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IRLA Roundtable 2014
In May, key players in the legacy market prised themselves from their desks in London, the US and across mainland Europe and headed to the rain-battered promenades of Brighton for the annual IRLA Congress
11 June 2014
AIG names Hancock as new CEO
American International Group (AIG) has named Peter Hancock as its new president and CEO with effect from 1 September.
11 June 2014
Tysers profits nudge up for 2013
Hawkes Bay, the holding company which owns independent Lloyd's broker Tysers, saw operating profits increase 2.8 percent to £7.34mn for calendar-year 2013.
10 June 2014
Torus construction head Norcliffe leaving for Kiln
Steven Norcliffe, who resigned last month as head of construction at Enstar-owned Torus, is to join Tokio Marine Kiln, sister title Inside FAC has revealed.
10 June 2014
Suncorp A$5bn cat treaty already two-thirds placed
Catastrophe reinsurers are steeling themselves for a steep decline in pricing and a fierce fight for signings on the A$5bn Suncorp catastrophe treaty, which is already two-thirds placed, The Insurance Insider understands.
10 June 2014
RFIB introduces broker insolvency cover
Independent London market broker RFIB is testing a new product that could alleviate regulator-imposed pressure on intermediaries to hold capital in reserve to manage claims in case they go bust
10 June 2014
Rena creeps by $75mn to $425mn, but Costa holds for now
The estimated ground-up protection and indemnity (P&I) cost for the Rena loss has deteriorated by a further $75mm to $425mn as the decision-making process on the wreck drags well into its third year, The Insurance Insider has learned
10 June 2014
RFIB introduces broker insolvency cover
Independent London market broker RFIB is testing a new product that could alleviate regulator-imposed pressure on intermediaries to hold capital in reserve to manage claims in case they go bust
10 June 2014
Allianz puts Swiss Re legacy talks on ice
Global insurer Allianz has decided not to proceed with a major legacy reinsurance deal with Swiss Re following long-running talks between the two companies, The Insurance Insider has learned
10 June 2014
Lloyd’s says Sportscover needs no new funds to come into line in June
Lloyd's managing agent Sportscover has been informed by Lloyd's that it requires no fresh funds in order for its Syndicate 3334 to come into line (CIL) at the end of the month, the company has confirmed.
10 June 2014
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