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Insurance
WR Berkley sees GWP increase but cat losses affect profits
WR Berkley, a property/casualty insurer, has experienced an increase in its gross written premiums (GWP) in its second quarter 2016 results but catastrophe losses have adversely affected its net income and combined ratio.   26 July 2016
Insurance
Falling costs make reinsurance an efficient form of capital: JLT
The falling cost of reinsurance has now made it a more efficient form of contingent capital when compared to equity debt and a carrier’s own capital, according to a report from JLT Re.   26 July 2016
Insurance
ICAT expands cat capacity with help of Neon
ICAT, an underwriter at Lloyd’s, has provided an additional $10 million of per-risk capacity to catastrophe-exposed commercial properties in the US by partnering with Neon, expanding ICAT’s per-risk catastrophe capacity up to $150 million.   26 July 2016
Insurance
FCA finds 'significant flaws' in appointed representatives of principal firms
The Financial Conduct Authority (FCA) has found significant failings in the control and oversight of appointed representatives by their principal firms in the general insurance market.   25 July 2016
Insurance
Sompo Canopius appoints chief commercial officer
Sompo Canopius has appointed Paul Kedney as chief commercial officer. He will also join the group’s executive committee.   25 July 2016
Insurance
XL Catlin appoints former AIG product manager
XL Catlin has expanded its Iberia insurance operation with the appointment of Eduardo Guinea as client and distribution leader Iberia.   25 July 2016
Insurance
Towergate names managing director to lead growth
Towergate Insurance has appointed Neil Pearce as managing director of Towergate London Market, effective September 5 2016.   25 July 2016
Insurance
Beazley sees significant growth despite subdued claims activity
Specialist re/insurer Beazley has claimed what it described as 'significant' gross premium written (GPW) growth across several lines of its business despite subdued claims activity in the first half of 2016.   22 July 2016
Insurance
Insureon introduces MGA with over $3bn of capacity from Lloyd’s
Insureon, an online agent for small-business insurance, has formed a managing general agent (MGA), Insureon Underwriting Managers, to operate under the company’s wholesale brokerage subsidiary, Insurance Noodle.   22 July 2016
Insurance
Cathedral takes on VIPR for bordereaux system
Cathedral Underwriting, a Lloyd’s managing agent, has contracted insurance software provider VIPR for its bordereaux management system, Intrali.   22 July 2016

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