Global insurer Mapfre consolidated a host of property cat treaties at 1 July, sucking premium out of the market and aligning its reinsurance buying more closely with global peers, The Insurance Insider understands
A UK High Court judge has told listed Lloyd's carrier Novae that it cannot avoid a facultative retro claim stemming from the 2011 Thai floods.
One of the hardest tasks in a journalist's job description is to remain impartial in the heat of the moment.
Ryan Specialty Group (RSG) has agreed a settlement in its £7mn wrongful dismissal dispute with former Jubilee Group CEO Johnny Rowell, The Insurance Insider revealed last week.
Big-ticket insurer FM Global has become the first cedant to secure cyber cover in its property catastrophe treaty after completing a path-breaking mid-year renewal, The Insurance Insider can reveal.
TigerRisk launch; Wonga in Haste; Generali sale; Lawson named; Ironshore expands; Quindell trading; Capital regulations; ILS funds boost; HgCapital buys; Cypress buyout; Aspen Q2 earnings; Guy Carp appoints; Hiscox unchanged; Losses low; Tower sets date; Storms strike; Helios acquires; Qatar Re hire; Fowl dispute; Swiss Re recruits
Issues surrounding conduct risk are expected to pose the most onerous regulatory challenge for insurers, second only to Solvency II, a senior (re)insurance executive said at a London 100 Working Group roundtable.
Pursuing change in the claims world requires certain key ingredients, Allied World president Julian James told members of the London Market Claims Council (LMCC) last week.
US insurer Assurant took advantage of the soft reinsurance market to buy more cover on a multi-year and multi-event basis for about the same premium as it ceded in 2013.
Florida property insurer Weston Insurance has secured the services of Deanne Nixon as its new chief underwriting officer (CUO),The Insurance Insider can reveal.
Brazilian investment bank BTG Pactual is set to add to overseas ownership in the Lloyd's insurance market after agreeing a deal to buy Ariel Re from Global Atlantic.
Endurance has hinted that it may withdraw its offer for Aspen if the company does not secure the necessary support for two of the hostile mechanisms it is employing in its efforts to force through a deal.
Multinational insurer RSA has placed its German business up for sale as new CEO Stephen Hester continues to clean up the business and build its capital strength, The Insurance Insider has learned.
A group of investors led by seasoned (re)insurance executives Joe King, Enda McDonnell and Adrian Ryan is close to completing the buyout of Florida and Texas insurer Cypress Insurance Holdings.
Gulfstream P&C president and CEO Mitch Sattler and CFO Jennifer Pintacuda have resigned from the Florida insurer, The Insurance Insider can reveal.
Market conditions in the aviation sector stayed soft in the second quarter of 2014, largely due to record capacity levels boosting competition, broker Jardine Lloyd Thompson (JLT) said in its latest "Plane Talking" market review.
The much-delayed operation to re-float the wreck of the Costa Concordia began on 14 July in one of the largest - and most complicated - salvage operations in marine history.
With the Q2 reporting season just under way, The Insurance Insider takes a look at what we might expect...
A number of reinsurers increased their participation on the traditional reinsurance programme placed by Florida Citizens Property Insurance this year.
Average risk-adjusted premiums in the insurance-linked securities (ILS) and industry loss warranty (ILW) markets rose in the second quarter of 2014 by 8.8 percent, turning around a 15-month run of falling rates, broker dealer Lane Financial estimated in its latest market report.
Weekly share price data on The Insurance Insider's universe of P&C (re)insurers
Seven former professional American football players have tried to block a proposed $870mn settlement with the National Football League (NFL), believed to be part funded by its insurers, claiming that it is not enough to compensate parties to the class action suit for concussion-related long-term illness.
A New York Supreme Court judge has given US broker Alliant an injunction blocking it from using information provided by 75 recent new arrivals from Aon's Californian offices to pursue any more of its rival's employees.
Insurance-linked securities (ILS) fund manager Stone Ridge Asset Management has signed up for more private quota share vehicles over the past quarter as it has built up a total of $1.8bn of assets under management in reinsurance funds, sister publication Trading Risk reports.
The Indian government is set to raise the limit on foreign direct investment in the country's insurance sector to 49 percent, under the newly elected leadership of the Bharatiya Janata Party.
The share price performance of The Insider 30 index fell back into the red last week with a 0.89 percent decline, mirroring the movement of the wider stock market.
William Bachmann, CEO and owner of Infrassure, is likely to manage the run-off of the Switzerland-based energy insurer himself, according to sources.
E-cigarettes, cloud computing security and deflation are among the new and emerging risks the global insurance industry could face over the coming years, according to a report released last week by Swiss Re.