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  • The private equity owned run-off insurers Seaton Insurance Co and Stonewall Insurance Co have appealed against a New York court decision last month which prevents them from pursuing a claim against a Randall & Quilter (R&Q) affiliate in the US.
  • Australian insurer will need to bring shareholders back on side if it is to remain an independent company despite QBE walking away
  • Former Catlin UK CEO Andreas Loucaides has resigned from the group to take up a new post at Lloyd's insurer Jubilee subject to regulatory approval, The Insurance Insider can reveal.
  • Lloyd's insurer Novae Group has put its legacy run-off business out to tender in a move that could see the firm finally free itself from the shackles of its past, The Insurance Insider can reveal.
  • The 1 June Florida property cat renewal is expected to have produced average rate reductions of around 15 percent, according to a report from reinsurance broker Guy Carpenter.
  • Benfield has confirmed a tie-up with Michael Cash that sees it invest $50mn in a fund managed by the former RenaissanceRe executive focussing on the collateralised catastrophe reinsurance and insurance linked securities (ILS) markets.
  • UK-listed intermediary Jardine Lloyd Thompson (JLT) could pay up to £8mn for independent London market (re)insurance broker Harman Wicks & Swayne (HWS), The Insurance Insider understands.
  • London market brokers have been "named and shamed" over their failure to adopt a key electronic initiative that could speed up the payment of premiums from brokers to (re)insurers.
  • Tensions are brewing between Lloyd’s underwriting supremo Rolf Tolle and at least two managing agents over demands for more performance management data as the market heads deeper into the soft cycle, The Insurance Insider has learnt.
  • Trio of brokers approach traditional and collateralised capacity as official hurricane season begins on 1 June