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Generali suffers S&P downgrade

Ratings agency Standard & Poor's (S&P) has downgraded four Italian insurers, including Generali, after lowering Italy's long-term sovereign credit ratings earlier this month

Jenny Messenger, 15 December 2014
Moody’s downgrades Towergate and predicts restructure

Moody's has downgraded Towergate's corporate family and probability of default ratings by two notches in another blow for the struggling broker.

Dan Ascher, 15 December 2014
Moossmann to lead combined Fireman’s Fund, AGCS team

Art Moossmann will lead the recently combined Fireman's Fund and Allianz Global Corporate & Specialty (AGCS) North American business, AGCS revealed in a statement

Jenny Messenger, 15 December 2014
Bibb resigns from CatCo Investment Management

CatCo Investment Management's chief operating officer and chief financial officer Jason Bibb has resigned with immediate effect, the London-listed firm announced this morning (12 December)

Charlie Thomas, 12 December 2014
House passes insurance capital standards bill

The US House of Representatives today (11 December) unanimously passed legislation that aims to end confusion surrounding the federal requirements imposed on systemically important insurers that fall under the supervision of the Federal Reserve.

11 December 2014
BP Marsh backs SA reinsurance broker start-up

Niche AIM-listed venture capital provider BP Marsh & Partners has subscribed for a 35 percent cumulative preferred ordinary shareholding in Bastion Reinsurance Brokerage (PTY) Limited, a start-up reinsurance broker based in South Africa, for a total cash consideration of £100,000.

Mark Geoghegan, 11 December 2014
Diversification fuelling M&A trend

Despite the development of a two-tier reinsurance market, it is the need for diversification rather than simply scale that is a driving much of the strategic evolution in the sector.

Peter Hastie, 11 December 2014
In-play Montpelier shares up 5% in early trading

Shares in Bermudian reinsurer Montpelier Re rose by over 5 percent in early trading on the New York Stock Exchange as news broke that that the property cat specialist had been put up for sale by its board

11 December 2014
Lloyd’s appoints Parry as director of finance

John Parry, who has been acting director of finance at the Corporation of Lloyd's since July 2014, has today (11 December) been confirmed in the role on a permanent basis following a competitive process.

Charlie Thomas, 11 December 2014
$1.5bn Montpelier Re put up for sale

Bermudian cat specialist Montpelier Re has been put up for sale by its board, The Insurance Insider can reveal.

Adam McNestrie, 11 December 2014

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