In Europe the fall-out from Brexit continues, with a whole shiny new British government in place to sort the mess out.
After a relatively benign run of quarters with modest claims experience, numbers coming in ahead of the Q2 results season have started to reveal the true extent of large losses affecting underwriters across the industrial, offshore, rail and terrorism sectors - with the prospect of a significant impact to the direct and facultative (D&F) market.
A German poultry processing plant that caught fire on 28 March is unlikely to reach full operating capacity for at least 18 months, raising the prospect of a significant business interruption (BI) claim that is likely to be widely spread across the London and German (re)insurance markets.
The horrific collision between two passenger trains in southern Italy on 12 July looks set to result in yet another significant claim for the beleaguered European rail (re)insurance market.
Insured losses from the troubled Kwame Nkrumah floating production, storage and offloading (FPSO) vessel off the coast of Ghana could exceed $735mn at the top end of estimates, Inside FAC has learned.
A temporary camp for oilsands workers that was largely destroyed by the northern Alberta wildfires in May is believed to have a total insured value of C$60mn ($46mn), Inside FAC has learned.
Despite initial fears that Typhoon Nepartak could prove an extremely expensive hit for insurers on semiconductor programmes in the fac market, initial reports suggest that production facilities in southern Taiwan have escaped damage.
Property direct and facultative (D&F) market veteran David Leathem is set to leave Scor-backed Channel Syndicate at Lloyd's after five years, Inside FAC understands.
Olivier Decombes, formerly chief underwriting manager for offshore energy at CV Starr, is set to join Barbican Insurance Group as divisional head of energy, power and utilities, Inside FAC can reveal.
Specialist insurer Markel International has partnered with Tokio Marine Kiln, Pembroke and Aegis London to form a new livestock consortium in the Lloyd's market.
Ratings in the beleaguered downstream energy market continued to slide during the second quarter, with most reductions in the 10-20 percent range, according to analysis by JLT Specialty.
Marsh Finpro has received widespread support from London management liability writers for its latest facility, in a clear demonstration of the continuing dominance of broker-led offerings in the current environment.
Zurich Insurance has continued its divestment strategy with the sale of its South African and Botswanan operations to Fairfax Holdings.
As losses ratchet up, capacity continues to flow in and premiums become ever more stretched, the niche space (re)insurance market appears to be nearing an inflection point
Miles Osorio, Head of Property D&F, Hamilton Underwriting
While the UK government may not have made detailed contingency plans for a post-EU world, mercifully it seems that the London market is more prepared, as Inside FAC discovers
XL Catlin has promoted Christophe Chandler to head of specialty reinsurance, London. The executive will relocate from Bermuda to take up his new role.