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  • With M&A activity expected to heat up in 2014, (re)insurers could be forced to deploy golden parachutes in excess of $10mn to release their chief executives, analysis by The Insurance Insider's Data Room has discovered.
  • Lloyd's double-digit percentage point profit increase last year was driven by a strong performance in property and reinsurance underwriting, outweighing slower progress in the energy, aviation and motor markets, an analysis of the market's 2013 results shows.
  • Montpelier Re's London-listed Blue Capital Global Reinsurance Fund has postponed its latest planned issue of new shares.
  • Karen Clark & Company (KCC) has extended its RiskInsight modelling platform to include probabilistic tools that can be used to price risk policies and portfolios of risk.
  • Oxbridge Re, a start-up reinsurer backed by executives from Florida-based HCI Group, has raised $26.4mn of net proceeds from its initial public offering on the Nasdaq SmallCap Market.
  • The trend towards consistently higher underlying combined ratios confirmed by Lloyd's in its 2013 annual results last week can be attributed to a combination of greater reserving prudence as well as an underlying erosion of pricing in the market over the past decade, according to Lloyd's director of finance and operations Luke Savage
  • Despite announcing his departure in July 2013, former Lloyd's CEO Richard Ward will continue to be paid by Lloyd's throughout all of 2014 in a package likely to be worth over £1mn.
  • Specialty (re)insurer Allied World has announced that it has received approval to set up its own Lloyd's managing agent with effect from 1 April, confirming a move first revealed by The Insurance Insider in September last year.
  • CEO Dane Douetil has invested a seven-figure sum in BMS to become the second-biggest shareholder after rival broker AHJ, which warehoused the intermediary in its early days, The Insurance Insider understands.
  • Barbican's marine fund did not go live at 1 January and is now unlikely to do so before 2015, The Insurance Insider can reveal.