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Tria reauthorisation deal expected today

The long-awaited renewal of the US Terrorism Risk Insurance Act (Tria) looks set to be confirmed today (5 December), according to sources

Charlie Thomas, 05 December 2014
Aspen recruits new head of A&H from Beazley

Bermudian carrier Aspen has appointed Peter Slot as global head of accident and health (A&H) at its insurance unit, the firm announced today (4 December).

Himal Patel, 04 December 2014
Houlder ceases trading with sister firm over fraud allegations

London market broker Houlder Insurance Services Limited (Houlder London) has ceased trading with its sister broker Houlder Far East in Hong Kong following a dispute that has seen the London broker make allegations of fraud and forgery against the latter.

Dan Ascher, 04 December 2014
P&C premiums outpace emerging market growth: Moody’s

Global P&C insurance premium growth is outpacing economic expansion in emerging markets, according to Moody's

Jenny Messenger, 04 December 2014
Skuld hires Stallard as cargo underwriter

Norwegian protection and indemnity (P&I) club Skuld's Syndicate 1897 at Lloyd's has appointed David Stallard as cargo underwriter, following an exodus of key staff earlier in the year

04 December 2014
Pioneer appoints head of financial institutions

Lloyd's carrier and managing general agency Pioneer Underwriting has appointed Richard Coello as head of financial institutions (FI), the firm announced today (4 December)

Jenny Messenger, 04 December 2014
Brisbane storm to cost IAG up to A$170mn

Insurance Australia Group (IAG) has estimated that it could face a net claims burden of A$170mn from the hailstorms that struck Brisbane and the surrounding areas last week.

Charlie Thomas, 04 December 2014
Towergate approaches junior creditors for takeover offers

Bondholders of Towergate's unsecured paper have been invited this morning (4 December) to make acquisition proposals for the indebted UK broker intermediary

04 December 2014
Airline exposure expected to top $1trn in 5 years: AGCS

Potential losses related to airline fleets is set to surpass $1trn within the next five years, if not before, according to a report on global aviation safety released today (4 December).

Jenny Messenger, 04 December 2014
James River sets sights on $685mn valuation in IPO

James River is hoping to secure a valuation of up to $685mn in its planned initial public offering (IPO) on the Nasdaq exchange, the Bermuda-domiciled excess & surplus lines insurer has disclosed.

Himal Patel, 03 December 2014

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