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Lloyd's syndicates balloon as buyers seek bigger partners

By: Sarah Veysey

Published April 26, 2015 - 6:00am CST

The recent uptick in mergers and acquisitions of Lloyd's of London business is resulting in syndicates that are very large by the market's historical standards.

Q&A: Grahame Chilton, Arthur J. Gallagher

Published April 26, 2015 - 6:00am CST

Grahame Chilton was named CEO of Arthur J. Gallagher's international operations in February, a role that will take effect after all regulatory approvals are in place. His career spans more than 30 years. In 2013 he founded specialist reinsurance broker Capsicum Re, a joint-venture with Gallagher. He previously was chairman of Aon Benfield Group Ltd., having overseen the sale of Benfield Group Ltd....

Risk manager reflections, Part 1: Captives prove invaluable risk management tool

By: Alan Fleming

Published April 24, 2015 - 12:26pm CST

Captive insurance companies provide their owners with much more than tax advantages and insurance capacity. Long-time risk manager Alan Fleming reflects on how the use of captives has evolved over the course of his career.

Risk manager reflections, Part 2: Captives evolve as catastrophe risks grow

By: Alan Fleming

Published April 24, 2015 - 12:17pm CST

In the second of two articles looking at the development of captive insurers, long-time risk management expert Alan Fleming reflects on recent captive innovations he was involved with.

Willis launches claims practice addressing large-scale disasters

By: Matthew Lerner

Published April 22, 2015 - 1:37pm CST

Willis Group Holdings P.L.C. on Wednesday said it has created a forensic accounting and complex claims practice to aid recovery efforts across a wide range of disciplines after large-scale disasters.

International insurer's founding CEO resigns

By: Sarah Veysey

Published April 21, 2015 - 9:49am CST

R. Matthew Fairfield has stepped down as CEO of ANV Holdings B.V., effective immediately, the Amsterdam-based specialty insurer announced.

Europe's March windstorm could blow in $1.6 billion in insured losses

By: Sarah Veysey

Published April 20, 2015 - 9:53am CST

Insured property losses from Windstorm Niklas that hit Europe in March will be between €750 million ($810.5 million) and €1.5 billion, ($1.62 billion) according to catastrophe modeler Risk Management Solutions Inc.

AIG invests in cyber investigation firm

By: Judy Greenwald

Published April 16, 2015 - 12:08pm CST

American International Group Inc. has obtained a minority stake in cyber investigation firm K2 Intelligence with plans to co-develop products and services with the company, the New York-based insurer said.

Willis promotes exec amid legal fight over poaching

By: Matthew Lerner

Published April 16, 2015 - 11:38am CST

Willis Group Holdings appointed a new chief for one of its specialty units amid a legal fight over a rival brokerage's alleged illegal poaching raid on the unit.

Equinox Global to offer specialist claims service

By: Shelby Livingston

Published April 16, 2015 - 10:04am CST

Trade credit insurer Equinox Global Ltd. has launched a specialist claims service to be led by John Davison.

Lloyd's of London names western U.S. regional director

By: Shelby Livingston

Published April 15, 2015 - 12:43pm CST

Lloyd's of London has tapped Richard Magrath to be its regional director for the western U.S.

Tokio Millennium Re to establish London branch

By: Shelby Livingston

Published April 15, 2015 - 12:27pm CST

Tokio Millennium Re A.G. has received authorization to establish a U.K. branch and will begin writing business in the United Kingdom July 1, the reinsurer said Wednesday.

Sharia-compliant equine coverage launched at Lloyd's

By: Shelby Livingston

Published April 14, 2015 - 2:36pm CST

XL Group P.L.C. and London-based managing general agency Cobalt Underwriting Services Ltd. have launched a Sharia-compliant equine coverage, XL said in a statement.

Willis sues JLT over poaching allegations

By: Matthew Lerner

Published April 14, 2015 - 2:27pm CST

Willis Ltd. announced Tuesday that it has sued Jardine Lloyd Thompson Group P.L.C., JLT Specialty Ltd. and former Willis employee David Gordon for damages over JLT's poaching of Willis employees.

Scottish asbestos proposal under fire from insurers

By: Sarah Veysey

Published April 14, 2015 - 9:25am CST

A proposed bill that would enable the Scottish government to recover the cost of treating victims of asbestos-related disease from insurers could push up insurance rates and may even be unlawful.

Tokio Marine names former Catlin exec group head of claims

By: Shelby Livingston

Published April 08, 2015 - 3:24pm CST

Former Catlin executive Nick Sinfield will lead Tokio Marine Kiln Group Ltd. as group head of claims, the London-based insurer announced.

March windstorm damage in Europe could top $1 billion

By: Matthew Lerner

Published April 08, 2015 - 12:02pm CST

Economic and insured losses will likely exceed $ 1.0 billion as a result of damage caused by European windstorms Mike and Niklas during March, according to a report released Wednesday.

OMG. Insurer notes failure for jobseekers using txt shorthand

Published April 08, 2015 - 10:04am CST

DYJHIW people use text shorthand when applying for a job?

Windstorm loss estimate increases

By: Sarah Veysey

Published April 08, 2015 - 9:42am CST

Insured property losses from windstorm Elon-Felix, that hit Western and Northern Europe from Jan. 8 to 11, totaled about €335 million ($367.6 million), according to the latest estimate by catastrophe loss data company Perils A.G.

Marsh names risk and governance director for U.K., Ireland

By: Sarah Veysey

Published April 07, 2015 - 9:38am CST

Marsh L.L.C. on Tuesday said it has appointed Sally Williams as director of risk and governance for its U.K. and Ireland activities.

Extratropical Cyclone Niklas hits Europe hard

By: Sarah Veysey

Published April 07, 2015 - 9:30am CST

Insured losses from Extratropical Cyclone Niklas, which hit areas of Europe in late March, likely will range between €1.0 billion and €1.9 billion ($1.10 billion and $2.09 billion), according to catastrophe modeling firm AIR Worldwide Corp.

Integro acquires corporate broker group

By: Matthew Lerner

Published April 02, 2015 - 2:54pm CST

Brokerage Integro Ltd. has acquired NPA Insurance Broking Group, Integro said in a statement Thursday.

JLT Specialty hires specie, fine art and jewelry execs from Willis

By: Matthew Lerner

Published April 02, 2015 - 1:47pm CST

JLT Specialty Ltd. has hired away members of the specie, fine art and jewelry team from Willis Group Holdings P.L.C. including Barry Vickery and David Gordon, who will head the team for JLT in the U.K., the company said in a statement Thursday.

Cooper Gay Swett & Crawford create MGA for professional liability market

By: Shelby Livingston

Published April 02, 2015 - 10:36am CST

Cooper Gay Swett & Crawford Ltd.'s North America unit has launched StatPro Underwriters, a managing general agent serving the U.S. miscellaneous professional liability insurance market.

Germanwings crash families must prepare for differing payouts

Published April 02, 2015 - 9:28am CST

(Reuters) — Families of those killed aboard the Germanwings flight are likely to receive vastly different payouts depending on their nationality, where they bought the ticket, and how much they earned.

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