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Brisbane hailstorm losses top A$800mn

Insured losses from the hailstorm that battered parts of Brisbane and Queensland towards the end of November have risen to A$804mn, the Insurance Council of Australia (ICA) has estimated.

Himal Patel, 15 December 2014
News digest

8UIH buys FSH; James River floats; Fitch goes negative; Generali downgraded; Enstar hires; Skuld 1897 appoints; BP Marsh invests; Australian sector; Canopius expands; Hiscox 1.1 rates; CMA investigates; Valen Analytics; Xchanging all-clear; Benson boosts JLT Re; Day joins IUA; Integro financer hints

Charlie Thomas, 15 December 2014
Lloyd’s appoints Parry as FD

John Parry was last week confirmed as director of finance at the Corporation of Lloyd's on a permanent basis following a competitive process.

Mark Geoghegan, 15 December 2014
Ranzetta heads to Vibe Syndicate

Mitsui Sumitomo's accident and health class underwriter Steve Ranzetta is set to join the Lloyd's live start-up Vibe Syndicate 5678, The Insurance Insider has learned.

Mark Geoghegan, 15 December 2014
Barbican head of property Winn heads to Brit

James Winn, Barbican's head of property and the active underwriter for Special Purpose Syndicate 6113, is to leave the expansive Lloyd's (re)insurer, The Insurance Insider has learned.

Mark Geoghegan, 15 December 2014
Maynard to join Navigators

David Maynard, the deputy head of Novae's casualty unit, is set to join Navigators, The Insurance Insider understands.

Adam McNestrie, 15 December 2014
International P&C head Patten set to leave Aspen

Aspen Insurance's head of international P&C Bob Patten has handed his notice in, The Insurance Insider has learned.

Mark Geoghegan, 15 December 2014
A temporary reprieve…

Last month, the price of Towergate's unsecured debt collapsed in the secondary markets as fears grew that the UK broker consolidator would fail to make the £31mn coupon payments due in the first quarter on the various layers of its debt mountain.

Peter Hastie, 15 December 2014
Montpelier Re process highlights market pressures

Montpelier Re's decision to explore a sale is fresh evidence that cyclical and structural pressures pose a threat to the existence of smaller (re)insurers that have been over-reliant on cat business.

Adam McNestrie, 15 December 2014
James River floats below share price expectations

Bermuda-domiciled (re)insurer James River completed its IPO on Friday (12 December), with the share price settling below forecasts.

Winifred Okocha, 15 December 2014

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