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Aviva unveils new chairman
UK and international composite insurer Aviva has announced that John McFarlane will become its chairman in 2012
15 June 2011
AIR: US May storms to cost $4bn-$7bn
The severe thunderstorms that wrought destruction across many States in the US between 20-27 May will cost insurers between $4bn and $7bn, catastrophe-modelling agency AIR Worldwide has estimated
15 June 2011
Zurich in $950mn run-off deal with Swiss Re
Global insurer Zurich Financial Services Group has sold its UK-based P&C run-off business to Swiss Re at book value
15 June 2011
State Auto Q2 storm losses up to $135mn
State Auto Financial Corporation's Q2 results will be hit by $45mn to $50mn of pre-tax catastrophe losses from May storms on top of the $75mn to $85mn it had already announced for April.
15 June 2011
Mariah on CreditWatch over Joplin max-out fears
Ratings agency Standard & Poor's has placed American Family Mutual Insurance's $100mn tornado cat bond Mariah Re 2010-1 on CreditWatch with negative implications
14 June 2011
Aon construction CEO exits the business
The CEO of Aon's Construction Services Group Peter Arkley has resigned his position and will be replaced by his number two Kevin White with immediate effect.
14 June 2011
BMS lures Guy Carpenter exec to build out US reinsurance platform
Expansive broker BMS has lured Philip Campbell from Guy Carpenter to help build out its US reinsurance platform.
14 June 2011
Leading Transatlantic shareholder threatens to oppose Allied World merger
Transatlantic Holdings' biggest shareholder Davis Selected Advisers LP has threatened to oppose the New York reinsurer's merger with Swiss-domiciled Allied World Assurance Holdings and seek other potential suitors.
14 June 2011
QBE in cat-hit H1 profit warning
Australian insurance giant QBE has warned investors its profit margins will be squeezed by the heavy catastrophe burden in the first half of the year
14 June 2011
London Message Exchange progress questioned
A remuneration row is developing over the nascent London Message Exchange after a technology vendor proposed reintroducing a charge to underwriters for accessing e-endorsements data
14 June 2011
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