NewsEnergyQatar Re closes curtain on energy book as retrenchment continuesQatar Re has exited the energy market as the carrier continues to streamline its business.Mon 7 Jan 2019
NewsLossesInsurers on hook for A$670mn+ for Sydney hailstormsLosses stemming from the hailstorms across New South Wales in December are set to cost the industry upwards of A$670mn ($478mn), according to the Insurance Council of Australia.Mon 7 Jan 2019
NewsLegacyHawkins succeeds Matson as Compre CFOIndependent legacy acquirer Compre has named Simon Hawkins as chief financial officer, effective immediately. Mon 7 Jan 2019
NewsPeople MovesZurich swoops on Chubb for A&H business development headZurich has appointed Graham Wood to the newly created role of head of regional business development for accident & health (A&H).Mon 7 Jan 2019
NewsM&AArthur J Gallagher acquires specialist broker Stackhouse Poland GroupArthur J Gallagher has acquired specialist UK insurance broker Stackhouse Poland for an undisclosed sum.Mon 7 Jan 2019
NewsWar and terrorismPool Re returns contingency terror cover to commercial marketUK terror mutual Pool Re will cease to reinsure its members for the contingency cover it provides to insureds due to sufficient capacity now existing within the commercial insurance and reinsurance markets.Mon 7 Jan 2019
NewsPeople MovesHamilton hires new Lloyd’s CFO from WRBExpansive Hamilton Insurance Group has appointed a new CFO for its Lloyd’s Insurance arm, Hamilton Underwriting Ltd, following the departure of Simon Barrett last month.Mon 7 Jan 2019
NewsLegacyR&Q unveils second 2019 MGA program deal with KitsuneLondon-listed Randall & Quilter Investment Holdings Ltd (R&Q) has unveiled its second new European program underwriting transaction in under a week with an agreement to use its A- rated Malta subsidiary to front for the UK MGA Kitsune Ltd.Mon 7 Jan 2019
NewsRatesUS commercial rates up 2% in 2018The US commercial insurance composite rate increased on average 2 percent over the course of 2018, according to MarketScout.Fri 4 Jan 2019
NewsPeople MovesAmTrust executive exits continue after take-private dealAmTrust has continued to part company with senior management executives after the completion of its $2.95bn take-private deal with Stone Point at the end of November, The Insurer can reveal.Fri 4 Jan 2019
NewsPeople MovesNew London MGA Aurous hires Qatar Re energy duoAurous Risk Partners, the new London-based MGA, has hired a duo of former Qatar Re energy underwriters to lead its entry into the energy markets.Fri 4 Jan 2019
NewsEnergyDownstream energy losses trumped capacity by $2bn in 2018: JLTThe downstream energy market was hit with a loss bill of $3.75bn last year, outstripping the premium pool for the class by more than $2bn, according to JLT.Fri 4 Jan 2019
NewsCyberHackers target Hiscox and Lloyd’s in 9/11 data breach: reportThe FBI is undertaking an investigation into the theft of some 18,000 insurance and legal documents relating to the 11 September attacks by a hacker, according to reports.Fri 4 Jan 2019
NewsMaiden to return $700mn to AmTrust after exiting quota shareMaiden is to return approximately $700mn in gross unearned premium to AmTrust after being dropped from its US small commercial business quota share.Thu 3 Jan 2019
NewsLossesSuncorp on the hook for up to A$610mn H2 nat cat lossesAustralian carrier Suncorp expects the December hailstorms in Sydney to push its natural hazard loss bill to between A$600mn and A$610mn ($419mn and $426mn) in the second half of 2018.Thu 3 Jan 2019
NewsPeople MovesWR Berkley takes Chubb’s North America CUO Maloney and shuffles senior managementWR Berkley has swooped on Chubb for Michael Maloney as it appoints new executives.Thu 3 Jan 2019