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Europe PI insurance set for growth: Finaccord
The European market for professional indemnity (PI) insurance is set to grow by 11 percent over the next three years, according to Finaccord
10 December 2013
UK insurers’ Xaver bill could reach £100mn: PwC
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)
10 December 2013
Skuld back in the black in Q3
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
10 December 2013
Canopius appoints head of international liability
Canopius has hired longstanding casualty underwriter Andrew Pooley to head up its new international liability insurance line
10 December 2013
Axis approves new $750mn share repurchase plan
Axis has signalled a continuation of its active capital management strategy with the approval of a new $750mn share repurchase plan
10 December 2013
Starr hires former Texas insurance commissioner
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
10 December 2013
Brit appoints outgoing Lloyd’s CEO as chairman
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).
10 December 2013
Duperreault to take helm at SAC Re as sale agreed
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.
10 December 2013
IRB and Sul América agree on $168mn CSN settlement
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.
09 December 2013
Geneva Association general secretary to step down
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.
09 December 2013
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