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Samengo-Turner leaves Willis after 20 years
Dominic Samengo-Turner, Willis Group's global head of broking and products, is set to leave the company after more than two decades, sister publication Inside FAC revealed yesterday (24 February).
25 February 2014
Howden launches Dutch marine platform
Howden Broking Group is set to expand its marine operations by establishing a new Rotterdam-based broker specialising in marine and liability business, the company said today (25 February).
25 February 2014
Guy Carp satellite service to speed up cat loss estimates
Guy Carpenter has launched a catastrophe evaluation service that uses drone technology and satellite imagery to provide quick insured loss estimates, the reinsurance broker said today (25 February)
25 February 2014
Axis vehicle raises $50mn of third-party capital
Axis Capital's new asset management arm Axis Ventures raised $50mn of third-party capital by the end of 2013
25 February 2014
QBE falls to US-driven $254mn net loss for 2013
QBE fell to a $254mn after-tax net loss for 2013 that was in line with expectations set by the Australian-based insurer's profits warning in December.
25 February 2014
Allstate quotes 1.6 cat treaty with reduced retention
Allstate, the first major 1 June cat account to come to market, has submitted a structure for quoting to reinsurers that would drop the first event retention to $500mn, The Insurance Insider understands.
25 February 2014
CNA reinsurance deal to land Berkshire with major loss
The ultimate expected loss on the CNA asbestos portfolio that Berkshire Hathaway reinsured in 2010 for $2.2bn deteriorated by $479mn in the fourth quarter and will now leave the company and its reinsurance head Ajit Jain with a loss.
24 February 2014
AmTrust's strong start continues
The average movement for US-listed (re)insurance stocks was flat overall last week after carriers noted mixed fortunes, mimicking the S&P 500 Insurance index.
24 February 2014
Beazley recovers as Catlin declines
Lloyd's stocks were a mixed bag last week, with half the carriers making gains while the other half experienced declines.
24 February 2014
Axa dwindles despite strong results
It was a generally flat picture for the European composite last week, as share prices climbed by just 0.47 percent on average, underperforming the Stoxx 600 index, which rose by 0.83 percent.
24 February 2014
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