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Reserve releases drag on rate rise momentum
US insurance giants Chubb and Travelers both noted rising premium rates in their fourth quarter results, but analysts said that slowing reserve releases could still hinder their momentum in 2012.
30 January 2012
THB CEO Murphy to run Colemont after AmWINS deal
Following the completion of AmWINS' £31.8mn acquisition of London-headquartered broker THB, the latter's CEO Frank Murphy will take responsibility for all of the enlarged group's London operations, including Colemont Global.
30 January 2012
BMS targets US growth
Independent broker BMS has opened a New York City office and relocated group CEO Carl Beardmore there as it continues to grow its North American reinsurance business.
30 January 2012
Burns & Wilcox buys Chesterfield
Kaufman Group, parent of US-based wholesale broker Burns & Wilcox, has bought UK-based broker Chesterfield Group.
30 January 2012
Dual chief welcomes shift of emphasis away from profit commissions
Bob Van Gieson, non-executive chairman of Hyperion MGA Dual, has hailed the group's improved performance as evidence of the success of creating a better balance and not being solely reliant on profit commissions for income.
30 January 2012
Generali insists 1.1 cat programme fully placed without re-pricing
Italian insurer Generali has denied reports from this publication that its 1 January catastrophe reinsurance programme was placed after being re-priced upwards by the market.
30 January 2012
Marsh cuts back use of US wholesalers
Six months after Aon slashed the number of US wholesale brokers it uses to just two, rival broker Marsh has followed suit, scaling back the number of wholesalers it works with to four, The Insurance Insider has learned.
30 January 2012
Flagstone passes M&A deadline with only modest interest
The deadline for expressions of interest in Flagstone's Lloyd's business passed the week before last, with ex-Ascot CEO Martin Reith and Matt Fairfield's start-up ANV the only credible bidders, The Insurance Insider understands.
30 January 2012
Hannover Re in tighter 2012 retro renewal
Hannover Re was made to pay for a loss-struck year when it renewed its retrocession programmes at 1 January, but found the retro market more forgiving than it had expected.
30 January 2012
Aquiline backs cat fund model with Juniperus buy
Insurance-specialist private equity investor Aquiline Capital Partners has bought Bermuda-based catastrophe investment manager Juniperus Capital Ltd (JCL).
30 January 2012
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