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Severe cyclone threatens Queensland coast: AIR
The northern coast of Queensland is under threat from Cyclone Ita, according to catastrophe modelling firm AIR Worldwide.
10 April 2014
Texas tornadoes generate $300mn insured loss
Three tornadoes that hit the Denton area of north Texas on 3 April have generated an estimated $300bn in insured losses, according to a report from the Insurance Council of Texas (ICT) yesterday (9 April)
10 April 2014
Brics countries getting riskier: Aon
The Brics countries - Brazil, Russia, India, China and South Africa - are facing increasing levels of political risk, according to global broker Aon's 2014 Political Risk map, unveiled today (10 April)
10 April 2014
Troubled Southport Re sold
Southport Re, the collateralised reinsurer that ran into problems over the quality of the assets backing its underwriting, is to be sold to Lennox Investments LLC for an undisclosed sum, according to reports.
10 April 2014
Guy Carp appoints insurance CEO for Turkey
Guy Carpenter has appointed Okan Utkueri as managing director and head of its operations in Turkey
10 April 2014
Brit hires Latin America head
Brit Insurance, the private equity-backed Lloyd's carrier that floated on the London stock market last month, today (10 April) said it had appointed former PartnerRe executive Juan Calvache to head up its new Latin American business.
10 April 2014
German run-off firm Darag acquired by Keyhaven
German legacy acquisition firm Darag has been bought out by its former minority shareholder, Keyhaven Capital, a London-based private equity firm, the company confirmed yesterday (9 April).
10 April 2014
R&Q confirms RITC of Goshawk syndicate
Goshawk, the once listed Lloyd's carrier downed by its foray into viatical insurance and other loss-making classes, has had its run-off managed by Randall & Quilter (R&Q) for a decade
10 April 2014
Reinsurers suffer price cuts at April renewals: Guy Carp
Global reinsurance broker Guy Carpenter today (10 April) said the 1 April reinsurance policy renewals were marked by price reductions due to intense competition between well-capitalised reinsurers and further encroachment from the insurance-linked securities (ILS) market.
10 April 2014
Softening property lines lead the way as buyers’ market emerges for US insurance: Willis
A softening property market in the US is expected to combine with an easing of upward pressure on rates in many other insurance lines through the remainder of 2014, according to broker Willis.
10 April 2014
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