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Reina: Automatics could answer flood issue
The facultative reinsurance market could help soak up increased demand for flood protection through hybrid models that provide automatic solutions for small and medium risks, according to Guy Carpenter's Massimo Reina.
22 September 2014
Ruggieri targets new product growth at CGSC North America
Cooper Gay Swett & Crawford (CGSC)'s new North America chief Tom Ruggieri will look to apply the creativity of the London market to US wholesale business in a bid to drive new product creation and growth at the firm.
22 September 2014
RMS unveils staged release for RMS(one) as costs mount
RMS(one) will not be released until late 2015 after the modelling agency last week unveiled a revised deployment strategy for the flagship catastrophe risk management software, along with significant costs relating to the postponed release.
22 September 2014
AIG leads Home Depot cyber policy
American International Group (AIG) writes the $10mn primary layer of US retailer The Home Depot's cyber policy, The Insurance Insider understands.
22 September 2014
UK law firms brace for 10% PI rate hike
Brokers are forecasting a rate hike of up to 10 percent in the UK solicitors' professional indemnity (PI) market ahead of the key 1 October renewal, The Insurance Insider understands.
22 September 2014
Top-10 US crop insurer John Deere to be auctioned
Major agricultural group John Deere has appointed Citi to sell its misfiring crop insurance business, which wrote $475mn of gross premiums in 2013, The Insurance Insider can reveal.
22 September 2014
Mitsui and Advent in Lloyd’s hires
Sam Geddes, a senior underwriter at Tokio Marine's Kiln-managed Syndicate 1880, has resigned his position at the firm, The Insurance Insider has learned.
22 September 2014
Beale abseils down Lloyd’s building
Lloyd's CEO Inga Beale has abseiled from the roof of the market's iconic building to raise money for the Lord Mayor's Appeal.
22 September 2014
News digest
Charles Taylor acquire; Axa partners IFC; Fireman's Fund affirmed; Hurricane warning; AIG restructure; NAIC's Hamm appointment; ‘Epic' excess capita; Eiopa cyber warning; AmTrust's DFS requirements; Gallagher UK promote; Foulsham joins REG; 5% P&I rise; Ace expand
22 September 2014
Dual streamlines MGAs with $300mn portfolio deal
Global managing general agent (MGA) Dual will consolidate a major portion of its capacity provision into a multi-line facility led by Liberty Specialty Markets from 1 October, The Insurance Insider understands.
22 September 2014
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