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AmTrust alleges EUR32mn Trust Risk premium theft

AmTrust Europe has reported its former Italian medical malpractice broker to the country's police, alleging that it "misappropriated" EUR32mn of client funds after an exclusive relationship broke down.

Dan Ascher, 26 November 2014
Lloyd’s gets green light for Mexico rep office

Lloyd's has received approval to open a representative office in Mexico from the start of next year, led by Gabriel Anguiano.

Karina Whalley, 26 November 2014
RMS(one) woes weigh on operating profits

Modelling company RMS reported a 20 percent decline in operating profit to £45mn for the year ended 30 September 2014, its parent company Daily Mail and General Trust (DMGT) reported today (26 November).

Fiona Robertson, 26 November 2014
UK regulators authorise first African reinsurer

The Prudential Regulation Authority and Financial Conduct Authority have authorised One Re, the first reinsurer to focus solely on African risks, to operate in the UK

26 November 2014
Fireman’s Fund sale process draws towards close

The sale of Fireman's Fund's $750mn-premium personal lines business is nearing its end with Ace, AIG and AmTrust among the final bidders, The Insurance Insider can reveal.

Adam McNestrie, 26 November 2014
Willis promotes Holliday to head of Latin America mining

Willis has promoted Tom Holliday to the role of head of mining in Latin America, the broker announced today (25 November).

Winifred Okocha, 25 November 2014
US property cat pressure to continue into 2015: Swiss Re

US property cat reinsurance rates are likely to remain under pressure in the 2015 renewals, according to Swiss Re.

Himal Patel, 25 November 2014
Lloyd’s to launch new cyber risk code for 2015

Lloyd's will bring in a new cyber risk code from 1 January 2015 and will re-run a cyber scenario data-collection exercise, according to a market bulletin sent to managing agents today (25 November).

Mark Geoghegan, 25 November 2014
Marsh enhances UK and international terrorism facility

Global broker Marsh has today (25 November) unveiled an updated UK terrorism facility with broader definitions than UK state-backed mutual Pool Re

25 November 2014
R&Q enters (re)insurance debt joint venture

Randall & Quilter (R&Q) has entered into a joint venture with Phoenix Asset Management Partners, the London-listed insurance services provider announced

25 November 2014

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