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  • Lloyd's managing agent Atrium has announced that Wesley Butcher will head up its US professional liability team when two of its senior professional lines underwriters retire later this year.
  • Perils has again raised its loss estimate for Windstorm Xaver, this time by EUR32mn or 4.4 percent to EUR759mn ($1.03bn), the European loss compiler and modeller announced today (5 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
  • Lloyd's business ProSight Specialty Underwriters today (4 June) announced the appointment of David Dunning as chief financial officer, as well as a substantial expansion of its underwriting team.
  • The price of directors' and officers' (D&O) cover continued to decrease in the first quarter of the year, falling 4.8 percent compared with the same period of 2013, according to global broker Aon's latest quarterly D&O pricing index
  • Tokio Millennium Re, the reinsurance unit of giant Japanese carrier Tokio Marine, today (4 June) said it planned to continue its global expansion by setting up a US branch after obtaining approval from local regulators
  • The US Senate banking, housing and urban affairs committee yesterday (3 June) approved legislation that would extend the Terrorism Risk Insurance Act (Tria) by seven years.
  • Colorado State University's respected atmospheric science team has said there could be more US hurricanes this year than it first predicted because of changing weather patterns
  • Hong Kong-based reinsurer Peak Re today (4 June) said it planned to exploit "significant" opportunities in the Asia Pacific life and health market after winning a licence from the local regulator to write long-term reinsurance business
  • Enstar-owned insurer Torus has seen its continental European practice heads for marine and professional lines walk out, along with most of its construction team, The Insurance Insider can reveal.