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  • Lloyd's carrier Canopius has made a modest increase to its 65p per share all-cash bid for Omega as one of the latter's major shareholders went public about its dissatisfaction.
  • Lockton hires Guy Carp casualty trio; $420mn cat claims in Q1 for Allstate; AIR to model supply chain risk; Catlin in Beijing; Promotions at Alterra; Presidential shuffle at Axis Re Europe; Canopius sinks Golfplan buy; Talbot appoints new MENA CEO; XL Re-organisation; Aviva overhaul; Ince & Co hires
  • Floridian state-backed insurer Citizens has trebled the amount of capacity in its first ever cat bond placement to $750mn, marginalising traditional reinsurance from its planned $1bn private risk transfer purchase.
  • Torus founder Mark McComiskey is vacating his role as chairman of the company after resigning from his position at the specialty insurer's main backer, First Reserve, earlier this month.
  • Eight months ago at our 2011 pre-Monte Carlo conference, one of the speakers surprised the audience with the observation that in years to come we may look back on these times as something of a golden age for underwriters.
  • QBE is on an aggressive drive to grow its portfolio of US property business in an "exclusive" deal with Aon to write primary cat layers for the broker's clients.
  • International law firm Ince & Co has hired former Willis FINEX exec Aruno Rajaratnam as financial lines insurance practice group leader for Asia.
  • The Bhoja Air plane that crashed today (20 April) near Islamabad could cost aviation underwriters around $20mn-$60mn but is unlikely to be a major market event, The Insurance Insider understands
  • Lloyd's carrier Canopius has made a modest increase to its 65p per share bid for troubled peer Omega, although the bid is still short of the 70p per share mark, The Insurance Insider can reveal.
  • Ace UK president Richard Pryce is set to take the new role of deputy CEO of QBE European Operations, in the latest of a series of senior management changes at the firm.