NewsEnergyBMS hires Price Forbes executive to launch new direct energy operationThe London market wholesaler BMS is to launch an energy insurance division later this year, led by Price Forbes executive James Chicken.Tue 13 Feb 2018
NewsPeople MovesAFL Insurance Brokers bolsters wholesale property team with two hiresBarry Rowland has joined the broker, owned by former-Cooper Gay CEO Toby Esser, as director of property and casualty.Tue 13 Feb 2018
CommentLegal/ RegulatoryPool Re caught in political tidesAll too often the insurance industry is the whipping boy for headline-grabbing politicians after a catastrophe, and this was evident in the aftermath of the London Bridge attacks last year.Tue 13 Feb 2018
NewsLegal/ RegulatoryUK political overhaul delays much-needed broadening of Pool Re coverageSupporters fear UK government may miss a golden opportunity to reform state-backed terrorism reinsurer; Labour MP rebuffed in early bid to add legislation.Tue 13 Feb 2018
NewsLegal/ RegulatoryChina regulator slams 19 P&C carriers for 'illegal and disruptive' productsThe China Insurance Regulatory Commission (CIRC) has issued regulatory letters to 19 property and casualty (P&C) carriers chastising the companies for selling products inconsistent with their mandate as insurers.Tue 13 Feb 2018
NewsNexus acquires D&O MGA Apsley SpecialtyThe up-for-sale London-based managing general agent Nexus has acquired a smaller rival in the financial institutions space Apsley Specialty.Tue 13 Feb 2018
NewsM&APeak Re sells 13% stake to Prudential FinancialFosun-owned Hong Kong reinsurer Peak Re has struck a deal to sell 13.1 percent of its equity to US-based carrier Prudential Financial.Tue 13 Feb 2018
NewsResultsArch beats estimates as profits surgeArch Capital delivered an expectation-topping $187.4mn operating profit in the fourth quarter as it dodged significant losses from the catastrophes that plagued the industry in the final months of 2017.Tue 13 Feb 2018
NewsLossesLloyd’s yacht market in deep water after 2017 lossesSky-rocketing claims dealt Lloyd’s yacht underwriters a hefty blow last year as incurred claims soared to an eye-watering 221.4 percent of premium written in the fourth quarter.Mon 12 Feb 2018
NewsAviationMarsh criminal complaint puts aviation brokers in the spotlight againNews that four Marsh brokers are the subject of a criminal complaint over use of client information in the Philippines has once again again raised questions around broking practices in the aviation space.Mon 12 Feb 2018
NewsResultsSwiss Re shares finish the week flat despite Softbank investment rumoursShares in Swiss Re closed flat last week despite reports suggesting Japanese investment giant Softbank was eyeing a $10bn in the big-four reinsurance giant.Mon 12 Feb 2018
CommentResultsXL or XXL?Ten years ago, $1bn was the default minimum size for a global reinsurer/specialty carrier to be taken seriously.Mon 12 Feb 2018
NewsResultsUPDATE: CNA climbs 5% after reserve releases help Q4 beatCNA shares have surged over 5 percent in early trading in New York after the firm delivered a $286mn fourth quarter profit as the group’s $38mn of catastrophe losses was more than offset by reserve releases.Mon 12 Feb 2018
NewsPeople MovesStarStone swoops on ArgoGlobal for crisis management underwriterStarStone has appointed Andrew Summers senior political risk underwriter to join its newly launched crisis management division.Mon 12 Feb 2018
NewsEnergyBHSI moves into Dubai with AIG energy hireBerkshire Hathaway’s specialty operation BHSI is set to open shop in Dubai after receiving regulatory approval and hiring AIG’s global head of energy and engineered risks Alessandro Cerase.Mon 12 Feb 2018
NewsMarineBrit expands US marine operationsBrit has made two appointments to its US marine business and it continues to build out its yacht and cargo books in the wake of catastrophe losses incurred in the second half of last year.Mon 12 Feb 2018