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United attempts 60,000 policies TWIA take-out

United Insurance Holdings has confirmed its participation in the Texas Windstorm Insurance Association (TWIA) depopulation programme with offers to take-out almost 60,000 of the state-backed vehicle's policies.

David Bull, 26 March 2015
Broker model under threat, says Willis placement leader

The insurance broking model is under threat from data aggregation, increased regulatory costs and competition from emerging markets, according to Willis Group's global placement leader David Martin.

Jenny Messenger, 25 March 2015
CFC takes on Pool Re with £75mn Lloyd’s terror cover

Specialist lines managing general agency CFC Underwriting has expanded its standalone terrorism cover to the UK market, the firm announced today (25 March).

Charlie Thomas, 25 March 2015
Redundancy threat for majority of ERS staff

Lloyd's motor specialist ERS has put almost two-thirds of its staff on notice of potential redundancy as it looks to consolidate its operations into two locations.

Dan Ascher, 25 March 2015
2014 insured losses well below 10-year average: Sigma

Global insured losses totalled around $35bn in 2014, well below the 10-year average of $64bn, according to research from Swiss Re's Sigma unit.

Jenny Messenger, 25 March 2015
Flood Re hires chief actuary

Flood Re has appointed Gary McInally as chief actuary, the UK state-backed flood reinsurer announced today (25 March).

Himal Patel, 25 March 2015
Ace promotes P&C managers

Ace Group has made two promotions within its global accounts segment, with Ed Gandon appointed casualty manager for the UK and Ireland and Gary Etherington taking over as property manager for the region.

Charlie Thomas, 25 March 2015
Florida cat fund approved for $2.2bn private market risk transfer

The Florida Hurricane Catastrophe Fund (FHCF) looks set to take advantage of soft property cat pricing to transfer up to $2.2bn in risk to the private reinsurance market.

David Bull, 24 March 2015
Risk-adjusted airline pricing flat in Q4: Willis

Five percent growth in airline premiums during the fourth quarter of 2014 was cancelled out by exposure increases, leaving loss-struck insurers with risk-adjusted rates in line with the previous year, if not lower, according to Willis

Adam McNestrie, 24 March 2015
Allianz leads Germanwings loss

Allianz is the lead insurer for the Lufthansa insurance programme that will be hit by the Germanwings aircraft that crashed in the Alps today, The Insurance Insider can reveal

Adam McNestrie, 24 March 2015

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