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  • London-headquartered intermediary Howden Broking Group has bought Colombian reinsurance broker NMB Colombia S.A. in a deal that marks the company's third acquisition in the country this year.
  • The Financial Conduct Authority (FCA) has fined London-headquartered wholesale broker Besso Ltd £315,000 for failing to put in place adequate checks against bribery and corruption.
  • London market veteran Stephen Gordon is set to re-join his former employer Newline Group, Odyssey Re's Lloyd's and specialty-focused subsidiary, The Insurance Insider understands.
  • The vast Japanese mutual Zenkyoren has exceeded market expectations by firm ordering an additional 325bn yen ($3.2bn) of cover to make it the industry's first $10bn cat reinsurance treaty, The Insurance Insider can reveal.
  • Insurance-focused outsourcing firm Charles Taylor on Wednesday (19 March) reported a 10 percent increase in its annual profit, as good growth at its loss adjusting arm offset a weaker performance from its insurance support services division.
  • Lloyd's carrier Brit Insurance has set an indicative pricing range for its forthcoming flotation that could now take place inside of a fortnight, The Insurance Insider understands.
  • Lloyd's carrier Brit Insurance has indicated a price range for its forthcoming stock market flotation that could value the group at over £1bn ($1.66bn), according to a press report
  • The global energy sector has become vulnerable to cyber-attack after increasingly adopting internet-based industrial control systems in an effort to cut costs, insurance broker Marsh said today (18 March).
  • Swiss Re's top executives took a collective pay cut of 6 percent last year despite achieving a 5 percent increase in net profit, the world's number two reinsurer said today (18 March)
  • JLT Towers Re, the reinsurance intermediary created from Jardine Lloyd Thompson (JLT)'s acquisition of Towers Watson's reinsurance broking arm last year, has completed the tie-up of its two constituent businesses in Bermuda, it said today (18 March)