Swiss Re is in talks with Berkshire Hathaway as part of a $1bn+ internal restructure of its legacy business that will put important new regulations for run-off books in the US to the test, The Insurance Insider can reveal
It's going to be a long winter in the global insurance village
Insurance carriers must grow just to stand still, Third Point Re chairman and CEO John Berger warned as he predicted further consolidation in the (re)insurance sector
Nephila has struck a deal with Peter Scales' Lloyd's start-up Blenheim that will see it become the core capital backer for the new syndicate, The Insurance Insider has learned
At first glance it may seem a somewhat unlikely alliance. The old London market traders and the Bermudian ILS fund. Something just about as traditional as you can get, paired with the non-traditional
Peter Scales' start-up Blenheim Syndicate 5886 has been granted permission by Lloyd's to underwrite for the 2017 year of account
Serial industry entrepreneur Matt Fairfield now has more than 20 staff working for him in Zurich as his start-up Exin Re gears up for an ambitious launch, with a view of hitting a five-year target of $500mn of annualised premiums
Final bids are due this week in the sale of a $560mn book of QBE US legacy business that has been the source of reserve charges and poor performance for the group
After threatening a potential knockout punch to Florida's east coast, Hurricane Matthew in the end delivered little more than a glancing blow
Deteriorating underwriting conditions across several lines of US casualty insurance business are likely to add further weight to a tougher negotiating stance from reinsurers at 1 January
Following up on the hard line taken publicly at this year's Monte Carlo Rendez-Vous, underwriting sources have privately stressed that they are determined to halt the downward slide of the European reinsurance market at 1 January
There are signs of a shift in strategy among larger primary carriers toward purchasing reinsurance to protect against earnings volatility in addition to safeguarding their balance sheets
There is a growing interest from insurers in structuring reinsurance transactions that help release capital tied up in reserves, in a bid to make their balance sheets more efficient and maximise returns.
Newly enacted amendments to Insurance Regulation 68 in the state of Rhode Island could transform the US run-off market into a hotbed for M&A activity, according to a new report.
Anne Plumb, head of international open market property at Novae, has resigned to become the active underwriter for Cobalt's recently approved Syndicate 1438, The Insurance Insider understands.
Scott Sayce, CNA Hardy's head of cyber, technology and life science, has left the firm to join Axa Corporate Solutions, The Insurance Insider understands.
Homeowners' insurance RoE drops; Everest Re Q3 profit surges; Matthew claims rise to $549mn in Florida; US P&C carriers struggling for underwriting profits; Liberty Mutual temporarily shuts Portland office...
US (re)insurers have found themselves in limbo ahead of the major 1 January renewal for German cedants' business, following a rule change by German regulator BaFin.
The reinsurance industry has a clear expense problem. It already costs too much to deliver the product - and this is a constant refrain of platform speeches from industry luminaries.
Zurich-based reinsurers' gross written premiums hit CHF40.7bn ($41.1bn) in 2015 following top line growth of 3.6 percent year-on-year, as North America took a greater share of business
Primary carriers' appetite for reinsurance has grown amid accommodating market conditions, as the year-end 2015 and first half 2016 results highlighted cedants' preference for reinsurance over other forms of capital
The first week of the third quarter results season saw The Insider 30 group's shares fall 1.3 percent from the previous Friday close, as investors became wary over insurer earnings for the period.
Share price data on The Insurance Insider's universe of P&C (re)insurers