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Arch reshuffles reinsurance management
Arch Capital has unveiled a management reshuffle in its reinsurance operations that includes the promotion of Nicolas Papadopoulo to CEO of the division.
07 July 2014
US commercial rate rises moderate in June
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
07 July 2014
Insurers to play key role in fighting cyber terrorism: Aegis
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
07 July 2014
Hurricane Arthur losses minimal
P&C (re)insurers have avoided any serious losses from Hurricane Arthur, which made landfall in North Carolina on 3 July
07 July 2014
Amlin to acquire majority stake in ILS manager
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.
07 July 2014
Ace to become top Brazil corporate insurer with $685mn deal
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)
04 July 2014
Xchanging’s share price leaps on Agencyport deal
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.
04 July 2014
R&Q acquires $25mn Florida bail insurer
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)
04 July 2014
Costa loss creeps by another $250mn
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.
03 July 2014
Windstorm Ela losses pass $2bn
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.
03 July 2014
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