Articles by Mairi MacDonald
Munich Re: Sandy to drive up property insurance prices
Munich Re's reinsurance operation produced a Q3 operating result of €1.2bn (Q3 2011: €665m) and premium income of €7.5bn (Q3 2011: €6.5bn).
Munich Re estimates Sandy losses close to £400m
Munich Re has estimated its share of the losses from superstorm Sandy at the "mid three-digit million" euro range, despite the high number of individual losses making it difficult to assess the extent of the damage.
Scor catastrophe bond to protect against European perils
As part of a strategy to diversify its capital protection tools, Scor has launched a multi-million pound catastrophe bond to provide protection against European windstorms, US hurricanes and earthquakes.
Scor places catastrophe bond against Europe and US perils
Scor has launched a multi-million pound catastrophe bond to provide protection against US hurricanes and earthquakes and European windstorms as part of a strategy to diversify its capital protection tools.
DonFrancesco to leave Towergate
Towergate group head of marketing Marc DonFrancesco is leaving the business after six years.
LDC takes 22.5% stake in Keoghs
Private equity investor LDC has invested in Keoghs, taking a 22.5% shareholding, after the law firm was approved for an alternative business structure.
DLG Q3 combined ratio improves to 96.9%
Direct Line Group has reported a 4% slide in operating profit from ongoing operations for the third quarter 2012 of £123.7m compared with the same period in 2011.
Hiscox underwriters to differentiate between brick and stone buildings
Hiscox is updating its underwriting rules on buildings cover to reflect the difference in rebuilding cost between stone and brick properties.
Ferrets help to boost BGL sales in France
BGL Group has rebranded its French price comparison business as Lesfurets.com, or 'The Ferrets'.
Premium Credit sold to private equity house
Private equity firm GTCR has acquired Premium Credit from Bank of America affiliate MBNA Europe in a deal worth £900m.
RSA appoints SME deals head
Russell White has returned to RSA after five years at Allianz to become head of SME deals.
Lyons Davidson awarded ABS licence
Lyons Davidson has had its alternative business structure approved by the Solicitors Regulation Authority.
Davies appoints deputy chairman as interim CEO
Davies has confirmed that deputy chairman Mark Chapman has taken over as acting chief executive until a permanent replacement is found following Charles Crawford's departure.
Crawford and Webb leave Davies
Davies chief executive Charles Crawford has left the firm along with recently appointed chief operating officer Andy Webb.
Caribbean cat risk report issued on Sandy
The Caribbean Catastrophe Risk Insurance Facility has issued a risk report after two of its members, Jamaica and the Bahamas, were hit by tropical cyclone Sandy.
Aviva and Gallagher strengthen ties
A new commercial arrangement between Aviva and Gallagher Heath for standard and non-standard household products is expected to generate more than £200m in gross written premium over a three-year period.
Aviva engineering team joins Fusion
A team of senior engineering underwriters and development professionals has left Aviva to join Towergate-owned Fusion Insurance Services.
"Largest Atlantic hurricane on record" could bring losses of up to $15bn, warns AIR
Insured losses from Sandy to onshore properties in the US will be between $7bn and $15bn, AIR Worldwide has estimated.
Parry exits NIG amid restructure
Direct Line Group has confirmed the departure of sales and distribution director Dave Parry amid changes to the management structure at NIG.
Cooper Gay yacht specialist joins Chartis
Chartis has named former Cooper Gay broker Ben Lind as senior yacht underwriter in the firm's private client group.
Smith leaves Ink
The managing director of Ink Insurance Mike Smith has been placed on gardening leave.
RSA expands marine offering with Dutch deal
RSA is to provide up to $100m of charterers' liability capacity to Charterama, a Rotterdam-based underwriting agency.
IMR extends Xchanging tie-up
Xchanging has been awarded a five-year extension to its contract to operate the Insurers' Market Repository.
UK insurance group eyes Turkey and India acquisitions
UK insurance group BGL Group is to target Brazil, India and Turkey in a bid to widen its international footprint.