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Allied World realigns insurance operations for ‘selective’ growth
Allied World is repositioning its primary operations as North American insurance and global markets insurance as it looks to position itself for further growth opportunities.
23 October 2014
Gonzalo Bermuda losses to cost insurers $200mn-400mn: AIR
Cat modelling firm AIR Worldwide has put a range of $200mn to $400mn on estimated insured losses from Hurricane Gonzalo in Bermuda.
23 October 2014
ANV Syndicate 1861 hires head of energy
John Hopper has joined ANV Syndicate 1861 at Lloyd's to lead its energy underwriting team, the firm announced today (22 October).
22 October 2014
New life reporting could trigger higher UK costs: EY
A blanket common reporting standard (CRS) could lead to disproportionate costs of up to £100mn for UK life insurers with legacy policies, EY said today (22 October).
22 October 2014
Lloyd’s approves first Turkish broker
Lloyd's yesterday (22 October) gave approval to the first Turkish broker to operate in the London market.
22 October 2014
Xchanging achieves British collaboration standard certification
Business services firm Xchanging has earned the BS11000 Standard from the British Standards Institute.
22 October 2014
WR Berkley promotes BerkleyNet execs
US-headquartered specialty (re)insurance group WR Berkley has promoted two executives at BerkleyNet Underwriters, its US workers' compensation unit for small and medium-sized businesses, the company announced yesterday (21 October).
22 October 2014
Ruoff: Alternative capital is shaking up the value chain
The influx of third party capital is disrupting the traditional value chain of the insurance industry, according to the European head of Tokio Millennium Re.
22 October 2014
Ace in strong third quarter earnings beat
Ace comfortably outpaced Wall Street forecasts as it reported record third quarter operating profits of $891mn, up from $857mn in the prior-year period.
22 October 2014
US commercial property rates to drop 10-15% in 2015: Willis
US commercial property insurance rates will fall on average by 10-15 percent for both non-cat and cat-exposed risks next year, according to Willis in its latest outlook on the market.
21 October 2014
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