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  • 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).
  • 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).
  • 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)
  • Axis Capital's new asset management arm Axis Ventures raised $50mn of third-party capital by the end of 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.
  • 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.
  • 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.
  • 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.
  • Lloyd's stocks were a mixed bag last week, with half the carriers making gains while the other half experienced declines.
  • 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.