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Insurance
Mark Mugge, the chief financial officer (CFO) of broker Arthur J Gallagher (AJG) International, has resigned. 3 February 2015
Insurance
A budget cut of around €1.7 million is set to affect the delivery of European Insurance and Occupational Pensions Authority’s (EIOPA) main tasks, after a review of revenue and expenditure. 3 February 2015
Insurance
Specialist Lloyd’s insurer Novae Group has appointed Robert Patten as head of its casualty division and a member of the executive committee. 3 February 2015
Insurance
CBPE Capital has acquired a majority stake in independent re/insurance legacy specialist Compre from Milestone Capital Partners. 3 February 2015
Insurance
Re/insurer XL posted a solid set of results for the year ended December 31, 2014, partly on the back of low levels of catastrophe losses for the period. It also enjoyed some solid growth, especially during the fourth quarter. 3 February 2015
Alternative Risk Transfer
Growth in the collateralised market will increase in 2015, with a heavy focus on sidecars, but catastrophe bond growth is likely to be flat. 2 February 2015
News
Despite the wave of consolidation in the reinsurance industry at the moment, many believe that there remains a role for smaller, niche players, a survey by Intelligent Insurer has revealed. 2 February 2015
Insurance
The board of UK-based Towergate Insurance has agreed a financial restructuring deal, which will see senior secured creditors take over ownership of the group. 2 February 2015
Insurance
American International Group’s (AIG) commercial insurance division has introduced a new product designed to help customers respond to risks from a celebrity endorser's public fall from grace, scandal, or unexpected death. 2 February 2015
Insurance
XL Group has appointed Rob Turner as lead consultant to establish its complex accounts capabilities in London. 30 January 2015
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