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US P&C commercial rate rises slowing: MarketScout
US insurance exchange MarketScout, provider of one of the main barometers of US P&C commercial rates, said its composite rate rose by 2 percent in February 2014, down from 3 percent in January.
06 March 2014
Marketform in Lithuanian coverholder first
Specialist Lloyd's commercial underwriter Marketform has become the Society's first managing agent to secure a coverholder in the fast-growing Lithuanian market.
06 March 2014
Aviva profit up on cost cuts
UK composite insurer Aviva on Thursday (6 March) reported a better-than-expected 6 percent increase in its 2013 profit, helped by cost cuts, and said UK floods in early 2014 would cost it £60mn ($100mn).
06 March 2014
Former JLT partners to head new Howden construction division
Howden Broking Group today (5 March) announced the launch of a construction division headed up by two former partners of London-headquartered broker JLT Specialty Limited (JLTSL), John Perrin and Paul Lewis.
05 March 2014
House of Representatives approves NFIP rate hike delay bill
The Republican-controlled House of Representatives yesterday (4 March) endorsed the Homeowner Flood Insurance Affordability Act, which is designed to delay premium rises for properties covered by the National Flood Insurance Program (NFIP).
05 March 2014
Latest Perils Xaver estimate pushes $1bn
Perils today (5 March) announced it had raised its loss estimate for European Windstorm Xaver by 7 percent from EUR680mn ($931mn) to EUR727mn ($996mn)
05 March 2014
Admiral shares jump on strong 2013 results
Shares in UK motor insurer Admiral rose more than any other FTSE 100 stock this morning (5 March) after the company unveiled a forecast-beating 2013 profit thanks to lower claims and higher reserve releases.
05 March 2014
Novae shares up on 2013 profits boost
Shares in listed Lloyd's carrier Novae climbed in early trading today (5 March) after the firm reported a 7.2 percent increase in its 2013 profit and said it would return spare capital to investors via a 20p per share special dividend.
05 March 2014
Guy Carpenter reshuffles Bermuda and Europe
Guy Carpenter today (5 March) announced a significant reshuffle of its European management, with Massimo Reina - current head of its Italian and GC Fac international business - set to become CEO for Continental Europe and the Middle East and North Africa (MENA) region.
05 March 2014
Admiral boosted by lower claims
UK motor insurer Admiral on Wednesday (5 March) said its 2013 profit rose 7 percent as lower claims and bigger reserve releases offset weaker revenues amid falling car insurance prices.
05 March 2014
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