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US P&C commercial rates up 1.5% in September: MarketScout
The recent slide in pricing momentum for US P&C commercial insurance came to a halt in September as the composite rate for coverage rose by an average of 1.5 percent, according to MarketScout.
06 October 2014
Martin Sullivan appointed chair of Cooper Gay Swett & Crawford
Independent global intermediary Cooper Gay Swett & Crawford (CGSC) has appointed Martin Sullivan as a director and non-executive chairman of the group, effective immediately.
06 October 2014
Former US Homeland Secretary launches cyber security MGA
Tom Ridge, the first US Secretary of Homeland Security, has today (6 October) formally launched an insurance MGA and a new cyber liability facility supported by five Lloyd's syndicates.
06 October 2014
Lloyd’s to relocate Singapore office
Lloyd's Asia is expected to relocate from its offices at Asia Square Tower 1 in Singapore after a hike in rents, The Insurance Insider understands
06 October 2014
Typhoon Phanfone hits Tokyo as Category 1 storm
Typhoon Phanfone struck Tokyo this morning (6 October) as a Category 1 storm, according to data from the Tropical Storm Risk website, causing thousands of households to lose power and two major Japanese airlines to suspend flights.
06 October 2014
Bernanke to face grilling at AIG trial
Former Federal Reserve chairman Ben Bernanke will present evidence later this week at a trial deliberating claims relating to the 2008 bailout of American International Group (AIG) brought by Maurice "Hank" Greenberg
06 October 2014
Charles Taylor adds Hurst-Bannister as NED
Barnabas Hurst-Bannister has joined professional services firm Charles Taylor as a non-executive director, and will join the company from 8 October
06 October 2014
Ark sails swiftly with 13-strong Hardy marine & energy raid
A highly regarded 13-strong marine and energy team will begin underwriting today (6 October) for Lloyd's insurer Ark Syndicate Management (Ark), despite only leaving rival Lloyd's insurer Hardy Underwriting last week.
06 October 2014
Costa wreck removal has distorted market view: IG
The outsized wreck removal costs generated by the Costa Concordia loss have distorted the industry view of the peril, according to Grantley Berkeley, chairman of the International Group (IG) of P&I clubs.
03 October 2014
JLT bolsters US specialty push with Alliant energy buy
JLT's ambitious new US specialty insurance platform, JLT Specialty Insurance Services (JLT SIS), has agreed its first acquisition with a deal to buy part of Alliant Insurance Services' energy business.
03 October 2014
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