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Patschak secures comeback with Safeway deal
Susan Patschak's Florida Specialty Holdings team has struck a deal to buy out Florida carrier Safeway Property Insurance Company (SPIC) from its parent, The Insurance Insider revealed last week
Adam McNestrie
,
16 February 2015
Anthem breach could exhaust $100mn cyber programme
US health insurer Anthem looks sets to exhaust its $100mn AIG-led cyber cover after it revealed it had fallen victim to a huge data breach, The Insurance Insider understands
Adam McNestrie
,
16 February 2015
Back-up reinsurers reject Suncorp Yasi claim
A number of Suncorp's reinsurers have rejected a major claim, arguing that the cedant's policy wording exempts them from paying losses on Cyclone Yasi.
Adam McNestrie
,
16 February 2015
Stephen Catlin expects to be at XL-Catlin in 2020
Stephen Catlin has made a hard three-year commitment to his prospective role at XL Catlin and a soft commitment for a further two years, suggesting that he will remain with Catlin after its acquisition by XL until 2020.
Adam McNestrie
,
16 February 2015
Aspen CEO share sales now total $4.3mn
Chris O'Kane, CEO of Aspen, has sold a further 28,669 shares in the carrier at an average price of $45, grossing $1.3mn and bringing the total value of shares sold by the executive in recent months to more than $4.3mn.
Adam McNestrie
,
16 February 2015
Digest
‘EasyJet Re' ambitions; RSA promotes Walsh; Deloitte questions quake claims; AIG opens Oman branches; Gulf Re ‘too small'; Moody's downgrades OneBeacon; Metro-North collision; Groupama sells Mediobanca stake; JLT sells French broker; Fosun completes Ironshore investment; Mugge joins Ross; Windstorm Tini loss; Flood Re confirms MGA; Deal approval; Helios acquires LLVs
Charlie Thomas
,
16 February 2015
Ebix comes out on top in e-placement tender
Insurance software firm Ebix has been chosen to deliver an IT platform to make electronic placement a reality in the London market, The Insurance Insider revealed earlier today (16 February).
Adam McNestrie
,
16 February 2015
Beazley-Korean Re Lloyd’s sidecar receives approval
Beazley's long-mooted special purpose syndicate (SPS) in partnership with Korean Re has been given in-principle approval by the Lloyd's Franchise Board, The Insurance Insider can reveal.
Adam McNestrie
,
16 February 2015
Brit hands off Italian med-mal legacy book
London-listed Brit Insurance has disposed of its heavily loss-making Italian medical-malpractice book to Riverstone in a $65.5mn legacy transaction, The Insurance Insider can reveal.
Adam McNestrie
,
16 February 2015
The Holy Grail
Lime Street wags had recently speculated about what would see the light of day first: the Chilcot Inquiry into the 2003 invasion of Iraq (commissioned in 2009), or the winner of the tender to provide electronic placement services to the London market.
Peter Hastie
,
16 February 2015
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