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Willis reorganises China team

Global broker Willis has made three senior promotions within its China team, the firm announced today (23 January).

Jenny Messenger, 23 January 2015
Third Point Re’s Bryan Bumsted passes away

Bryan Bumsted, senior underwriter at Bermudian hedge fund reinsurer Third Point Re, has died aged 37 after suffering from kidney cancer

Jenny Messenger, 23 January 2015
ECB’s QE bazooka is bad news for insurers

European Central Bank (ECB) president Mario Draghi's decision to launch EUR1.1trn of asset purchases over the next 18 months is "bad news" for insurers' investment portfolios, according to asset managers

Charlie Thomas, 23 January 2015
Ping An buys MMC building for £327mn

Chinese insurance giant Ping An has bought the Tower Place complex in London from Deutsche Asset & Wealth Management for £327mn, in its second purchase in the city's financial district in less than two years.

Charlie Thomas, 23 January 2015
Americas vice chairman Thaler to leave Aon Benfield

Rod Thaler is stepping down from his role as vice chairman of the Americas at Aon Benfield, The Insurance Insider can reveal

David Bull, 23 January 2015
(Re)insurance micro insurance consortium launched

A group of (re)insurers and MMC broking entities has launched a micro insurance consortium to help incubate risk protection markets in developing countries.

22 January 2015
Travelers buys biggest agg treaty in market

Travelers has replaced its cat excess-of-loss treaty with a huge aggregate (agg) cover as part of a restructure that brought its main renewal date forward from 1 July to 1 January, the company disclosed on its conference call.

Adam McNestrie, 22 January 2015
Alternative capital could cause reinsurer casualties

The continued presence of alternative capital could force a number of traditional reinsurers to merge or cease to exist, according to Fitch Ratings

Winifred Okocha, 22 January 2015
Bolt reissues broker remuneration warning

Lloyd's performance management director Tom Bolt has reiterated Lloyd's guidance for managing agents on distribution costs and broker remuneration in a bid to ensure they remain compliant with the 2010 Bribery Act

Jenny Messenger, 22 January 2015
Price rises continue to moderate at Travelers in Q4

US insurer Travelers said that rate increases continued to decline in the fourth quarter as it unveiled consensus-beating Q4 earnings.

Himal Patel, 22 January 2015

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