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Hannover Re reports EUR237.5mn Sandy loss
Hannover Re has reported EUR237.5mn ($317.9mn) of losses from Superstorm Sandy, net of reinstatement premiums.
14 January 2013
Xchanging settles first Netsett trade
Processing firm Xchanging revealed today (14 January) that it has successfully settled a transaction on Netsett, its global insurance settlement platform
14 January 2013
Everest Re forms $250mn sidecar Mt Logan Re
Everest Re has become the latest reinsurer to step into the third party managed capital space with the formation of a Bermudian sidecar-style vehicle Mt Logan Re, Ltd which is targeting launch capacity of $250mn
14 January 2013
Hartford CEO McGee returns after surgery
The Hartford has announced that its CEO Liam McGee had surgery to remove a small brain tumour over the holiday period
14 January 2013
Plumeri rails against contingents one last time
Former Willis CEO Joe Plumeri fired a sally against contingent commissions as he stepped down from a role he held for over a decade
14 January 2013
Everest forms new $250mn Mt Logan Re vehicle headed by Pagnani
Everest Re has become the latest reinsurer to step into the third party managed funds space with the formation of a Bermudian sidecar-style vehicle Mt Logan Re, Ltd which is targeting launch capacity of $250mn.
12 January 2013
Passenger ships to pay 125% rate increase for IG P&I reinsurance
Passenger ship owners have been hit with rate increases of 125 percent as part of their 2013 protection and indemnity (P&I) club membership to contribute towards higher reinsurance costs in the wake of last year's Costa Concordia disaster.
12 January 2013
New York appeals court rules in favour of Aon in Arkley/Alliant raid
A New York appellate court has affirmed its injunction against former Aon executive Peter Arkley after he quit the firm taking along 60 other employees to rival Alliant in 2011.
12 January 2013
Willis takes Martin from Zurich to spearhead UK retail arm
Broker Willis Group has lured David Martin from Zurich Insurance Group to lead its UK retail business as it completes the restructure of its international leadership under the division's CEO Tim Wright.
12 January 2013
McGill urges London to look east
Lloyd's should embrace change and adapt its traditional face-to-face approach in order to attract more mid-market business, Aon president and chairman Steve McGill said at an Insurance Institute of London lecture on 8 January.
11 January 2013
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