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Zurich leads exposed Petrobras D&O cover

Zurich leads the $250mn directors' and officers' (D&O) cover for Brazilian oil giant Petrobras with a $15mn layer, The Insurance Insider understands

Charlie Thomas, 13 March 2015
Cyber rates for retailers up as much as 10%: Marsh

Renewal rates for cyber insurance rose by as much as 10 percent for retailers due to increased loss activity in 2014, according to a Marsh report on cyber trends published yesterday (12 March).

Jenny Messenger, 13 March 2015
Hales exits R&Q

Nick Hales has relinquished his position as CEO of Randall & Quilter's (R&Q) managing general agency (MGA) business, the live-to-legacy firm announced today (13 March).

Himal Patel, 13 March 2015
UK riot decision creates conflict of interest: Biba

The UK Home Office's decision that police and crime commissioners (PCCs) should retain the power to determine whether an incident is a riot creates "a fundamental conflict of interest", the British Insurance Brokers' Association (Biba) has said.

12 March 2015
Indian parliament passes bill to raise FDI cap

A bill to raise the ownership limit on foreign direct investment (FDI) in India from 26 percent to 49 percent was today (12 March) passed by the upper house of India's parliament

Jenny Messenger, 12 March 2015
Florida regulator ends Citizens levy early

The Florida Office of Insurance Regulation (FLOIR) has eliminated emergency assessments on Floridian property insurance policyholders two years earlier than planned

Jenny Messenger, 12 March 2015
Navigators takes on US Department of Justice over FOI request

Specialty insurer Navigators has filed a complaint and demanded costs from the US Department of Justice (DoJ) for withholding documents about an insured for more than 18 months

Charlie Thomas, 12 March 2015
Cyclone Marcia losses top A$400mn: ICA

The estimated loss resulting from Tropical Cyclone Marcia has increased to A$403.6mn ($309.4mn) following an influx of claims, the Insurance Council of Australia (ICA) said today (12 March)

Jenny Messenger, 12 March 2015
Torus managing agency head Kirby leaves

Dominic Kirby, the managing director of Torus's Lloyd's managing agency, has left his role, The Insurance Insider can reveal.

Adam McNestrie, 12 March 2015
Generali hikes dividend despite earnings miss

Italy's biggest insurer Generali has increased its dividend by 33 percent but it wasn't sufficient to halt a share price dip following fourth quarter results that were below analysts' expectations.

Charlie Thomas, 12 March 2015

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