Hedge funds and other alternative asset managers are lining up to revolutionise the casualty and other non-cat sectors
Argo Re will join peers such as Allianz Risk Transfer, Hannover Re and Tokio Millennium Re as a participant in the fronted reinsurance market, lending out its rated paper to unrated companies.
Japanese mutual Zenkyoren, the world's biggest buyer of catastrophe reinsurance, has rejected an offer from Berkshire Hathaway to write 100 percent of the significant additional limit it is buying this year, The Insurance Insider can reveal
RSA departure; Burke holiday; Asia marine unit; Singapore swing; Amlin up; Asian acquisition...
Like all wordsmiths, we at The Insurance Insider are keen students and collectors of poor language
Direct Line, the UK home and motor insurer spun off from Royal Bank of Scotland in 2012, faces the biggest potential flood claims bill of the carriers that have disclosed loss estimates so far
he board of Venezuelan state-owned oil company Petróleos de Venezuela SA (Pdvsa) is close to burying the hatchet with the former broker of its main insurance programmes, Cooper Gay
Lloyd's carrier Brit Insurance will try to convince institutional investors that it should command the kind of premium valuation that has been awarded to specialty insurance peer Beazley plc as it looks to return to the public markets three years after it was taken private
Hamilton Insurance Group CEO Brian Duperreault made an approach for private equity-owned Lloyd's carrier Brit Insurance earlier this year as he looked to start deploying his firm's vast M&A war chest, The Insurance Insider can reveal
Indian state-owned carrier GIC Re has become the latest Asian (re)insurer to secure a presence in the Lloyd's market by setting up a special purpose syndicate (SPS) sponsored by Catlin, The Insurance Insider can reveal
Lloyd's reinsurer Ariel established Special Purpose Syndicate (SPS) 6117 at 1 January with support from individual Names advised by members' agent Hampden, The Insurance Insider has learned
Validus entered the trade credit reinsurance market towards the end of 2013 with the hire of a team from the Royal Bank of Canada
Ken LeStrange is set to take the position of chairman at Pine River Re in a move that will reunite him with his former Endurance Specialty colleague Bill Jewett, The Insurance Insider can reveal
A former employee is suing AJ Gallagher (AJG) for "systemic gender discrimination", alleging she was pushed out of the US broker after complaining repeatedly about a "glass ceiling".
Legacy rivals Enstar and Catalina are squaring off against each other in a fight to acquire downgraded US specialty carrier Sparta Insurance, The Insurance Insider can reveal
Fresh from the pounding they took at 1 January, catastrophe reinsurers look as if they may come away from the Japanese renewals relatively unscathed, The Insurance Insider understands
The arrival of Arch's Watford Re could represent the start of a fundamental shift in the casualty reinsurance market that drives down the cost of capital for writing business that has increasingly been retained by insurers in recent years
Arch is understood to be taking a minority equity stake of up to $100mn in Watford Re as the Bermudian start-up gets ready to go live with circa $1bn of high net worth capital behind it
Average operating return on equity (RoE) for Bermudian (re)insurers and short-tail specialists recovered to 2010 levels last year following the relatively benign cat experience, analysis by The Insurance Insider's Data Room demonstrates.
With the Q4 results season almost complete, The Insurance Insider reviews the capital management strategies deployed in 2013...
US insurer Chubb is considering increasing the size of its new East Lane Re VI cat bond to $270mn as indicative pricing on the deal softened by almost 15 percent, Trading Risk understands.
Stephen Hester, the former Royal Bank of Scotland (RBS) chief executive parachuted into UK general insurer RSA last month, has taken no half measures as he sets about nursing the ailing carrier back to health.
Gabriel Bernardino, the chairman of the European Insurance and Occupational Pensions Authority (Eiopa), has warned that the industry could be hit by "a flood of new regulation" if insurers fail to "learn from the lessons of mis-selling".
Don Kramer's ILS Capital Management launched underwriting operations at the January 2014 renewals, including writing a small portfolio of marine retro business for Berkshire Hathaway, sister publication Trading Risk reported late last month.
The fourth quarter reporting season saw a mixed bag of beats and misses among Bermudian and short-tail (re)insurers as their operating earnings per share (EPS) numbers came up against Wall Street forecasts.
Amlin says it expects its partnership with London-based insurance-linked securities (ILS) fund manager Leadenhall Capital Partners to help grow its catastrophe reinsurance portfolio, after it lifted gross premiums in this business line by 2 percent in the January 2014 renewals.
Tokio Marine's Kizuna Re II Japanese quake bond has grown from $200mn to $245mn with pricing set at the lowest bounds of guidance amid strong investor interest, Trading Risk understands.
Two of the cat bonds in the latest crop of new issuance have demonstrated the potential for divergent modelling views to emerge on indemnity offerings.
The US P&C (re)insurance industry is intensely lobbying the US government to permanently authorise a taxpayer-funded backstop for terrorism risk cover and not "tempt fate" by postponing a decision on renewing the Terrorism Risk Insurance Act (Tria).
International P&C (re)insurers hoping for a further delay to the burdensome US Foreign Account Tax Compliance Act (Fatca) were disappointed late last month when new guidance from the Inland Revenue Service (IRS) confirmed the 1 July implementation date.
Otto Thoresen, the director general of British trade body the Association of British Insurers (ABI), said he is "delighted" that Flood Re has progressed towards implementation, despite confusion about whether the UK government has privately ordered a u-turn on excluding more expensive homes from the scheme.
The UK insurance industry needs to be more thoughtful and collaborative when engaging with government, Otto Thoresen, the director general of the Association of British Insurers (ABI), told a London 100 meeting late last month.
Gibraltar's Financial Services Commission (FSC) has banned James Trusselle, the former managing director of now-defunct Gibraltarian insurer Lemma Europe Insurance Company Ltd, from operating in a senior financial services role on the Rock.
American Strategic Insurance Group has increased the size of its debut cat bond Gator Re from $125mn to $200mn as pricing tightened below initial guidance, according to sources.
Great American has extended its $30 a share offer for the stock it doesn't already own in National Interstate from 6 March to 17 March and waived the minimum tender offer condition as it reiterated its approach for the US insurer