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  • 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.
  • Independent global intermediary Cooper Gay Swett & Crawford (CGSC) has appointed Martin Sullivan as a director and non-executive chairman of the group, effective immediately.
  • 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.
  • 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
  • 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.
  • 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
  • Barnabas Hurst-Bannister has joined professional services firm Charles Taylor as a non-executive director, and will join the company from 8 October
  • 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.
  • 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.
  • 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.