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Reinsurers brace for squeezed returns as retro costs set to bite

There is little expectation that reinsurers will be able to push European cat pricing at 1.1.

Allianz to add £500mn UK pillar as it digests acquisitions

Decision taken to renew separate LV cover at 1 December, with an integrated purchase likely in the future.

Scor’s Channel Syndicate seeks RITC transaction

The transaction would address the 2017 and prior years of account.

Third Point Re working with JP Morgan as it reviews options 

Moves under consideration include acquisitions, as well as merger deals.

• AIG global head of inland marine Sipple departs
• Ex-Enstar US chief Wall to found new legacy acquirer
• Canopius ratings prospects brighten after AmTrust merger
• Chaucer draws CUO from Swiss Re management
• California insurers agree to extend wildfire victims’ living allowance
• Former GC Fac executive Mayes to join McGill & Partners

Opinion

Excessive caution on locking retro capital will only cost reinsurers

Lloyd’s must demonstrate anew that it can add value for Names

Barely a day goes by where a company is not dragged into some legal drama

Will concentration or diversification provide the room for ILS growth?

In Brief

American Hellenic spearheads marine insurance education

Funeral arrangements for Munich Re’s Bryan Young

Axa XL appoints insider as UK energy head

ArgoGlobal hires Noel Praveen to write Dubai professional lines

Alliant hires Godsey from Swingle Collins

Globe Underwriting adds Pioneer underwriter to engineering team

Analysis

Potential retro lock-up in focus as carriers brace for major Hagibis loss

Historic frequency and severity of losses will create sharp pressure for rate rises at 1 April.

Elevated losses trigger tightening in renewable energy market

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

Five things you didn’t know about IGI

The Dubai-based insurer is to be publicly listed following a $400mn deal with blank cheque vehicle Tiberius.

Insider 50 falls amid equities market malaise

The index breaks a five-week winning streak.

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