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California wildfire claims breach $1 billion

Forecast economic losses for California wildfires were in excess of $1.5 billion during September, with preliminarily insured losses estimated at more than $925 million, according to Aon Benfield’s Global Catastrophe Report...

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Influence of risk managers is growing, says ACE

More than 71 percent of risk managers in Europe, the Middle East and Africa have more influence that they did three years ago, according to a survey from ACE...

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Ben Nelson to leave NAIC

Ben Nelson has decided he will not renew his contract as CEO of the National Association of Insurance Commissioners (NAIC)...

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ANV grows mergers and acquisitions insurance team

ANV Underwriters has appointed Florian Tischer to its mergers and acquisitions (M&A) insurance team...

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Northwind notes get a thumbs up

A.M. Best has affirmed a rating of “a” on $800 million worth of insurance notes issued by Unum Group subsidiary Northwind Holdings...

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Advantage and Captive Experts do management deal

Advantage Insurance Management USA has agreed to acquire the insurance management business of Captive Experts...

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JLT Re recruits in Paris

JLT Re has appointed Eve Dartigues as client manager in Paris...

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Employee benefit captives climbing

The number of captives writing employee benefits has increased 10-fold since 2007, according to Towers Watson’s captive user group...

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Captive reinsurance measures ‘not enough’

The Federal Insurance Office (FIO) has criticised state insurance regulators for not doing enough to address ongoing concerns about captive reinsurance…

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Willis releases forecasting tool for third-party motor risk

Willis Group has launched a tool that enables risk managers to forecast third-party motor risk across Europe...

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Aon: captives not concerned enough about brand damage

A significant number of captive directors are underestimating the severity of threats to brand reputation, according to an Aon Risk Solutions survey...

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US Senate passes PACE Act

The US Senate has passed the Protecting Affordable Coverage for Employees (PACE) Act...

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