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Insurance
The Association of British Insurers (ABI) says that the floods caused by storms Desmond, Eva and Frank during December and over the New Year in the UK are set to cost ABI members £1.3 billion in payouts to customers affected. 11 January 2016
Insurance
Bermuda-based holding company Everest Re Group has appointed Paul Kneafsey as active underwriter of its Lloyd’s Syndicate 2786. 11 January 2016
Insurance
MSIG at Lloyd’s, the international specialty arm of Mitsui Sumitomo Insurance Group, has appointed Peter Dickel and Nichola Dunne as accident and health (A&H) underwriters. 11 January 2016
Insurance
Outsourcing company Xchanging has recommended its shareholders accept technology firm Computer Sciences Corporation (CSC)’s offer to acquire the firm. 11 January 2016
Insurance
Paul Kneafsey, the casualty head at ArgoGlobal, the Lloyd’s insurer and member of Argo Group, has stepped down. 8 January 2016
Insurance
Hamilton Underwriting, the managing agency of Lloyd’s Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group, has appointed Adrian Daws as deputy active underwriter and head of specialty. 8 January 2016
Alternative Risk Transfer
Catastrophe bond issuance activity in 2015 fell approximately 25 percent year over year by limit, according to a report from Property Claims Services (PCS), a division of Verisk Analytics. 8 January 2016
Insurance
Lloyd’s insurer Novae has appointed Nicola Wood as unit head of its US excess casualty unit and Laurence Burrows as a senior underwriter in the same unit. 8 January 2016
Insurance
The Financial Conduct Authority (FCA), the UK regulator, has confirmed that Tracey McDermott, acting chief executive has decided to withdraw from the process to appoint the permanent chief executive of the FCA. 8 January 2016
News
The January 2016 reinsurance renewals were orderly, stable and very business-like, according to Nick Frankland, chief executive officer of Guy Carpenter’s EMEA operations division. 7 January 2016
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