News – Page 289
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Foreign China-based P&C insurers expect growth of 20% by 2015
Majority of firms do not have the right people in place, says PwC report
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Transatlantic acquires stake in Pillar Capital
TransRe joins Marsh & McLennan, Aquiline Capital Partners as joint owners
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Hardy takes two from Lloyd's in hiring spree
Lloyd’s head of market operations Carl Phillips named Hardy COO
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Meadowbrook expects Sandy loss of up to $4.5m
Insurer has received $5.1m in claims to date
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S&P revises French insurer SHAM’s outlook to negative
Rating agency affirms BBB FSR on mutual
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Hiscox Bermuda hires Ironshore underwriter to healthcare team
Justin Keith joins Hiscox Bermuda as vice-president of healthcare
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Munich Re chairman Schinzler to retire
Former chief executive to end 44-year stretch at German reinsurer
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FBD sells captive Abbey Re for €34.7m
French luxury and sports and lifestyle group Groupe PPR acquires Luxembourg subsidiary
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White Mountains to acquire AIG run-off subsidiary
American Fuji Fire and Marine Insurance Company deal expected to close in Q1 2013
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Lloyd's unveils new three-year plan
Corporation targets one-quarter of GWP from developing markets
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Analysis
Five minutes with ... Mike McGavick
Mike McGavick, XL chief executive, and recently elected chair of ABIR
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News
Validus makes 18 redundancies following Flagstone takeover
Move follows Flagstone global office closures
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Baillie Gifford takes 10% stake in Montpelier Re fund
Scottish investment firm snaps up 10 million shares in Blue Capital
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US commercial business rates up 6% in Q3
Towers Watson reports seventh straight quarter of price increases
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Swiss Re predicts 3% P&C premium growth in 2013
Reinsurer expects non-life reinsurer premiums to grow 3.4% next year
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European insurers call for Solvency II flexibility
Resistance builds in market against one-size approach
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Broker revenue to remain flat in 2013, says Fitch
M&A activity constrained by shrinking number of suitable targets