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  • Allianz has appointed Goldman Sachs to sell the personal lines portion of US subsidiary Fireman's Fund in an auction that is likely to attract interest from consolidators, The Insurance Insider understands.
  • JLT Towers Re is prepared to look at opportunities to build out its US business through hires and bolt-on acquisitions, in addition to organic growth
  • ACP Re has completed its takeover of US insurer Tower Group, the firms announced today (15 September).
  • Cooper, Gay, Swett & Crawford (CGSC) is set to unveil Advisen founder Tom Ruggieri as president and CEO of its North American operations, The Insurance Insider can reveal
  • Carriers need to focus on reducing complexity and ambiguity in policy wordings, even if it pushes up prices, Marsh & McLennan CEO Dan Glaser has said
  • A restructure has resulted in Aon Benfield launching a new global client initiative and the disbandment of its global re specialty division, The Insurance Insider can reveal
  • Rates for North American catastrophe reinsurance cover are reaching a floor, Hannover Re told delegates today (15 September) in Monte Carlo.
  • Top-two reinsurer Swiss Re has predicted adverse development in the liability market as a result of low prices and accelerated claims costs, its chief economist Kurt Karl has said.
  • The second of The Insurance Insider's Monte Carlo dailies for 2014
  • French mutual insurer Covea will become the latest heavyweight cedant to consolidate its catastrophe reinsurance into one treaty bought at group level, The Insurance Insider can reveal.