Insight and Intelligence on the London & International Insurance Markets

30 September 2014

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ERS plans 20% capacity de-emption

ERS Syndicate 218 will shrink its capacity by 20 percent next year from £437mn in 2014 to £350mnRead more

Air India gets away with 15% rate rise

Air India has escaped with a rate rise of just 15 percent in its 1 October renewal, suggesting insurers will be disappointed in their attempts to push for a dramatic improvement in pricingRead more

MH17 reserve set well below expected level

The reserve for the liability portion of the Malaysia Airlines claim resulting from the loss of flight MH17 has been set significantly below market expectations at $200mn, The Insurance Insider can revealRead more

Ace in talks with reinsurers over 20% multi-year facility

Global P&C insurer Ace is contemplating a major multi-year follow-form reinsurance facility with a select group of carriers in addition to its proposed internal hedge fund reinsurer, The Insurance Insider can revealRead more

China Re syndicate set for 1.1 launch

State-owned Chinese carrier China Re will launch a full Lloyd's syndicate on 1 January after receiving in-principle approval from the Franchise Board last week (23 September), The Insurance Insider can revealRead more

Riley named IIL president

Stephen Riley, executive director of aviation insurer Global Aerospace, has been appointed president of the Insurance Institute of London (IIL) for 2014/15, the organisation announced yesterday (29 September)Read more

News analysis

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Lloyd’s H1 profits gain from investments but underwriting outlook subdued

Lloyd's last week reported a 21 percent jump in first half pre-tax profits to a five-year high of £1.67bn, as investment returns recovered to more historic levelsRead more

Hull war market capacity at 175%: Willis

Capacity levels in the aviation hull war market stand at 175 percent, global broker Willis said last week (25 September)Read more

P&I clubs seeking pool retention of $100mn: Tysers

The protection and indemnity (P&I) clubs within the International Group (IG) are aiming for an overall pool retention of $100mn on the vast reinsurance treaty they buy, according to a sector report from independent Lloyd's broker TysersRead more

Brokers look to EBC and wealth management for growth

Medium-sized insurance intermediaries are increasing seeking to diversify their income streams by venturing into new business areas, including employee benefits consulting, senior broking sources have told The Insurance InsiderRead more

Brokers vs Reinsurers

The tone at last week's Monte Carlo Rendez-Vous was the bleakest for a number of years, with both reinsurers and brokers contemplating the consequences of reduced demand, falling prices, low interest rates and excess capacityRead more

More coverage

Mergers & Acquisitions

Deere & Co confirms strategic review of crop insurance arm

The parent of John Deere Insurance Company has confirmed it is reviewing strategic options for the crop specialist and has retained Citi as exclusive financial adviser for the process.Read more

Trading RiskAll Articles
The reinsurance convergence market uncovered

Nephila receives $50mn IBM investment

Technology giant IBM's UK pension scheme committed $50mn to invest in Nephila Capital's Iron Catastrophe Fund at the start of this year, according to its most recent annual report.Read more

Loss fileAll Articles
Major losses and claims tracked

Energy market struck by $1.3bn SBM loss

Energy engineering group SBM Offshore has notified the offshore energy constructors' market that it is making a $1.29bn claim to cover the costs of botched building work on a North Sea oil platform for Talisman Energy, The Insurance Insider can reveal.Read more

The latest on litigation and legal developments

Greenberg’s lawyers take the stand in AIG case

Litigators for Maurice "Hank" Greenberg took to the stand in a Washington DC federal court yesterday (29 September) to open a $40bn case brought against the US government over its 2008 bailout of his former company AIG.Read more

BriefingsAll Articles
Mapping the regulatory and legislative landscape

BoE ready to reject inadequate SII models

The Bank of England will not hesitate to refuse approval of internal models required for compliance with the European Union's Solvency II capital regime if they are "inadequate or opaque", governor Mark Carney said last week Read more

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

ERS Syndicate 218 ill-prepared for Solvency II

ERS (formerly Equity Red Star) Syndicate 218 remains on "red" status at Lloyd's for its Solvency II readiness, meaning there are still major issues to be dealt with before it can be deemed compliant with the capital regimeRead more

In-depth coverage of the run-off sector

Catalina to acquire California carriers

Bermuda-based run-off buyer Catalina has agreed to acquire Danielson Indemnity Company, the holding company for a pair of Californian workers' compensation and motor carriers, from Covanta HoldingsRead more

Inside FACAll Articles
Full coverage of the facultative reinsurance market

Reina: Automatics could answer flood issue

The facultative reinsurance market could help soak up increased demand for flood protection through hybrid models that provide automatic solutions for small and medium risks, according to Guy Carpenter's Massimo Reina.Read more

Insider Comment

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Gross premium

As global corporations get bigger and bigger, are the days of the "rock star" executive numbered?Read more

Scriven Profile

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Eliot Spitzer

As we approach the 10-year anniversary of his notorious Marsh legal complaint, which sent shockwaves throughout the P&C industry, the former New York Attorney General Eliot Spitzer is our September 2014 profileRead more

Research & Supplements

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Monte Carlo Day 4

The Insurance Insider Monte Carlo 2014 Day 4

The last in our series of Monte Carlo dailies for 2014Read more

II MC Day 2 2014

The Insurance Insider Monte Carlo 2014 Day 2

The second of The Insurance Insider's Monte Carlo dailies for 2014Read more

Monte Carlo Day 3

The Insurance Insider Monte Carlo 2014 Day 3

The third issue of our dailies from the 2014 Monte Carlo Rendez-VousRead more

Monte Carlo Day 1

The Insurance Insider Monte Carlo 2014 Day 1

The Day 1 issue of The Insurance Insider's Monte Carlo dailies for 2014Read more

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