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Willis in major specialty reinsurance reshuffle
Willis Re reshuffled senior management at its Global Specialty business today (10 September), in a move aimed at growing the division under new recruit Graeme Moore
10 September 2013
Enstar completes Arden Re takeover
Legacy-to-live specialist Enstar Group has completed the takeover of Arden Reinsurance in collaboration with private equity firm Stone Point, it said on Monday (9 September).
10 September 2013
Berliner pulls out of solicitors’ PI
UK solicitors who bought professional indemnity protection from unrated insurer Berliner Versicherung have been told it may be unable to renew cover just weeks before their policies expire on 1 October.
10 September 2013
Property cat still the main tail risk: Montross
Property cat remains the single most testing tail risk for (re)insurers despite the emergence of new exposures such as cyber liability, according to General Re CEO Tad Montross
10 September 2013
Ark sewing up third-party support as MBO inches closer
Lloyd's insurer Ark Underwriting is making rapid progress in overhauling the capital structure of Syndicate 4020 as it awaits final sign-off on the financing of its management buyout, The Insurance Insider understands
10 September 2013
Fortress to sell run-off reinsurer Alea
New York buyout firm Fortress Investment Group has put its majority stake in run-off (re)insurer Alea up for sale, with Enstar and Catalina already looking at a potential acquisition, The Insurance Insider understands
10 September 2013
Lloyd's CEO Ward: I'd like to stay in insurance
Lloyd's outgoing boss Richard Ward wants to take up another executive role within the insurance industry when he leaves the market at the end of the year, he told The Insurance Insider.
10 September 2013
Monte Carlo Takeaway 2013
Risk carriers are dreadful pessimists, with a tendency to look for the cloud attached to every silver lining. Historically, this tendency has been a helpful defence mechanism
10 September 2013
Aon increases Lloyd's business despite Berkshire Hathaway Sidecar
Aon has presented statistics to Lloyd's CEO Richard Ward that show the broking heavyweight has increased the amount of business it places into the Lloyd's market since agreeing the controversial 7.5 percent "Sidecar" with Berkshire Hathaway, The Insurance Insider can reveal.
10 September 2013
US commercial prices up 6% in Q2: Towers Watson
US commercial insurance prices in rose on average by 6 percent year on year, according to Towers Watson's commercial lines insurance pricing survey released today.
09 September 2013
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