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  • Beazley and Hiscox team up on D&O; Korean Re eyes top 3; New model; Hampden changes; Berkshire D&O; AJ Gallagher hires; Aviva to QBE; Citizens launch; BHSI builds; Bermuda boom; IFG appoints; Modernising LMA; Downgrade risk; Kessler inducted; P&I club affirmed; Ace appoints; Outlook improving; Record 2013.
  • Citizens Property Insurance Corporation's clearing house went live today, with its chairman Chris Gardner saying the move will leave no losers while reinsurers hope it will generate much-needed additional demand in the state.
  • Willis has combined its US facultative arm with its global facultative operation as part of the ongoing restructuring since group CEO Dominic Casserley took the reins, sister title Inside FAC reported today (27 January).
  • The reinsurance market is certainly softening, but it should not be described as soft, according to JLT Towers Re CEO Alastair Speare-Cole.
  • Hamilton Re CEO Brian Duperreault was in London last week talking to bankers about his ambition to acquire a Lloyd's (re)insurer
  • Flagstone founder Mark Byrne looks set to realise his long-held ambition to acquire a Lloyd's platform by purchasing Sportscover's managing agency, The Insurance Insider can report.
  • It is perhaps fitting that on new Lloyd's CEO Inga Beale's first day in the office, details should emerge of a different nuance to the Vision 2025 strategy ushered in by chairman John Nelson.
  • Berkshire Hathaway Specialty Insurance (BHSI) is set to complete its first acquisition since launching last year after agreeing a deal to buy MyAssist Inc and Insure America LLC from Noel Group
  • Lloyd's (re)insurers Beazley and Hiscox have joined forces to offer capacity on directors' and officers' (D&O) insurance through an underwriting consortium that will allow clients to buy larger line sizes than each could offer individually
  • MGIC Investment Corporation has increased its reinsurance programme for a portion of its portfolio amid uncertainty over capital requirements for mortgage insurers and prospects for growth as the US housing market recovers.