Andre Finn, founder and CEO of data analytics and underwriting management firm Sciemus, has been ousted as head of the company.
Willis Re is suing former chairman Peter Hearn and his brother David Hearn, who was formerly an executive vice president at the broker, for $3.6mn following the resignations of both men last year.
Willis is suing JLT after 32 employees from its fine art, jewellery and specie team left the broker to join its rival last year.
Lancashire Holdings' property portfolio demonstrated something of a variegated performance for 2015, despite gross written premium (GWP) increasing by some 12.6 percent for the fourth quarter, as the impact of multi-year contracts continued to take effect.
Allianz Global Corporate & Specialty (AGCS), the industrial and specialty insurance arm of Allianz, saw operating profits fall in 2015 by some 24 percent to EUR 423mn (2014: EUR560mn) as it suffered an underwriting loss for the year in difficult trading conditions.
Attention is focusing on the (re)insurance programme of Germany's state-backed railway operator Deutsche Bahn following the head-on collision between two trains on 9 February in the Southern Bavarian town of Bad Aibling, Inside FAC understands.
Another year with a relatively benign major claims experience can be of little comfort to specialty player Brit, which saw pre-tax operating profit fall from $232.9mn to $91.7mn year-on-year in 2015, as a poor trading environment on the investment and underwriting side took its toll.
US terrorism aggregation risks and energy covers could be difficult to place this year, according to Marsh.
Fitch is maintaining a negative outlook for the reinsurance sector in 2016, highlighting concerns over reinsurers' ability to manage change, continuing M&A and the impact of alternative capital.
Some of the this week's key moves in the global D&F market
Dear fac-ster, I must admit to being a bit of train geek...