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  • Scor's Channel syndicate and White Mountains' Sirius syndicate are moving closer to securing their own managing agencies at Lloyd's and leaving third-party managing agency Asta, The Insurance Insider understands.
  • AmTrust Financial Services CEO Barry Zyskind is in line to receive a share bonus worth approximately $10mn for 2013, despite a recent furore surrounding sharply negative research from short research firm GeoInvesting.
  • Heavily shorted Nasdaq-listed insurer AmTrust has changed the way it accounts for ceding commissions from outwards quota share reinsurance deals, increasing its combined ratio and narrowing its apparent advantage over peers.
  • 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.
  • It seems likely that even the reinsurers of the National Farmers Union Mutual (NFU) will escape without a loss from the recent UK floods, The Insurance Insider understands.
  • Hiscox has a 75 percent quota share deal on its cat reinsurance book in Lloyd's and Bermuda for 2014 that means it currently hands on premium attaching to $3.5bn of limit to its partners.
  • Five directors of Lloyd's insurer Beazley Group plc sold the bulk of a £4.4mn ($7.3mn) award of shares and share options they received under a management incentive scheme, a regulatory filing this month demonstrates.
  • CNA replaced Barbara Merry, the long-serving chief executive at listed Lloyd's carrier Hardy Underwriting, last week.
  • The London-listed collateralised retro writer CatCo has hired the alternative reinsurance duo Charlie Vaughan and Rick Montgomerie as directors of underwriting.
  • JP Morgan insurance boss; Cyber launch; Skuld premiums up; Mapfre restored; BMS appoints; Allstate losses; AIG Europe affirmed; National Interstate takeover; Meadowbrook review; Kiln investors; Besso hires; Willis persuades; Greenlight Re rebounds; Brit returns; UK floods manageable; Limited draw-down