Business Insurance - _Brokers & Insurers http://businessinsurance.com/section/news04 http://www.businessinsurance.com en-us Mon, 22 Dec 2014 18:47:31 EST 10 Catlin sells European personalized auto insurance service for $133M http://businessinsurance.com/article/20141222/NEWS04/141229980 20141222/NEWS04/141229980 Catlin Insurance Co. Ltd., a subsidiary of Hamilton, Bermuda-based Catlin Group Ltd. has agreed to sell its investment in Box Innovation Group Ltd. a personalized auto insurance service that trades as Insure the Box, to Aioi Nissay Dowa Insurance Co. Mon, 22 Dec 2014 11:49:48 EST CNA commercial president and COO Lindemann to retire http://businessinsurance.com/article/20141222/NEWS04/141229981 20141222/NEWS04/141229981 Robert Lindemann will retire as president and chief operating officer of CNA Commercial on Dec. 31, CNA Financial Corp. announced Friday. Mon, 22 Dec 2014 11:41:55 EST Amlin acquires $200M reinsurance coverage for U.S., European storms http://businessinsurance.com/article/20141222/NEWS04/141229982 20141222/NEWS04/141229982 Amlin P.L.C. has acquired reinsurance coverage of up to $200 million for U.S. named storm, U.S. earthquake and European windstorm perils via a Bermuda-based special purpose insurer, Tramline Re II Ltd., Amlin announced Monday. Mon, 22 Dec 2014 11:33:49 EST Bermuda commercial insurers in line for Solvency II compliance http://businessinsurance.com/article/20141222/NEWS04/141229983 20141222/NEWS04/141229983 A report from the European Insurance and Occupational Pensions Authority has endorsed key aspects of Bermuda’s commercial insurance and reinsurance regulatory regime as meeting the criteria of Solvency II, the Bermuda Monetary Authority said Friday. Mon, 22 Dec 2014 10:51:38 EST Risk modelers look to clarify cyber risk costs http://businessinsurance.com/article/20141222/NEWS04/141229988 20141222/NEWS04/141229988 (Reuters) — Even as the Sony Corp. cyber attack laid bare the kinds of vulnerabilities that typically drive companies to buy insurance policies, the lack of a risk model for insurers means such protection is not always easy to get. Mon, 22 Dec 2014 09:35:51 EST Barbican gets OK for special purpose Lloyd's syndicate http://businessinsurance.com/article/20141222/NEWS04/141229989 20141222/NEWS04/141229989 Barbican Insurance Group has received approval to set up a special purpose syndicate at Lloyd's of London. Mon, 22 Dec 2014 09:22:11 EST London looks to change tax rates to lure and retain reinsurance business http://businessinsurance.com/article/20141221/NEWS04/312219982 20141221/NEWS04/312219982 A U.K. government drive to attract and retain reinsurance business in London has been welcomed by market participants concerned about competitive threats posed by other jurisdictions. Sun, 21 Dec 2014 06:00:00 EST XL Group's $3.4 billion bid to buy London rival Catlin may start trend http://businessinsurance.com/article/20141221/NEWS04/312219985 20141221/NEWS04/312219985 XL Group P.L.C. will gain scale and a much bigger London presence with its proposed acquisition of Catlin Group Ltd., though some experts express caution about potential pitfalls of the combination. Sun, 21 Dec 2014 06:00:00 EST UP CLOSE: William D. Rhodes http://businessinsurance.com/article/20141221/NEWS04/312219993 20141221/NEWS04/312219993 KING OF PRUSSIA, PENNSYLVANIA-BASED PRESIDENT AND CHIEF OPERATING OFFICER Sun, 21 Dec 2014 06:00:00 EST COMMENTARY: U.S. broker licensing entity should revive with TRIA http://businessinsurance.com/article/20141221/NEWS04/312219997 20141221/NEWS04/312219997 There's much to be disappointed about in the Senate's failure to pass the Terrorism Risk Insurance Program Reauthorization Act of 2014, not the least of which is the fate of the unrelated measure attached to the bill that would have streamlined broker... Sun, 21 Dec 2014 06:00:00 EST