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Sandy $650mn boat bill ‘worst on record’
Major US recreational boating consumer group the Boat Owners Association of The United States (BoatUS) has issued a $650mn estimate for total damage to pleasure boats due to Hurricane Sandy.
22 November 2012
Qatarlyst put up for sale
Technology firm Qatarlyst has been put up for sale two years after it was acquired by the Qatar Financial Centre Authority (QFCA).
22 November 2012
RSA Group appoints Martin Scicluna as chairman
Global insurer RSA has appointed former Deloitte chairman Martin Scicluna as its new chairman, effective from 1 January 2013.
22 November 2012
Xchanging’s Brace to join Catlin as claims chief
Lloyd's (re)insurer Catlin has hired senior Xchanging director Glenn Brace as its new group claims director.
22 November 2012
PCS issues $11bn first Sandy loss tally
US industry loss compilation service PCS has released the results of its first survey for hurricane Sandy, putting total insured losses at $11bn, The Insurance Insider has learned.
22 November 2012
AIG to cornerstone $3.6bn PICC IPO
People's Insurance Co (Group) of China (PICC) has secured $1.85bn in commitments from 17 cornerstone investors to underpin its imminent IPO, including support from US insurance giant American International Group (AIG).
21 November 2012
Fitch neutral on Mapfre's EUR1bn debt issue
Fitch has assigned a BB+ credit rating to the latest EUR1bn debt issuance of Spain-based (re)insurer Mapfre, citing an expectation that the increase in leverage would only be temporary
21 November 2012
Solvency II could be ‘phased-in’ - Eiopa
Some elements of Solvency II could be adopted between now and the new likely start date of the regulatory regime in 2016, Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority (Eiopa), has said.
21 November 2012
JLT: Airline prices lowest since 9/11
The price of airline insurance is likely to hit its lowest point since 9/11 as the industry enters its two largest months for renewals, according to JLT.
21 November 2012
Aviva brings in ex-AIA head Wilson as CEO
Aviva has said that ex-AIA boss Mark Wilson will become CEO of the company on 1 January 2013.
20 November 2012
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