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  • The received wisdom that reinsurers can make hay after a significant loss event needs to be revised because of the ease in which capital now flows into the industry, Nick Frankland told the Guy Carpenter Symposium in Baden-Baden today (19 October).
  • As delegates arrive in the elegant German spa town Baden-Baden for the 2014 reinsurance gathering, one topic of conversation is likely to be the incessant rumours of "big three" broker Willis being in talks to acquire Miller, one of the largest independent London (re)insurance brokers.
  • Reinsurance broker BMS Intermediaries has appointed Steve Korducki as executive vice president to develop the firm's Florida business.
  • Bermuda was bunkering down today (17 October) as Hurricane Gonzalo bore down on the island threatening damage to infrastructure and property with maximum sustained winds of 125 mph.
  • US commercial auto insurer Atlas Financial Holdings has agreed a deal to buy Global Liberty Insurance Company of New York and its affiliated underwriting and premium finance companies for around $25mn.
  • Towergate Insurance CEO Mark Hodges has left the broker aggregator with immediate effect, the firm has said
  • Nasdaq-listed insurer Global Indemnity has agreed to buy US carrier American Reliable from Assurant in a deal worth approximately $394mn
  • RSA has sold all of its Italian branches to Italian mutual insurer ITAS Mutua
  • Mapfre Global Risks will start offering specialty lines of business in aviation, energy, marine, construction and engineering from its London offices in 2015
  • Analysts have trimmed earnings forecasts for Allstate after the US insurance giant announced higher than expected September and Q3 catastrophe losses that include the impact of the Colorado hailstorm event at the end of last month.