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Riley named IIL president
Stephen Riley, executive director of aviation insurer Global Aerospace, has been appointed president of the Insurance Institute of London (IIL) for 2014/15, the organisation announced yesterday (29 September).
30 September 2014
Mitsui at Lloyd’s targets power with energy hire
Mitsui Sumitomo Insurance Group (MSIG) at Lloyd's has announced the appointment of Carl Bennett as class underwriter, energy
30 September 2014
MH17 reserve set well below expected level
The reserve for the liability portion of the Malaysia Airlines claim resulting from the loss of flight MH17 has been set significantly below market expectations at $200mn, The Insurance Insider can reveal.
30 September 2014
The Insider 30
Weekly share price data on The Insurance Insider's universe of P&C (re)insurers
29 September 2014
Gross’s departure stings Allianz
Global P&C (re)insurance stocks weakened last week, with our index of 31 publicly listed carriers - The Insider 30 - falling back by 56 basis points to mirror the movement of wider benchmark stock market indices
29 September 2014
PPL appoints Lloyd’s, JLT as board advisers
The Corporation of Lloyd's and London-headquartered broker JLT have been added as advisers to the board of Placing Platform Ltd (PPL), the body tasked with commissioning an electronic placing platform for the London market, The Insurance Insider has learned
29 September 2014
ERS Syndicate 218 ill-prepared for Solvency II
ERS (formerly Equity Red Star) Syndicate 218 remains on "red" status at Lloyd's for its Solvency II readiness, meaning there are still major issues to be dealt with before it can be deemed compliant with the capital regime
29 September 2014
BoE ready to reject inadequate SII models
The Bank of England will not hesitate to refuse approval of internal models required for compliance with the European Union's Solvency II capital regime if they are "inadequate or opaque", governor Mark Carney said last week
29 September 2014
Catalina to acquire California carriers
Bermuda-based run-off buyer Catalina has agreed to acquire Danielson Indemnity Company, the holding company for a pair of Californian workers' compensation and motor carriers, from Covanta Holdings
29 September 2014
Greenberg’s lawyers take the stand in AIG case
Litigators for Maurice "Hank" Greenberg took to the stand in a Washington DC federal court yesterday (29 September) to open a $40bn case brought against the US government over its 2008 bailout of his former company AIG.
29 September 2014
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