Expansive managing agency Pioneer Underwriters has continued its push into the US casualty space with the hire of Milan Devetak as senior underwriter and Andrew Nowlan as underwriter.
Eventual insured losses as a result of last year's powerful Ecuadorian earthquake are likely to be some $575mn, according to the country's insurance association.
The current Financial Conduct Authority (FCA)'s aviation broking inquiry is a "civil competition investigation" Marsh said today (21 April) as it confirmed its involvement.
We've been fairly hectic here this week working alongside our brothers and sisters in arms on The Insurance Insider with the revelation that that five aviation brokers were visited by the UK's Finan
UIB has confirmed it is the fifth broker under investigation by the Financial Conduct Authority (FCA) as part of its probe into the aviation (re)insurance market.
US insurer Allstate suffered pre-tax catastrophe losses of $781mn in the first quarter, exacerbated by an extreme hailstorm in Texas.
Average growth in global primary insurance premiums is likely to increase by almost 3 percent over the next two years according to Munich Re.
Marcus Breese has joined cyber security firm Corax as head of insurance innovation and strategy.
XL Catlin has increased its limit for US terrorism coverage by a quarter to $250mn, amid a global increase in political violence incidents.
Insured losses from US thunderstorms in the first quarter of 2016 exceeded $5.7bn, an increase of almost 12 percent on the prior-year period, according to Impact Forecasting's Steve Bowen, with additional losses likely to occur later in the year.