September 2015/4

Working with China is the right thing to do and the UK should continue to focus on working with emerging markets, according to Vince Cable.

Charles Taylor managing agency has announced that The Standard Club's Syndicate 1884 plans to write political risks and terrorism business in 2016.

JLT is set to become the new broker for Portuguese airline TAP Group, The Insurance Insider understands.

Adams joins Nexus; Insurers' expansion plans; R&Q completes IC deal; JLT Re hires DeHane; Eckert leaves Gallagher board; IG to increase club retention; Ambant unveils CEO; Apollo names MGA management; RMS(one) ‘on track'; Energy and power GWP; BB&T's Reece to retire; Brit's Ambridge deal; Nelson joins Scottsdale; Liberty Mutual appoints Morelli; Hamilton hires Barrett; Non-damage BI for life science; Chinese interest in Bermuda

The high cost of primary insurance has been a significant factor in why reinsurance has struggled to drum up demand in the current market, Transatlantic Re CEO Mike Sapnar has claimed.

Towers Watson's proposed merger with (re)insurance broker Willis could be in jeopardy following criticism from the consultancy's investors over the transaction's value proposition.

UK broker aggregator Towergate is to shift its focus away from M&A and onto integration and infrastructure in a bid to regenerate under its new leadership team.

The core cat treaty bought by the Turkish Catastrophe Insurance Pool (TCIP) has priced down around 10 percent on a risk-adjusted basis, The Insurance Insider can reveal.

Ace pulled senior staff out of its Chinese joint venture Huatai earlier this year and transferred them to its Lloyd's platform, through which it is now expected to concentrate its efforts to penetrate the fast-growing market.

Financial lines insurers could find themselves subject to a raft of claim notifications on Volkswagen's major directors' and officers' (D&O) programmes, as the German car manufacturing giant continues to face the fallout from its admission that it cheated emissions tests in the US.

London market humourists were gifted an easy throwaway gag last week.

Japanese big three insurer Sompo Japan Nipponkoa could be heading for a $60mn claims dispute with its reinsurers over the Tianjin explosions, The Insurance Insider can reveal.