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War market splits Malaysia Airlines claim with all-risk
The war underwriters for Malaysia Airlines flight MH370, led by Lloyd's insurer Atrium, have paid half of the $100mn hull loss owing to the continued uncertainty over the cause of the plane crash, The Insurance Insider understands.
31 March 2014
News digest
Brit lists; Aon stalemate; Asia Pac tie-up; Shares postponed; AJ Gallagher departure; Tawa loss; BMS weather; Willis CFO...
31 March 2014
Dandridge and BTG Pactual set on Lloyd’s start-up
Former Atrium underwriter Christine Dandridge has begun work on a Lloyd's start-up with backing from Brazilian investment bank BTG Pactual, The Insurance Insider can reveal.
31 March 2014
Quiet please
In our business we are privileged to have access to the elite that runs the global (re)insurance sector.
31 March 2014
Ironshore gears up for IPO
Private equity-owned 2006-start-up Ironshore is preparing for an IPO that could value the business at $2.5bn, The Insurance Insider can reveal.
31 March 2014
Allied World confirms Lloyd’s managing agency approval
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 2013
31 March 2014
Floods take toll on UK insurers: CBI
UK P&C insurers suffered a decline in profitability for the first time in a year during the first quarter of 2014 due to mounting competition and hefty flood-related claims, according to the latest quarterly financial services sector survey from the Confederation of British Industry (CBI) and PwC.
31 March 2014
Mild quake hits California: AIR
Southern California was hit by a "moderate" 5.1 magnitude earthquake late on 28 March, causing damage to five houses and 20 apartments in the city of Fullerton, according to catastrophe modelling firm AIR Worldwide
31 March 2014
Southport Re future in doubt over collateral concerns
The future of nascent Cayman Islands reinsurer Southport Re looks uncertain because of concerns over its capital base and the quality of assets it has been using to collateralize its underwriting, The Insurance Insider understands.
29 March 2014
Sogaz reassures over US sanctions with its largest shareholder Bank Rossiya
Major Russian insurer Sogaz has written a comfort letter to London market brokers this week confirming that Bank Rossiya, which was slapped with US sanctions last week, no longer has a controlling stake in the company.
28 March 2014
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