Sompo Japan Nipponkoa is set to absorb 34.1bn yen ($285mn) of insured losses from August's Typhoon Goni, the Japanese insurance giant indicated today (1 October)
Asta's recently launched manging general agency (MGA) platform, Asta Underwriting Management (AUM) has appointed John Holm as executive, MGA investments.
Berkshire Hathaway's shareholding in Munich Re has dipped into single digits for the first time in nearly five years after the Warren Buffett-led conglomerate reduced its stake in the world's largest reinsurer
PartnerRe shareholders are set to vote on the reinsurer's proposed acquisition by Italian investment vehicle Exor at a special general meeting on 19 November
Richard Carter, chairman of Beaufort Underwriting Agency, is set to resign from the board of the Lloyd's managing agency in 2016, along with non-executive director Malcolm Cox.
Argo's Lloyd's operation and Asia Capital Re (ACR) have confirmed their intention to form a special purpose syndicate (SPS), a move first revealed by The Insurance Insider earlier this month
Towers Watson's proposed merger with (re)insurance broker Willis could be in jeopardy following criticism from the consultancy's investors over the transaction's value proposition.
Probable maximum losses (PMLs) for US wind risk generally subsided ahead of the peak North Atlantic hurricane season, as (re)insurers tweaked their cat exposure in the face of a prevailing soft market environment.
After a pause, the pool of London-listed specialty carriers has resumed shrinking this year with another three (re)insurers succumbing to the advances of foreign buyers.
Hiscox has merged its Bermuda and London market casualty reinsurance teams into a single division operating under the Hiscox Re brand, the carrier has announced.
Price increases for US commercial lines continued to moderate in the second quarter of this year as rate rises slowed to 1 percent, Towers Watson's latest Commercial Lines Insurance Pricing Survey (CLIPS) has shown.
Sian Fisher, former chief underwriting officer of AJ Gallagher International, has been appointed to the board of Asta's new managing general agent (MGA) platform as a non-executive director, The Insurance Insider can reveal.
PartnerRe president Emmanuel Clarke is set to become CEO of the Bermudian reinsurer following the close of its impending $6.9bn sale to Exor, The Insurance Insider can reveal.
US commercial P&C pricing remained flat in August, despite widespread anecdotal evidence of softening across the market, according to the latest survey from MarketScout.
Reinsurers remained focused on capital management in the second quarter as deployment opportunities became further constrained and M&A activity continued
Net returns narrowed materially during the second quarter as thinning underwriting margins, low investment returns and mark-to-market losses crunched the bottom line
Listed (re)insurers delivered varied underwriting results for the second quarter as some carriers were bludgeoned by above-average large risk and attritional claims while others benefited from another light cat quarter
Share prices for the remaining four London-listed (re)insurers rose this morning (8 September) as the buzz surrounding the announcement of Mitsui Sumitomo's $5.34bn acquisition of Amlin resonated through the market
Fitch expects that reinsurance pricing will continue to fall in 2016 as the ratings agency is unconvinced that a slowdown in rate reductions has signalled the market reaching the floor
Reinsurers have held onto their US windstorm exposure in 2015 despite reducing their overall exposure to catastrophe risk, Standard & Poor's (S&P) has said
Fosun reported stronger top and bottom line performance at its budding insurance business during the first half of 2015 as the Chinese conglomerate benefited from its recent acquisition spree
P&C (re)insurance stocks were stung by the events of Black Monday last week, with volatility triggered by China growth fears causing The Insider 30 to tumble by 0.94 percent despite some recovery later in the week.
Profit forecasts for Names-backed Lloyd's syndicates in the 2013 year of account (YoA) improved during the second quarter as the 2014 YoA suffered some deterioration.
The second quarter of this year demonstrated one thing as far as (re)insurers' investment portfolios were concerned: that mark-to-market accounting can hit the bottom line hard if rates move suddenly.
The London specialty carriers that report full results have accelerated top-line growth into a market that is suffering from significant rate softening.
The London specialty insurers shaved 10 basis points off their combined ratios to deliver another strong half-year underwriting performance as they continued to benefit from a benign loss environment.