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Xaver losses estimated at €680m
PERILS, catastrophe insurance data specialist, believes that Windstorm Xaver, which affected Western and Northern Europe in early December last year, will cost the industry some €680 million.   16 January 2014
Insurance
Excessive regulation threatens London market
Excessive regulation and multiple layers of capital standards potentially threaten London’s position at the heart of the insurance and risk-transfer world, the International Underwriting Association (IUA) has warned.   15 January 2014
Insurance
Skuld reinforces casualty management
Marine insurer Skuld has appointed Sandro Vuylsteke as global casualty co-ordinator.   15 January 2014
Insurance
Brit poaches Amlin UK property team
Brit Group has hired three senior underwriters from Amlin in an attempt to develop a new UK property portfolio.   15 January 2014
Insurance
Pioneer launches Lloyd’s sub syndicate
Pioneer Underwriters has joined forces with Liberty Syndicate 4472 to launch a new sub syndicate.   15 January 2014
Insurance
Novae appoints head for its new cyber division
Lloyd’s insurer, Novae Group, has appointed Dan Trueman as head of its new cyber division. He will report to Jonathan Butcher, group underwriting director.   14 January 2014
News
Barbican strengthens non-marine reinsurance team
Barbican Insurance Group has appointed Lucy Town as an underwriter in the non-marine reinsurance department, with immediate effect. Town will be underwriting US casualty reinsurance business and will report to Ondine Bourrut Lacouture, underwriting manager North American casualty reinsurance.   14 January 2014
Insurance
2013 catastrophe losses reach $45 billion
Re/insurers faced natural catastrophe losses of $45 billion in 2013 – 22 percent lower than the ten-year average of $58 billion and the lowest total since 2009, according to Aon Benfield’s Impact Forecasting.   14 January 2014
Insurance
Flood controls work; now build more
Flood control measures saved Europe from significant losses after the region faced this year’s costliest catastrophe. But there are still lessons to be learned and more must be done in other parts of the world, according to Munich Re.   10 January 2014
Insurance
Equinox hires trade credit expert
Equinox Global, the Lloyd’s cover holder specialising in trade credit insurance, has appointed Genevieve Ahinful as senior underwriter. She joins from AJG UK.   9 January 2014

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