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  • UK composite insurer Aviva today (28 February) appointed Blackstone executive Tom Stoddard as the successor to outgoing finance chief Pat Regan.
  • (Re)insurance broker Miller has hired a team of six property & casualty specialists from Faber Global, a trading division of Willis, as it restructures its operations to create a combined P&C unit.
  • The wider UK-based insurance industry needs to be more thoughtful and collaborative when engaging with government, Otto Thoresen, the director general of the Association of British Insurers (ABI) told a London 100 meeting yesterday (26 February)
  • The Association of British Insurers (ABI) has said it is "surprised" about a report today (27 February) claiming an apparent UK government rethink on excluding expensive properties from the proposed Flood Re scheme
  • The Lloyd's arm of Bermudian reinsurer Montpelier Re has signed up to use an automated claims management system provided by Charles Taylor, the insurance services firm said in a statement today (27 February).
  • Business process outsourcing, procurement and technology company Xchanging has posted strong 2013 results accompanied by an upbeat performance from its core insurance-related businesses.
  • UK general insurer RSA today (27 February) revealed it had bought £550mn ($913mn) of protection against unforeseen losses from reinsurance giant Berkshire Hathaway, as part of a series of measures aimed at shoring up its depleted capital reserves
  • New York-listed reinsurer Third Point Re more than doubled its net income for 2013 to $227.3mn, compared to $99.4mn in 2012, boosted by a hefty increase in the volume of business written.
  • Ace Ltd is creating a new business region of Eurasia and Africa to encompass the growth markets of nine countries including Russia, Turkey, UAE and South Africa, the global P&C insurer announced on 26 February
  • Xchanging kept 2013 group revenue flat at £526.4mn (2012 £527.9mn) but adjusted profit before tax was up 13.6 percent at £51.7mn, it said in an RNS statement this morning (27 February)