January 2017/4
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Global broker JLT Re noted that reinsurance rating pressure continued to abate in the 1 January renewals, as it warned that the sector could be approaching the point of failing to meet its cost of capital.
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US intermediary Brown & Brown could be one of the biggest beneficiaries of President Donald Trump's proposed US corporate tax reforms, according to equity analysts.
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WR Berkley's decision to suspend the underwriting of its London marine market book places the spotlight firmly on the challenges of writing profitably in a range of core EC3 specialty classes.
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Reinsurers gain Indian approval; Dutch fund backs Leo Re; US tornado outbreak; Tennessee wildfire losses climb; Debut Extremus claim; Markel Catco dented; Charles Taylor rebrand; Suncorp suffers fresh NZ quakes loss
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The top 10 insurance-linked securities (ILS) fund managers posted their fastest rate of growth in the past two years in the run-up to the 1 January renewals, exceeding $50bn in assets under management (AuM) for 2017.
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Claims from Hurricane Matthew and the Kaikoura, New Zealand earthquake each shaved 1 percentage point off Markel Catco's returns for 2016, the company said.
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Pricing on Aetna's latest Vitality Re health insurance bond settled at the bottom end of the target range, with the premium on the deal's class B notes reaching a new low, sister publication Trading Risk understands.
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Leaders of the US Federal Emergency Management Agency (Fema) may impose annual deductibles on US state governments seeking to rebuild public infrastructure following a disaster, in a plan that Swiss Re and other observers said would spur states to buy more catastrophe insurance.
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Business should expand in the cat bond market this year, Aon Securities has said, with a record amount of bonds scheduled to come off-risk in the first half.
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Ironshore expects to benefit from cross-selling opportunities, deeper distribution relationships and the ability to retain more business under prospective owner Liberty Mutual. Normal 0 false
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News last week that OneBeacon has gone on the auction block follows several years in which the specialty insurer was unofficially up for grabs.
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Shares in Generali rose 9 percent to EUR15.48 ($16.62) as of 11:15 UK time today, after a stock market manoeuvre by the Trieste-based company on Monday (23 January) gave weight to the latest round of bid speculation.
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Senior cyber underwriter Marcus Breese has left Hiscox as the talent war in the cyber market rages on, The Insurance Insider understands.
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Head of space risks Neil Stevens has left Sciemus, The Insurance Insider can reveal.
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Putting a value on an enterprise can be a subjective business, and it's the specialty of investment banks like Morgan Stanley and private equity firms like Clayton Dubilier & Rice.
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Aon's expected sale of its benefits outsourcing business for about $4.5bn will enable the big three broker to focus more on faster-growing, higher-margin businesses, analysts said.
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The Greek government has taken four bidders for state-owned insurer Ethniki through to the second round of the sale process, The Insurance Insider can reveal.
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Prime Minister Theresa May's Brexit manifesto has killed any lingering hopes of a soft goodbye to the EU in which the UK would remain in the single market.
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It's unlikely that prior-year reserve development or adverse development covers (ADCs) figured high on the agenda of many when assessing the likely implications of Trump's presidency.
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Much of the focus around the legacy reinsurance transaction between AIG and National Indemnity Company (Nico) will naturally be directed towards the cedant.
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What's your first-choice Monopoly piece?
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AIG's giant $20bn adverse development cover (ADC) with Berkshire Hathaway has so far met with a low-key response from investors keen for more detail on the forthcoming fourth quarter reserve charge and the deal's capital implications.