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Lloyd’s tight-lipped on relocation rumours

Europe06-06-2014Insurance News

Lloyd’s of London has declined to comment on speculation that it is on the verge of quitting its iconic headquarters and moving into a new Leadenhall Triangle scheme.

US commercial lines harden slightly

North America06-06-2014Insurance News

Composite rates for both personal and commercial US property and casualty insurance rose by 3 percent in May, according to a report released Thursday by MarketScout, placing both lines between the ‘flat’ to ‘adjusting upward’ categories on MarketScout's barometer.

Thunderstorms drive losses in subdued US tornado season

North America06-06-2014Insurance News

Despite subdued tornado activity in the US during May, thunderstorm activity drove losses with four periods of severe weather resulting in aggregate insured losses estimated at more than $1 billion.

AIG authorises additional $2bn share repurchase

North America06-06-2014Insurance News

American International Group’s (AIG) board of directors has authorised the repurchase of additional shares of AIG common stock with an aggregate purchase price of up to $2 billion.

Continental Re appoints head of life operations

Africa06-06-2014Reinsurance News

Continental Reinsurance, Africa’s largest private reinsurer outside of South Africa, has appointed Abayomi Oluremi-Judah as the company’s new head of life operations.

Catlin Middle East launches in Dubai

MENA06-06-2014Insurance News, Reinsurance News

Re/insurer Catlin Group has established Catlin Middle East in the Dubai International Financial Centre (DIFC).

US P&C industry reserve position worsens

North America06-06-2014Insurance News

The US P&C insurance industry reserve position has deteriorated further, risking capital in a weakening rate environment.

Prosight appoints CFO; boosts underwriting team

Europe05-06-2014Insurance News

Lloyd’s business ProSight Specialty Underwriters has made several additions to its senior finance and underwriting leadership as it continues to grow its presence at Lloyd’s of London.

Tokio Millennium Re launches US branch

North America05-06-2014Reinsurance News

Tokio Millennium Re, the reinsurance unit of Tokio Marine & Nichido Fire Insurance, has established a US branch as part of its strategy of growth and diversification.

RFIB launches financial resource policy

Europe05-06-2014Insurance News, Reinsurance News

London-based broker RFIB has launched a financial resource policy, which is led by carrier Ironshore Europe.

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