White Mountains latest to climb aboard convergence train

Bermuda-headquartered White Mountains is the latest (re)insurer to enter the convergence arena by unveiling a new capital markets division through its reinsurance arm Sirius International… Read more

Global P&C markets to grow 50% in eight years

The global P&C market will expand by 50 percent to EUR1.85tn over the next eight years, fuelled by rampant economic expansion and the growth of the middle classes in emerging economies, according to the industry's largest reinsurer… Read more

Mainstream investors continue to grow share of cat bond market

Generalist investors - such as pension funds and other mainstream fund managers - are continuing to lift their share of new cat bond issuance in 2013, according to updated statistics obtained by sister publication Trading Risk… Read more

Europe holds back Amlin’s 2013 growth

Amlin grew its top line by 7 percent during the first four months of the year, falling short of the 11-12 percent growth reported by its fellow quoted peers Beazley, Catlin and Hiscox, all of which based their interim reports on the first quarter alone… Read more

Lloyd’s big guns grow at Q1 as capacity is deployed early

Three of the big four listed Lloyd's (re)insurers lifted their gross written premiums in the first quarter… Read more

Reinsurer M&A 2012

Reinsurer M&A 2012… Read more

Sandy loss file

The Insurance Insider Data Room tracks the latest company and industry loss developments from Superstorm Sandy… Read more

Data room: Share price movements

Weekly share price movements and key data on The Insurance Insider's universe of P&C (re)insurers and brokers… Read more

Data Room: Valuations

Weekly share price movements and key data on The Insurance Insider's universe of P&C (re)insurers and brokers… Read more

Travelers 2011/12 reinsurance programme

Travelers opened a $1.25bn hole in its previously tight US cat programme after running its Longpoint Re II securitisation through RMS Version 11 created a much higher attachment point for the cat bond, The Insurance Insider reported in June… Read more

Facebook 2012 D&O programme

Social networking site Facebook bought $100mn of standard ABC-side directors' and officers' cover - offering the company and its directors protection against corporate liabilities - along with a further $100mn of A-side only cover, which is available to directors and officers if the company is unable or unwilling to indemnify them, The Insurance Insider reported in May 2012.… Read more

Torus bidders shortlisted as deadline nears

Up to four parties remain in due diligence with the specialty insurer Torus ahead of the 31 May deadline for final bids, The Insurance Insider understands.… Read more

• Tower acquires ANV New York marine team
• Sagicor says Lloyd’s sale imminent
• UK insurer CIS put up for sale

White Mountains latest to climb aboard convergence train

Bermuda-headquartered White Mountains is the latest (re)insurer to enter the convergence arena by unveiling a new capital markets division through its reinsurance arm Sirius International.… Read more

• Mainstream investors continue to grow share of cat bond market
• Florida cedants turn to cat bond market
• Healthy ILS market is here to stay, says Willis

UK P&I club on risk for Genoa port crash

The UK P&I club is on risk for the cost of the Jolly Nero container ship crash in the Italian port of Genoa, The Insurance Insider has learned.… Read more

• Tornadoes wreak damage across US Midwest
• $1bn+ Rio Tinto loss debated in London
• Lancashire agrees Sandy ILW settlement

NY court dismisses Barclays Libor claims

A New York district judge has dismissed a private Libor suit against UK-headquartered Barclays bank, saying that many of the plaintiffs' claims were "non-actionable puffery".… Read more

• (Re)insurers urged to opt for federal not state courts
• Florida court refuses to strike out QBE force-placed insurance suit
• AIG can pursue multi-billion dollar BoA dispute

S&P negative on Berkshire Hathaway

Berkshire Hathaway has had its counterparty credit rating downgraded by Standard & Poor's (S&P) from AA+ to AA with a negative outlook on all the group's ratings - including financial strength - partly due to capital adequacy questions.… Read more

• New Biba head rails at regulatory costs
• Senator partly to blame for dead Twia bill, says key lawyer
• FCA to probe fairness of UK claims culture

S&P says Solvency II is no villain, just the messenger

Ratings agency Standard & Poor's (S&P) said that Solvency II should not be portrayed as a "villain" for requiring high capital levels, because in some cases the existing requirements were too low… Read more

• Departing Irish regulator warns on Solvency II model weaknesses
• Solvency II could make Lloyd’s uncompetitive, says PRA head
• PRA head rails against ‘staggering’ Solvency II cost

Compre closes Swiss Re legacy motor deal

European legacy specialist Compre has completed the acquisition of a run-off portfolio of motor liabilities from Swiss Re after obtaining approval from the Swiss Financial Markets Authority.… Read more

• SeaBright and Pavonia buyouts add $1.7bn to Enstar reserves
• Fairfax run-off unit drops to $14mn Q1 loss
• White Mountains gains $7mn on third AIG run-off unit

West Fertilizer blast TP property bill could hit $100mn

Estimates of damage to surrounding homes and business suggests that the overall insurance bill from the explosion at West Fertilizer's plant in West, Texas, last week may reach $100mn, according to the Insurance Council of Texas. … Read more

• News Corp D&O writers in $139mn loss
• R&Q stands ground against Sentry on $4mn fac dispute
• THB North America hires BMS Fac director

The Insurance Insider Bermuda Roundtable 2012/13

When The Insurance Insider returned to Bermudian shores in late 2012 for its latest reinsurance roundtable it was with one eye on the past and one eye on the future… Read more

The Insurance Insider's Introductory Guide to understanding (re)insurance financials

This bespoke guide includes an introduction to key measures used to assess (re)insurers financial strength, profitability and underwriting profile and performance… Read more

The Insurance Insider PCI Reinsurance Roundtable

When The Insurance Insider sat down to set themes for discussion at its first ever PCI roundtable, it eased into autopilot mode. A benign hurricane season and the dynamics of excess supply and dwindling demand looked set to dominate in the lead up to the 1 January reinsurance renewals… Read more

The Insurance Insider 1.1 Renewals Takeaway

With so much background noise and potentially conflicting information being put out at this important time in the reinsurance calendar, we at thought that it would be a valuable exercise to compile the key ‘takeaways' for the 1 January 2013 renewals season… Read more