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Torus dispenses with Americas CEO Anand
Torus has parted company with Americas CEO and global chief operating officer Naveen Anand as well as a number of his key lieutenants, The Insurance Insider has learned.
20 August 2013
Data room: Share price movements
Weekly share price movements and key data on The Insurance Insider's universe of P&C (re)insurers and brokers
19 August 2013
Chip firm challenges Zurich over power cut claim
Software firm SanDisk has told a California federal court that demands from Zurich Insurance Group for extra information on a disputed claim regarding a power cut at its Japanese semiconductor fabrication plants are "overbroad".
19 August 2013
AIG: serial litigants’ suit ‘devoid of facts’
American International Group (AIG) has asked a California federal court to dismiss a lawsuit alleging that the insurer's taxpayer-funded 2008 bailout was "fraudulent" on the grounds that it has no basis in fact.
19 August 2013
Lloyd’s devises syndicate rating system
The Lloyd's Franchise Board has devised a system of ranking syndicates to pick out the worst-rated performers for greater oversight, The Insurance Insider understands.
19 August 2013
Regulation remains CEOs’ major concern: PwC
In one year, the availability of capital has gone from being insurers' second-biggest concern to their 16th-biggest, according to a PwC survey.
19 August 2013
India slowly reforming protectionist stance
The Indian regulator has loosened its controls on insurance broking amid signs that the world's largest democracy is beginning to respond to criticism of its highly regulated and protectionist approach.
19 August 2013
Meadowbrook a likely legacy target
Meadowbrook is likely to receive interest from legacy buyers after the company effectively put itself into play by appointing Willis Capital Markets to conduct a strategic review.
19 August 2013
Fairfax and Catalina strike agreement to carve up ASI
Catalina, Fairfax Financial Holdings and Tower Group have reached an agreement under which Fairfax will buy American Safety Insurance (ASI) and Catalina will purchase American Safety Re to end the bidding war for the US insurer.
19 August 2013
Catco retro market share hits 20%
Qatari-backed collateralised reinsurance fund Catco now has a 20 percent share of the retro market, according to the London-listed firm.
19 August 2013
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