NewsPeople MovesBeale eyeing one more ‘big’ exec role after Lloyd'sOutgoing Lloyd’s CEO Inga Beale has said she is eyeing a final “big” executive role after she steps down from her position at the helm of the market next year.Thu 12 Jul 2018
NewsJLT Re questions credibility of risk modellersJLT Re has reiterated its scepticism of risk modelling firms and questioned the reliability of modelling tools in the wake of natural catastrophes. Thu 12 Jul 2018
NewsPeople MovesMarkel takes ex-Chubb exec Cox as operations boss amid reshuffleMarkel has hired Chubb’s former president of North American financial lines Robert Cox as president and chief operating officer for insurance operations. Wed 11 Jul 2018
NewsLloyd’s crack down set to result in Advent run-offLloyd’s determination to close down underperforming classes of business or even syndicates has been highlighted today with the news that the loss-making Lloyd’s insurer Advent Capital Holdings is likely to go into run-off following a strategic review.Wed 11 Jul 2018
NewsCasualty ReinsuranceRSG looks to create $200mn+ reinsurance vehiclePat Ryan’s managing general underwriting platform is looking to raise more than $200mn to launch a rated reinsurance vehicle that will enable the group to participate on some of the risks it writes.Wed 11 Jul 2018
NewsLossesInsured nat cat losses down a third in 2018Insured losses stemming from natural catastrophes in the first half of 2018 were down a third compared to the first six months of 2017, according to Munich Re.Wed 11 Jul 2018
NewsM&ACatlin brand to remain in Lloyd’s after Axa-XL deal completesThe XL Catlin brand will continue to hang over the syndicate’s box at Lloyd’s in the wake of Axa’s $15.3bn deal to buy its parent.Wed 11 Jul 2018
NewsLloyd’s launches online tool matching coverholders to capacityLloyd’s has launched a new online platform that will link coverholders to syndicate underwriters as it signals a move toward an online portal to bind risks.Wed 11 Jul 2018
NewsLossesUS storms expected to cost insurers $3bnSevere thunderstorms in the month of June have led to over $3bn of insured losses, according to estimates by Aon.Tue 10 Jul 2018
NewsPeople MovesEndeavour taps Howden's international director as CEOEndeavour has hired Karen Allen from Howden to take over as CEO of the broking house as it merges with marine broker SSL.Tue 10 Jul 2018
NewsProperty catastropheKingstone increases cat limit by 40 percent and enjoys rate reductionNASDAQ-listed US insurer Kingstone Companies increased its cat treaty limit by over 40 percent at the 1 July renewals while enjoying a “single digit” reduction in the risk premium paid to its panel of 46 reinsurers.Tue 10 Jul 2018
NewsMarineAcappella builds out marine liability team after closing cargo bookLaurence Winter is set to join Lloyd’s platform Acappella to lead its marine liability business, re-Insurance.com understands.Tue 10 Jul 2018
NewsPolitical riskAon and Chubb launch Lloyd’s terrorism and political violence facilityBroking house Aon and (re)insurer Chubb have collaborated to create a stand-alone terrorism and political violence solution at Lloyd’s, the two companies announced today. Tue 10 Jul 2018
NewsM&ABP Marsh takes stake in Australian MGABP Marsh has acquired a 20 percent stake in Australian managing general agent ATC Insurance Solutions, the UK-based insurance investment house announced today. Tue 10 Jul 2018
NewsPeople MovesR-T Specialty’s ProExec hires LeggePat Ryan-owned wholesale broker R-T Specialty has hired Vanbridge co-founder Jonathan Legge to lead its transactional liability and private equity practices under the RT ProExec brand.Tue 10 Jul 2018
NewsLossesJapanese flood losses likely to top $1bnEconomic losses from flash floods and mudslides that have devastated parts of southern Japan in the past two weeks are likely to exceed $1bn, according to an early estimate from Aon.Tue 10 Jul 2018