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Citizens plans to transfer over $4bn to private market

Florida's Citizens is aiming to increase its risk transfer to the private reinsurance market from $3.27bn to $4.05bn for 2015, The Insurance Insider can reveal

David Bull, 03 February 2015
M&A virus spreads in 2015

Late last year the M&A virus claimed a new specialty (re)insurance victim in Platinum and all the evidence suggests that the market's historic resistance will give way to a pandemic

Adam McNestrie, 03 February 2015
Softening hits US commercial P&C market in Q4: CIAB

US commercial P&C pricing ended 2014 in negative territory as average rates across all account sizes dipped by 0.7 percent during the fourth quarter, the latest survey from the Council of Insurance Agents & Brokers (CIAB) has revealed.

Himal Patel, 03 February 2015
David Reed appointed CEO of Scor’s managing agency

David Reed has been appointed CEO of Scor's Channel Managing Agency, succeeding founding member Richard Harris, the firm said today (3 February)

Jenny Messenger, 03 February 2015
Charles Taylor Adjusting builds Singapore energy team

Charles Taylor Adjusting has hired four senior energy adjusters for its Singapore office, the loss adjuster announced today (3 February)

Jenny Messenger, 03 February 2015
IUA calls for clarity over PRA’s insurance exec regime

London market trade body the International Underwriting Association (IUA) has asked UK regulator the Prudential Regulation Authority (PRA) to provide greater clarity over a new regime that would subject senior insurance managers to stricter supervision.

Jenny Messenger, 03 February 2015
Guy Carp hires Willis Re analytics exec

Guy Carpenter has hired Matthew Eagle from reinsurance broking rival Willis Re, where he led the delivery of analytics services in Continental Europe, The Insurance Insider can reveal.

Dan Ascher, 03 February 2015
Axis-Partner deal unlikely to be jumped: Noonan

Ed Noonan, the Validus CEO and the insurance industry's specialist in hostile takeovers, has said he expects the Axis-PartnerRe deal to go through without interference from a third party

Adam McNestrie, 03 February 2015
Milligan to join Lancashire board as Ariel deal closes

The former co-CEO of Ariel Re Tom Milligan has joined Lancashire's board as a non-executive director after the sale of his former company to BTG Pactual completed

03 February 2015
Improved P&C underwriting helps The Hartford to earnings beat

Improved P&C underwriting results and a reduction in corporate core losses helped The Hartford report core earnings up 12 percent to $426mn for the fourth quarter.

David Bull, 03 February 2015

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