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WR Berkley beats and says US prices up 4% in Q2
WR Berkley said rate increases on its domestic insurance business in Q2 were around 4 percent as price rises outstripped loss cost inflation for the twelfth quarter in a row.
29 July 2014
Ryan Group hires ex-RSA exec
Former RSA group executive director Paul Donaldson is set to join Ryan Direct Group (RDG), the UK arm of US-based Ryan Specialty Group, as a non-executive director, subject to regulatory approval.
28 July 2014
The Insider 30
Weekly share price data on The Insurance Insider's universe of P&C (re)insurers
28 July 2014
London impresses while US disappoints
With the Q2 reporting season well underway, some of the largest P&C stock movements last week were naturally performance driven.
28 July 2014
Aon reveals $340mn concealment suit
26Broking giant Aon Ltd has revealed that it is being sued for $340mn for alleged intentional misrepresentation and concealment when placing a policy for defence manufacturer Northrop Grumman.
28 July 2014
Dutch insurers may face bonus cap
(Re)insurers headquartered in the Netherlands could be impacted by a cap on bonuses and severance pay from as early as 1 January 2015.
28 July 2014
Ex-Marsh employee sues for human rights ‘breach’
A former Marsh claims manager has filed a suit accusing the global broker of breaching the District of Columbia Human Rights Act after she was allegedly subjected to bullying.
28 July 2014
IRS takes Validus tax case to Court of Appeals
The Internal Revenue Service (IRS) is appealing against the Columbia District Court's decision to order a full refund of tax paid by Validus Re on retrocession cover.23
28 July 2014
Travelers loses $500mn asbestos claim case
Travelers must pay over $500mn to victims of asbestos-related diseases after losing a US federal appeals court hearing to consider a settlement first approved by a judge in 2004.
28 July 2014
Travelers upsizes and buys Canada cover at 1 July
If further evidence was required of it being a buyers' reinsurance market, US insurance heavyweight Travelers last week disclosed that it had achieved lower rates-on-line for both its general catastrophe treaty and Northeast-only programme at the 1 July renewals.
28 July 2014
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