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  • The European market for professional indemnity (PI) insurance is set to grow by 11 percent over the next three years, according to Finaccord
  • UK insurers could face a claims bill of up to £100mn ($160mn) from floods triggered by Xaver, the winter storm that struck the UK, northern Europe and Scandinavia last week, consulting firm PwC said today (10 December)
  • Mutual Norwegian marine insurer Skuld swung back into profitability in the third quarter of its financial year, helped by rising premiums and subdued claims costs
  • Canopius has hired longstanding casualty underwriter Andrew Pooley to head up its new international liability insurance line
  • Axis has signalled a continuation of its active capital management strategy with the approval of a new $750mn share repurchase plan
  • Starr Companies has brought in former Texas Insurance Commissioner Eleanor Kitzman to take on broad regulatory, management and operational responsibilities at the Hank Greenberg-headed insurer
  • Outgoing Lloyd's chief executive Richard Ward is to become the chairman of private equity-backed insurer Brit after he steps down later this month, Brit said this morning (10 December).
  • Brian Duperreault's return to the market has been confirmed with a deal to buy SAC Re that will also install the industry veteran as CEO of the Bermudian reinsurer.
  • Brazilian steel producer Companhia Siderurgica Nacional (CSN) has accepted a $168mn settlement over a legal dispute with the former state-backed reinsurer IRB-Brasil and insurer Sul América, our sister publication Inside FAC has revealed.
  • The search for the next secretary general of The Geneva Association is now underway after John Fitzpatrick on Monday (9 December) told the board that he would stand down after the next general assembly in May 2014.