural disasters.

07 April 2015

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