News
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Willis has appointed Seth Peller to the newly-created role of global head of casualty. 20 December 2013
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Insured losses from 2013 were half that suffered in 2012, with limited cat losses set to place additional pressure on what is likely to be a tough renewal. 19 December 2013
News
Sarah Turvill has retired as chairman of Willis International, effective from the end of 2013. She will not act as non-executive director on the Willis board. 18 December 2013
News
Cash-rich, top-three Japanese insurer, NKSJ Holdings has acquired Canopius for £594 million as it moves to broaden its international footprint through its purchase of the London market player. 18 December 2013
News
Inga Beale, former Group CEO at Canopius has been appointed CEO of the Lloyd’s market, succeeding Richard Ward. She will take up her position in January. 17 December 2013
News
The Federal Insurance Office’s Modernization Report has recommended greater federal oversight, a drive towards uniformity in state insurance regulation, and potential punitive measures for those states unwilling to play ball. 17 December 2013
ILS
Levels of share buybacks among Bermuda cat players reflect tough market conditions, with the renewals likely to be shaped by the influx of convergence capital. 17 December 2013
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The European Insurance and Occupational Pensions Authority’s December 13th Financial Stability Report argues that “extensive usage of ILS tend to cloud the picture in terms of understanding the risk transfer”. 13 December 2013
News
The reinsurance broker’s annual Hurricane Season Report states that there were less than a third of the normal number of hurricanes. 12 December 2013
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Aspen US Insurance hopes the office will help the company to capitalise on the shale energy boom and evolving regional environmental exposures. 10 December 2013
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