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  • Arch Capital has unveiled a management reshuffle in its reinsurance operations that includes the promotion of Nicolas Papadopoulo to CEO of the division.
  • Commercial insurance rates in the US rose by an average of 2 percent in June, slipping from a 3 percent increase in May, according to MarketScout's monthly survey
  • The insurance industry has a major role to play in helping governments and businesses prepare for cyber terrorism attacks, Aegis London's active underwriter David Croom-Johnson told an audience at the Houses of Parliament last week
  • P&C (re)insurers have avoided any serious losses from Hurricane Arthur, which made landfall in North Carolina on 3 July
  • Blue-chip Lloyd's (re)insurer Amlin plc has agreed terms to acquire a majority stake in Leadenhall Capital Partners (LCP), the insurance-linked securities (ILS) fund manager which it co-launched in 2008.
  • Global insurance group Ace has confirmed today (4 July) a deal to buy the large corporate P&C business of Itaú Seguros from its Brazilian banking parent Itaú Unibanco for approximately $685mn (1.515bn reais)
  • Xchanging plc, the business process outsourcing company that operates much of the London market back office, saw its share price leap today following its second significant insurance technology acquisition in the space of two days.
  • London-listed insurance group Randall & Quilter (R&Q) has acquired the US bail insurer Accredited Surety and Casualty Company, the firms announced this morning (4 July)
  • The Costa Concordia loss has ballooned by another $250mn taking the total protection and indemnity (P&I) claim to $1.44bn in a fresh blow to long-suffering marine reinsurers, The Insurance Insider can reveal.
  • Insured losses for Windstorm Ela have now reached a total of EUR1.55bn ($2.1bn), according to disclosure from the French and German insurance trade bodies.