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Stephen Catlin to compete for world entrepreneur award
Stephen Catlin, the founding chief executive of (re)insurer Catlin Group, will be representing the UK in this year's Ernst & Young (E&Y) World Entrepreneur of the Year competition
08 June 2012
Late May hailstorms cost insurers at least $400mn
Severe weather that hit a number of southern states and the north-east US caused insured losses of $400mn in Oklahoma, Aon Benfield said, citing the Southwestern Insurance Information Service
08 June 2012
S&P signals potential Generali downgrade after CEO change
Standard & Poor's (S&P) has put the A counterparty credit and financial strength ratings of Generali on watch negative after the Italian insurer axed its CEO last weekend.
07 June 2012
Canopius takeover proposal carried by Omega shareholders
After a torturous M&A process, Omega finally looks set to be sold to Canopius after over 90 percent of the votes cast on the relevant motion were in favour of the deal.
07 June 2012
Ratings affirmation for continental insurers
AM Best has affirmed the financial strength ratings of continental insurance giants Allianz, Generali and Mapfre after it completed its review of the impact of the sovereign debt crisis.
07 June 2012
OIM’s personal line hires arrive
Chris McGinn and the UK homeowners' team he leads have begun work at AJ Gallagher UK's managing general agency (MGA) OIM Underwriting after sitting out their gardening leave.
07 June 2012
Cooper Gay energy chairman retires
London market broker veteran Tony Pickering is retiring as executive chairman of Cooper Gay's energy division by the end of June, after two years with the firm
07 June 2012
US reserve redundancy stands at $11.7bn in 2011
US insurers' 2011 reserves were redundant by $11.7bn or 2 percent of total booked reserves, according to an Aon Benfield study
07 June 2012
$35bn of cat limits in convergence market: Guy Carp
With around $35bn of cat limits now placed in non-traditional reinsurance the convergence market has reached a watershed moment, according to Guy Carpenter vice chairman David Priebe
07 June 2012
US P&C pricing accelerates, but ‘show pony’ account rises lag
US commercial pricing accelerated in May with rates up 4 percent compared to the prior-year period, according to insurance exchange MarketScout.
07 June 2012
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