News
More than $3.5bn Perils-based limits at risk
Perils AG has hailed the success of its industry loss index service, with the firm’s head of products describing it as “the industry loss trigger of choice” for transferring European storm risk to reinsurers and capital markets.
FSA approval time hits record high
The Financial Services Authority's deeper scrutiny of new business plans means that start-ups face record waiting times for regulatory approval, according to City law firm Reynolds Porter Chamberlain.
Insured losses from China quakes very low
Two magnitude 5.6 earthquakes that struck southwest China on Friday caused little to no insured losses, according to catastrophe modelling firm Eqecat.
GCC reinsurance markets to see price improvements
The outlook for reinsurance markets in the Gulf region remains positive, according to the third Gulf Cooperation Council Reinsurance Barometer published today.
Reinsurance market is united, says Guy Carpenter
Guy Carpenter & Company has praised the reinsurance industry for "coming of age" and finally "converging".
Willis attracts 12 new network members
Willis has attracted 12 new members to its UK broker networks.
Profitable growth still possible, says Guy Carpenter
Reinsurers should still be targeting profitable growth, despite challenging market conditions, broker Guy Carpenter said in a Monte Carlo press briefing on Sunday.
Novae Re appoints new senior management team
Novae Group has reorganised the key management team in its reinsurance division, Novae Re, in Zurich and London, following a number of departures earlier in the summer.
Guy Carpenter to open Shanghai Office
Reinsurance broker Guy Carpenter has received approval from the China Insurance Regulatory Commission to open a branch office in Shanghai.
Truell eyes up motor insurers
Edmund Truell, founder of Duke Street Capital and Pension Corporation, has not ruled out a future bid for Royal Bank of Scotland's insurance arm, Direct Line.
Novae reveals reinsurance management reshuffle
Novae has restructured the key management team in its Novae Re reinsurance division in Zurich and London, following a stream of departures earlier in the summer.
Hannover Re looks forward to Jan renewals
Hannover Re is "looking ahead with confidence" to the 1 January treaty renewals after being upgraded from A to A+ by AM Best.
Labuan cracks down on unqualified brokers
Only certified professionals will be allowed to operate as brokers in Labuan by the end of 2013 under regulations designed by the Labuan Financial Services Authority to boost the territory’s international reputation.
GAB Robins hires former Cunningham Lindsey adjuster
GAB Robins have today announced the appointment of Maggie Cowing to the newly created position of head of major and complex loss.
Tesco Underwriting CUO moves to RSA
Andy Baughan is to join the firm as motor product director.
UK court approves launch of QBE Re
A UK court has approved QBE's plans to merge its non-Lloyd's reinsurance businesses across Europe.
Charles Taylor opens Italian office
Charles Taylor Insurance Services has hired ex-Aon broker Dario Giovara to lead a new office in Italy.
Aviva Europe CUO joins Towers Watson
Professional services firm Towers Watson has appointed David Ovenden, former Aviva chief underwriting officer for Europe, to lead its underwriting analysis practice.
ACGS offers new reputation harm product
Allianz Global Corporate & Specialty has launched a new product designed to protect smaller companies from reputation harm.
"Waiting is no longer an option," McGavick tells risk managers
Insurers must "change their mindset" if they are to remain relevant in a changing world, XL chief executive Mike McGavick, pictured, told risk managers in Germany yesterday.
GAB Robins appoints ex-Cunningham Lindsey adjuster
GAB Robins has recruited Maggie Cowing, pictured, to the newly created position of head of major and complex loss.
AGCS unveils new reputation protection product
Allianz Global Corporate & Specialty is to launch a new product next month designed to help companies protect their reputation in times of crisis.
Dozens killed as quake strikes southwest China
At least 43 people were killed and 150 injured after a magnitude 5.7 earthquake struck southwest China's Yunnan and Guizhou provinces on Friday, according to China Daily.
Brokers give Ageas seal of approval on Groupama acquisition talks
Brokers have hailed Ageas' potential move to acquire Groupama UK as a "logical fit", but warned that the insurer's troubled past may do little to win back lost brokers.