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  • Starr cyber expansion; Hamilton Re Ace hire; Summers Sequel; Partner solar investment; Marsh buys Torrent; White Mountains transacts deal; Towergate's Hodges leaves; XL hires Dougherty; Allstate hires Mayerfield; JLT hacks into Aon; Ironshore Canada names chair; AJG appoints Deakin
  • Australia-domiciled QBE's reinsurance arm has received permission from the Bermuda Monetary Authority to open an office on the island, the firm revealed in an investor presentation on 14 October
  • Mapfre Global Risks will start offering specialty lines of business in aviation, energy, marine, construction and engineering from its London offices in 2015
  • The proposed reinsurance joint venture between Ace and fund manager BlackRock heralds a secular change that could affect the fate of $18bn in US reinsurance premiums, according to Morgan Stanley analyst Kai Pan
  • Nasdaq-listed insurer Global Indemnity has agreed to acquire US carrier American Reliable from Assurant in a deal worth approximately $394mn - deploying a significant chunk of excess capital that has long hindered its return on equity.
  • Bermuda and its (re)insurance hub seem to have emerged relatively unscathed from Hurricane Gonzalo despite sustaining a direct hit from the Category 3 storm over the weekend.
  • The majority of any loss from a major fire at the Didcot B power plant in Oxfordshire last night (19 October) will be borne by the German insurance market, according to sources.
  • The rapid downward march of airline rates was halted in September, with carriers forced to pay more for their cover, according to JLT's monthly Plane Talking report
  • QBE European Operations is set to announce a raft of hires, promotions and reorganisations as it continues major restructuring under CEO Richard Pryce, The Insurance Insider revealed earlier today (20 October).
  • Major US insurer CNA is considering returning to the reinsurance market to seek protection for its professional lines book after running the book net for a number of years, The Insurance Insider has learned