Insight and Intelligence on the London & International Insurance Markets

20 April 2014

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Endurance: Aspen board has 'disdain' for shareholders

Endurance has fought back against Aspen's adoption of a so-called ‘poison pill' by accusing its fellow Bermudian's board of entrenching itself and showing "clear disdain" for shareholdersRead more


Marine market braces for $140mn Korean ferry loss

The 16 April South Korean ferry disaster, which has left almost 300 people unaccounted for, is expected to generate a total loss of just over $140mn, The Insurance Insider can revealRead more


RSA in £300mn Eastern European sale

UK insurer RSA has announced this morning (17 April) the sale of its Baltics and Polish businesses to the Polish insurer PZU through four separate transactionsRead more


AmTrust restructures Tower transaction

AmTrust Financial Services and National General will no longer be acquiring any of Tower Group's US domiciled insurance companies in connection with the ACP Re transaction to buy out the ailing insurerRead more


Reserve releases help Platinum smash Q1 earnings forecasts

Platinum Underwriters opened the Bermudian Q1 reporting season by smashing Wall Street forecasts as its bottom line continued to benefit from reserve releases and the benign cat environmentRead more


RLI beats as Q1 operating profits rise 10%

US specialty insurer RLI Corp reported a 10 percent rise in first quarter operating profits to $24.7mn as its bottom line benefited from a relatively benign period for losses along with continued reserve releasesRead more


News analysis

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What would $6bn+ Endurance-Aspen look like?

Putting aside Aspen's vehement objections, what would a combined entity actually look likeRead more

AJ Gallagher throws down M&A gauntlet with $933mn Australian deal

US broker AJ Gallagher is set to embark on a journey of growth in the Australasian region through a flurry of bolt-on acquisitions following its landmark agreement to purchase Wesfarmers' insurance brokerage operationsRead more


Downstream energy rates slump to historic low: Willis

Rates in the downstream energy market have fallen to historically low levels, weighed down by persistent excess capacityRead more


Stiff competition weighs on 1 April renewals: Guy Carpenter

Global reinsurance broker Guy Carpenter said last week that the 1 April renewals were marked by price cuts amid stiff competition between well-capitalised carriers and further encroachment from the insurance-linked securities (ILS) marketRead more

Softening property leads way to buyers’ market in US commercial insurance

A buyers' market is expected to emerge for US commercial insurance in 2014 as a property sector softening faster than expected combines with easing upward pressure on rates in many other business classes, according to WillisRead more

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Mergers & Acquisitions

RSA in £300mn Eastern European sale

UK insurer RSA has announced this morning (17 April) the sale of its Baltics and Polish businesses to the Polish insurer PZU through four separate transactionsRead more

Trading RiskAll Articles
The reinsurance convergence market uncovered

Florida pricing omen as Citrus Re cat bond falls

The insurance-linked coupon on Heritage P&C's Florida-focused Citrus Re cat bond dropped 17 percent during the marketing process. It doesn't bode well for the forthcoming $4bn+ Florida cat renewalsRead more

Loss fileAll Articles
Major losses and claims tracked

Marine market braces for $140mn Korean ferry loss

The 16 April South Korean ferry disaster, which has left almost 300 people unaccounted for, is expected to generate a total loss of just over $140mn, The Insurance Insider can revealRead more

The latest on litigation and legal developments

US Port Authority challenges Aon over $50mn overpayment

The Port Authority of New York is suing an Aon subsidiary for breach of contract and negligence after the broker allegedly caused the government body to pay more than $50mn in unnecessary premiumsRead more

BriefingsAll Articles
Mapping the regulatory and legislative landscape

Tria renewal finally moves closer

US senators from both sides of the divide have agreed a bill to renew the Terrorism Risk Insurance Act, increasing the likelihood of the act being extended beyond its 31 December 2014 expiry dateRead more

Solvency IIAll Articles
All the latest news and analysis as D-day approaches

Solvency II approval shifts focus to implementation countdown

The European Parliament has approved a key part of the European Union's Solvency II capital regime for (re)insurers, keeping the new rules on track to come into force by the much revised deadline of January 2016.Read more

In-depth coverage of the run-off sector

German run-off firm Darag acquired by Keyhaven

Darag has been bought out by its former minority shareholder, London-based private equity firm Keyhaven CapitalRead more

Inside FACAll Articles
Full coverage of the facultative reinsurance market

Nexus to launch accident and health lines

Fast-growing London market managing general agency Nexus Underwriting Management has announced plans to launch a number of new product lines writing accident, sickness and travel cover on a direct and facultative basisRead more

Insider Comment

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The Bermuda spring

Well, that was eerily prescient. No sooner did this publication lead on the notion that Bermuda M&A is the unavoidable consequence of current market conditions (see our 8 April edition lead, "Bermuda buzzes with M&A talk as soft market reigns") then Endurance duly obliged with a hostile bid for Bermuda peer AspenRead more

Scriven Profile

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Mario Greco

Mario Greco CEO of Assicurazioni Generali is our April 2014 profileRead more

Research & Supplements

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Bermuda Roundtable 2013 14

Bermuda Roundtable 2013/14

On the face of it, Bermuda's established cadre of (re)insurers might be forgiven for looking back on 2013 as a golden yearRead more


London Reinsurance Roundtable

London Reinsurance Roundtable 2013/14

The Insurance Insider's London Reinsurance Roundtable generated a broad consensus that Africa's emerging market holds exciting potential for global reinsurersRead more

IUA Review 2013

IUA Review 2013

Two years have passed since the last International Underwriting Association (IUA) review published by The Insurance Insider and one thing at least has changed - the size of the London company market itselfRead more


SIRC Newsletter

SIRC Newsletter 2013

Singapore is a city built on trade, so it is entirely appropriate that it finds itself as one of the P&C industry's acknowledged global (re)insurance hubsRead more

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