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Guy Carpenter sues Holtmeier over move to BMS

Holtmeier and two other former employees were accused of violating non-solicitation provisions and accessing trade secrets.

Canadian funds inject $500mn into new insurance acquisition vehicle

Anurag Chandra’s Constellation will invest in both P&C and life carriers.

Texas hailstorm set to generate $70mn-$80mn solar loss

The storm damaged over 400,000 panels at the solar farm, which was underwritten by MGA GCube.

AIG to launch HNW Lloyd's syndicate

The US-focused syndicate will target GWP of up to $1bn.

• Carriers’ InsurTech transactions hit record in Q3: Willis
• Chaucer hires political violence pair from IGI and Axis
• Spiralling social inflation echoes medmal crisis: Rob Berkley
• WR Berkley beats Q3 consensus and reports rate rises
• Victor lines up Zurich capacity for new workers’ comp program
• Travelers’ Schnitzer blasts ‘broken system’ of American litigation

Opinion

The desire to ‘stick it to the man’ via litigation is mounting, and deeply worrying

The reputational risk of retro to fund managers may explain the fundraising struggle

Woodford’s fall from grace deprives the sector of an early advocate

Reinsurance could be dominated in future by behemoths and ultra-low-cost followers

In Brief

Beazley acquires stake in Hong Kong coverholder Pegasus

IUA launches new London market construction group

BP Marsh takes minority stake in Lloyd’s marine start-up

BHSI Australia appoints head of surety

German InsurTech Thinksurance raises EUR13mn

American Hellenic spearheads marine insurance education

Analysis

Standalone terrorism market attracts greater interest as Tripra renewal looms

(Re)insurers are already preparing contingency plans in case the programme fails to renew.

Casualty treaty: Primary rates vs social inflation

Reinsurers look set to largely ride on the coat-tails of insurers on rate rises, with ceding commissions relatively steady.

Third Point Re: Acquire, evolve, sell?

The total return reinsurer is working with JP Morgan as it explores its options.

Elevated losses trigger tightening in renewable energy market

Rates and deductibles are increasing and wordings are under scrutiny as market reacts to losses.

Prendergast and Layzell lead the 2019 Cyber Rankings

Changes in leading positions point to a fluid market for cyber talent.

• Cyber
• US Property Cat
• Political Risk
• Political Violence
• D&O