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Former Integro CEO Garvey reappears at Epic
California-headquartered P&C broker Edgewood Partners Insurance Center (Epic) has hired Pete Garvey to the new position of chief operating officer (COO) as it looks to accelerate growth momentum
10 October 2014
AIG expands North American railroad excess casualty cover to $1bn
American International Group (AIG) has expanded excess casualty liability limits for Class 1 railroads in the US and Canada to $1bn per occurrence in response to buyers' needs to cover fast growing exposures.
10 October 2014
Aquiline buys majority stake in Worley Claims Services
Private equity firm Aquiline Capital Partners LLC has agreed a deal to buy a majority stake in Worley Claims Services from current shareholders Seaport Capital and Advantage Capital.
09 October 2014
Willis Re appoints director for India, Middle East, Africa and Turkey
Robert Wildbore has been appointed regional director of Willis Re's Indian Sub-Continent, Middle East, Africa and Turkey operations, the broker said today (9 October).
09 October 2014
Typhoon Hudhud on course to hit Indian industrial hub
Typhoon Hudhud is predicted to make landfall in Visakhapatnam on India's northeast coast on 12 October as a Category 3 storm, with heavy wind, rain and storm surges due to hit the area
09 October 2014
Liberty pulls plug on Lloyd’s US property insurance book
Liberty Mutual is shutting down the US direct and facultative property insurance account written by its Lloyd's operation, The Insurance Insider has learned.
09 October 2014
Capacity pricing declines a further 6% in second Lloyd's auction
Supply and demand for 2015 capacity on Names-backed Lloyd's syndicates waned in the second round of auctions, with pricing down 6 percent on average from the first auction, according to analysis conducted by Argenta
09 October 2014
September Asian floods are warning for 2011 repeat: Aon Benfield
Flooding in India and Pakistan last month has becoming the costliest weather event of 2014 in terms of economic losses, according to Aon Benfield's Impact Forecasting unit.
09 October 2014
XL reinsurance chief Veghte steps down
XL Group is looking for a new head of its reinsurance operations after revealing that the incumbent, James Veghte, is retiring from the company at the end of the year.
09 October 2014
Benign cat season boosts London capital return prospects
The quiet 2014 windstorm season could lead to London-quoted carriers paying out additional capital on top of their base dividends, according to a note from Westhouse Securities' head of research and insurance Joanna Parsons.
08 October 2014
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