31 January 2015

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Brisbane hail losses reach A$1bn mark

15 January 2015

Insured losses from the Brisbane hailstorm in November have reached A$1.04bn ($846mn), from over 100,000 submitted claims, according to an update from the Insurance Council of Australia (ICA) today (15 January)Read more


Amtrak insurers press court on flood definitions

15 January 2015

Insurers named as defendants in the $1bn+ Superstorm Sandy suit brought by US railroad operator Amtrak have filed motions opposing Amtrak's request for summary judgment on details of its claimRead more


Capsicum takes Payton from GC Fac

15 January 2015

Malcolm Payton has resigned as head of GC Fac London less than a year after he was promoted to the position, Inside FAC can revealRead more


Direct and treaty market competition drives further fac softening

14 January 2015

Facultative reinsurance rates fell by up to 20 percent at renewals, with competition from direct markets and enlarged treaties driving softening rates, according to Aon BenfieldRead more


AGCS lowers premium spend in multi-line agg switch

14 January 2015

Allianz Global & Corporate Specialty (AGCS) has replaced its purchase of standalone risk covers with a single multi-line aggregate structure at 1 January, withdrawing yet more premium from the market, sister publication The Insurance Insider reportedRead more


Amlin AG CEO Regazzoni departs

14 January 2015

Philippe Regazzoni is leaving Lloyd's (re)insurer Amlin after four years as CEO of its reinsurance subsidiary Amlin AG and an Amlin Management Committee member, Inside FAC can revealRead more


Nat cat insured losses at five year low: Aon Benfield

13 January 2015

Insured losses from natural catastrophe (nat cat) events in 2014 hit a five-year low, according to Aon Benfield's cat modelling division, Impact ForecastingRead more


Drone fever

12 January 2015

If there's one thing more embarrassing and more worthy of sober reflection in the New Year than office Christmas Party antics, it's the degree of hyperbole with which the media indulges itself in the run-up to ChristmasRead more


In through the out door

12 January 2015

Qatar Re has hired former JLT Re CEO Alastair Speare-Cole as chief underwriting officer (CUO). Speare-Cole replaces Willi Schürch, who is retiring from his current roleRead more


News digest

12 January 2015

Reinsurance buyers sought to broaden their panels at January renewals after taking a more concentrated approach to "tiering" their relationships last year, said Nick Frankland, CEO of Guy Carpenter's European divisionRead more


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