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Brokers forecast $8bn 2015 for cat bonds

Cat bond sponsors may push for broader coverage in 2015 as insurance-linked securities (ILS) broker-dealers said that they expected ILS market volumes to continue expanding.

Fiona Robertson, 19 January 2015
CatCo fund gains 14% in 2014

CatCo recorded 14 percent growth in net asset value (NAV) last year for its London-listed fund, even after reserving for a small US storm loss.

Fiona Robertson, 19 January 2015
Payton joins Capsicum Re

Capsicum Re is poised to enter the facultative reinsurance market with the hire of GC Fac's London head Malcolm Payton, sister title Inside FAC revealed last week.

Charlie Thomas, 19 January 2015
Willis sues former executive director for £1.25mn over ‘secret commissions’

Willis is suing one of its former executive directors for £1.25mn for allegedly receiving "secret commissions".

Dan Ascher, 19 January 2015
Willis launches new business segment Willis GB

Global broking group Willis has announced that it has restructured into four operating segments from its original three.

Mark Geoghegan, 19 January 2015
QBE’s outlook revised upwards by AM Best

Rating agency AM Best has revised its outlook for QBE from negative to stable and affirmed its financial strength rating of A.

Charlie Thomas, 19 January 2015
Swiss central bank stuns Zurich and Swiss Re shares

The Swiss National Bank (SNB)'s surprise decision to abandon the peg tying the country's currency to the euro triggered a sharp drop in the share prices of Zurich and Swiss Re on 15 January.

Charlie Thomas, 19 January 2015
Aon Benfield takes senior Willis Re marine broker

Aon Benfield has hired Linley Ah-Chung, one of the most senior marine and energy brokers at Willis Re, The Insurance Insider can reveal.

Adam McNestrie, 19 January 2015
Cooper Gay wields axe after international squeeze

Private equity-owned insurance broker Cooper Gay has begun a cost-cutting programme that will make a number of senior staff redundant as it looks to reverse a drop in profitability, The Insurance Insider has learned.

Adam McNestrie, 19 January 2015
Hyperion-RKH targeting February deal agreement

Hyperion and RK Harrison are looking to strike a final agreement on their proposed deal by mid-February, The Insurance Insider understands.

Adam McNestrie, 19 January 2015

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