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Capsicum Re poaches JLT execs for partner roles
Specialist reinsurance broker Capsicum Re has added Alistair Lockhart-Smith and Jerry Reeves to its marine & energy specialty business, as a managing partner and partner respectively.   18 April 2016
Insurance
Progressive income falls by half despite premium growth
Profits at US motor insurance firm Progressive fell by 50 percent in March this year, compared to March 2015.   15 April 2016
News
TigerRisk makes electronic trade first using Xchanging platform
Xchanging, a provider of technology-enabled business solutions to the global commercial insurance industry, today announced TigerRisk Partners, the risk/capital management and strategic advisory firm, has transacted the first ever electronic secondary reinsurance trade using Xchanging’s X-gRm platform.   14 April 2016
Insurance
UAC and MGAA become reciprocal members
The Underwriting Agencies Council (UAC) and the London-based Managing General Agents Association (MGAA) have become reciprocal members.   14 April 2016
Insurance
Endurance hires AIG exec for SVP role at Global Risk Solutions
Endurance Specialty Holdings, a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has appointed Michael Nardiello as senior vice president (SVP), property product leader, Global Risk Solutions.   12 April 2016
Insurance
XL Catlin appoints chief excess casualty officer in Dublin
XL Catlin’s excess casualty insurance business has promoted Colm Lyons to the position of chief excess casualty officer in Dublin.   12 April 2016
Insurance
JLT agrees £22m settlement with Willis over staff poaching
Re/insurance firm Jardine Lloyd Thompson Group (JLT) has reached a settlement and concluded litigation with Willis regarding certain employment related disputes involving the fine arts, jewellery, and specie team hired by JLT from Willis in 2015.   11 April 2016
Insurance
Ironshore’s Pembroke Managing Agency enhances D&O product
Ironshore’s Pembroke Managing Agency has enhanced its directors and officers liability product for financial institutions to reflect changes to UK regulations.   8 April 2016
Insurance
Seven severe storms cause $3.5bn of damage in US
Seven severe US convective storm events impacted nearly every part of the country during March, according to the new Global Catastrophe Report from Impact Forecasting, Aon Benfield's catastrophe model development team.   7 April 2016
Insurance
Hamilton poaches Hardy exec for D&F role
Hamilton Underwriting, the managing agency of Lloyd’s Syndicate 3334 and the Lloyd’s operations of Hamilton Insurance Group, has appointed Miles Osorio as head of property direct and facultative (D&F).   5 April 2016

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