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ERS blames poor investment returns for H1 loss

Europe14-08-2015Insurance News

Motor insurer ERS has blamed lower than expected investment income and one-off transformation costs for losses made in the first half of 2015.

Global Risk Partners backs MBO at broker

Europe14-08-2015Insurance News

Abbey Bond Lovis, a broker based in Northern Ireland, has completed a management buyout (MBO) backed by insurance investment vehicle, Global Risk Partners.

Locke Lord hires former insurance regulator

North America14-08-2015Insurance News

Law firm Locke Lord has appointed Alfred Bottalico, formerly the deputy commissioner for the financial surveillance branch of the California Department of Insurance, as an insurance specialist its Los Angeles Regulatory & Transactional Insurance Practice Group.

Caribbean cat pool reveals pay-outs; entices Central American members

North America14-08-2015Insurance News

What was formerly the Caribbean Catastrophe Risk Insurance Facility (but has since been rebranded the CCRIF SPC) paid out $3.4 million to three member governments under its excess rainfall coverage last year – a policy only introduced that year.

UnipolSai completes Italy earthquake ILS first

Europe14-08-2015Insurance News

UnipolSai Assicurazioni, the insurance arm of the Italian Unipol Group, has completed the first insurance-linked security (ILS) to cover earthquake risk in Italy. The deal is also the insurer’s first cat bond of any type.

ACE appoints financial lines manager

Europe14-08-2015Insurance News

Insurer ACE has appointed Jana Dünkeloh as financial lines manager in Germany, responsible for the growth of ACE’s financial lines portfolio in Germany and Austria.

Integro boosts aviation expertise with acquisition

Europe, North America14-08-2015Insurance News

Broker Integro has strengthened its aviation expertise with the acquisition of AFL Insurance Brokers’ aviation division.

Torus US appoints CEO

North America13-08-2015Insurance News

Torus US has appointed Norman Brown as chief executive officer (CEO), replacing interim CEO John Shettle.

PRA unveils insurance accountability regime

Europe13-08-2015Insurance News

The Prudential Regulation Authority (PRA) has revealed the ways in which it will hold senior insurance managers accountable under a new regime.

IGI profits slip in H1; CEO remains confident

MENA13-08-2015Insurance News

Re/insurer International General Insurance (IGI), a Dubai-based insurance group with operations in Bermuda and London, reported a fall in profits and gross written premiums (GWP) in the first half of 2015.

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