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  • Significant overcapacity in the US large account commercial property insurance market from incumbents and new entrants is driving down rates by up to 20 percent...
  • Former Goldman Sachs partner and China expert Fred Hu has joined the Lloyd's Council at the same time as two new appointments to the Franchise Board were announced
  • Argo Group has hired Axel Schmidt from UK insurer Aviva to take over as group chief underwriting officer (CUO) when the role is vacated by departing reinsurance veteran Andrew Carrier
  • London-headquartered MGA incubator Aquila Underwriting LLP is poised to launch a new Canadian MGA, The Insurance Insider has learned.
  • Insurance outsourcing firm Capita today (19 May) revealed it was providing financial backing to Pardus Holdings, a managing agency start-up founded by former Advent executives Keith Thompson and Darren Stockman
  • AM Best has raised German insurer Talanx's issuer credit rating to a- from bbb+, citing the company's strong profitability and the increased financial flexibility it gained from its stock market flotation in 2012.
  • Specialist lines managing general agent CFC Underwriting today (16 May) announced the appointment of former Beazley senior underwriter Victoria Paxton as practice leader for cyber, technology and media.
  • Argo Group's chief underwriting officer (CUO) Andrew Carrier has resigned from the company, The Insurance Insider can reveal.
  • RenaissanceRe is trying to purchase a major new Florida retrocession cover providing up to $275mn of limit above a $75mn deductible, as it looks to take advantage of its market-leading position and arbitrage the capital markets, sources said.
  • Hedge fund investor David Einhorn has cut his stake in Aspen by 90 percent as the future of the company continues to be called into question by the unwanted attentions of John Charman's Endurance