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  • Sian Aspinall has made a return to political risk and specialist credit (PRI) insurance broker Berry Palmer & Lyle (BPL Global) after 20 years, the firm announced today (25 March).
  • Weather services company ImpactWeather has predicted the 2014 Atlantic hurricane season will be less active than usual, as (re)insurers gear up for the official start of the hurricane season on 1 June.
  • Legacy acquisition firm Catalina has agreed to purchase Sparta Insurance Holdings, a US specialty programme and risk transfer firm, for an undisclosed sum, the company said today (25 March)
  • Axis Capital has promoted Jack Gressier, currently head of its insurance arm, to group chief operating officer, the Bermudian (re)insurer said today (25 March)
  • London Market Group (LMG) chairman Steve Hearn today (25 March) said the organisation plans to expand its remit to include lobbying government and regulators, while also helping the UK capital see off competition from other insurance hubs
  • Troubled UK general insurer RSA today (25 March) said it would sell nearly 1.4bn new shares at a 40 percent discount to the stock's closing price on Monday to plug a capital shortfall triggered by weather claims and Irish accounting irregularities.
  • Initial indications that the 1 April catastrophe renewals would provide some respite for reinsurers have proven misleading as firm order terms hit the market with heavy rate reductions, today's edition of The Insurance Insider reveals
  • The Insurance Insider's look-up table for all of the weekly, monthly and YTD share price movements of the companies in our updated composites
  • It was a volatile week for share prices in The Insurance Insider's universe, with Aviva down sharply on unexpected plans by the UK government to change rules relating to compulsory annuity purchase. Lloyd's stocks also continued to fall on rate fears while heavyweights Axa and Munich Re were up strongly
  • Recent reserve strengthening for asbestos liabilities are the result of a renewed attempt by the Plaintiff Bar to find new pockets for settlements