Aon Benfield is in the latter stages of putting together its second regional facultative reinsurance facility to package up capacity for UK, European and Middle Eastern clients, The Insurance Insider can reveal.
Food analogies can be a lot of fun, as long as they don't go stale.
Pressure on the UK government to rework the Ogden discount rate has intensified with an intervention from a Conservative peer and former senior insurance industry figure.
A number of key energy brokers have tendered their resignations at AJ Gallagher's energy-focused London market wholesale arm Alesco, The Insurance Insider can reveal.
Lockton International has sought to burnish its credentials as a partner to London market carriers by pointing to its lack of market-derived income.
The tide of London-based MGA start-ups shows no sign of slowing, with Tom Milligan's venture capital launch providing yet another platform for entrepreneurial types to grab their piece of the London market.
Ash Bathia's start-up Probitas is still pushing to become a $1bn Lloyd's business, and believes its potential new investor Saudi Re will keep it on course to achieve that goal.
As little as 7 percent of economic losses could be covered by insurance after a global cyber attack, according to new modelled scenarios from Lloyd's and cyber modelling and analytics firm Cyence.
Lloyd's and UK carriers looking to establish EU subsidiaries post-Brexit face a limit on the amount of business they can reinsure out of their new units, following an intervention from the EU insurance regulator.
The Prudential Regulation Authority (PRA) will spend the summer working through reams of submissions from financial services firms following last Friday's (14 July) deadline for sharing their Brexit contingency planning.
Blockchain-based InsurTech start-up InsureX abruptly halted its initial coin offering (ICO) last week amid concerns that the process had come under attack from fraudsters.
Alternative reinsurance growth; ILS rankings; Cyber loss potential; Egon loss estimates rise; Hannover Re fronting expansion; PIC reinsures £1bn longevity risk...
Colin Man, a senior contingency broker, has left Integro Group to join EC3 Brokers, according to market sources.
The total level of InsurTech funding fell by almost two-thirds in the first quarter of the year, interrupting a general upward trend in the sector, according to PwC and Startupbootcamp.
The Mexican government's natural disaster fund Fonden is working with the World Bank to renew its cat bond cover after its previous deal paid out $50mn linked to a 2015 hurricane, sister publication Trading Risk reported.
AmTrust is set to raise its targeted $100mn from its first public cat bond deal, Fortius Re, as the insurer managed to close the deal for a premium rate that was below its initial target, sources told Trading Risk.
Hannover Re said that it had written an additional $2.5bn of limit in fronted business in recent years, after completing $960mn of cat bonds this year for three organisations.