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Insurance
PERILS reveals second UK floods estimate
PERILS, provider of European catastrophe insurance data, has estimated its second loss estimate for the floods in the UK which occurred between 25 December 2015 to 14 January 2016 following storms Eva and Frank in late December, and further low pressure systems in early January 2016.   24 March 2016
Insurance
Energy firms must not cut investment in risk management
Despite falling revenues, energy firms must maintain their investment in risk management to reduce the potential for future major incidents and insurance claims, according to broker Marsh.   23 March 2016
Insurance
AJG acquires Kane’s insurance management business
International broker Arthur J Gallagher & Co has acquired Kane Group’s insurance management operations (KIM).   23 March 2016
Insurance
Cat losses down despite strong El Niño in 2015
Insured catastrophe losses in 2015 were below average, according to a new report by Guy Carpenter, despite the year being one of the strongest El Niño periods on record.   22 March 2016
Alternative Risk Transfer
Artex Risk Solutions acquires Kane’s ILS and captive business
Artex Risk Solutions, the Bermuda-based global insurance management firm, has acquired the captive management and insurance linked securities (ILS) administration business of fellow insurance manager Kane.   22 March 2016
News
Fitch downgrades PartnerRe’s IFS after EXOR merger
Fitch Ratings has downgraded PartnerRe’s insurer financial strength (IFS) rating to A+ from AA-.   21 March 2016
News
EXOR completes $6.9bn takeover of PartnerRe
Italian investment company EXOR has completed its lengthy battle to acquire PartnerRe.   21 March 2016
Insurance
Aon Risk Solutions hires former Marsh exec to lead UK business
Aon Risk Solutions, the global risk management business of Aon, has appointed Julie Page to lead its UK national business.   18 March 2016
article
Universal Insurance Holdings re-shuffles leadership team to reflect growth
Florida-based Universal Insurance Holdings has announced executive leadership promotions to leverage the strength of its senior executive team, reflecting the company's US growth in recent years.   17 March 2016
Insurance
Budget 2016: Insurers slam UK insurance premium tax hike
The insurance industry has warned that the further increase in insurance premium tax (IPT) in the UK, revealed today, will ultimately have to be passed onto customers.   16 March 2016

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