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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
20 October 2014
QBE Re to open Bermuda office
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
20 October 2014
Mapfre Global in London specialty push
Mapfre Global Risks will start offering specialty lines of business in aviation, energy, marine, construction and engineering from its London offices in 2015
20 October 2014
Ace-BlackRock venture causes rethink for reinsurance model: Morgan Stanley
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
20 October 2014
Global Indemnity uses excess capital to buy American Reliable
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.
20 October 2014
Bermuda absorbs direct hit from Gonzalo
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.
20 October 2014
Most of UK Didcot loss contained by German market
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.
20 October 2014
October aviation increases ‘lower than hoped for’: JLT
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
20 October 2014
QBE Europe makes wholesale changes as re-jig nears end
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).
20 October 2014
CNA weighs up opportunistic professional lines treaty
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
20 October 2014
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