Insight and Intelligence on the London & International Insurance Markets

31 July 2014

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Equity Red Star turns first profit in five years

Lloyd's motor insurer Equity Red Star, which rebranded to ERS earlier this year, has turned its first profit in five years, the company announced today (31 July)Read more


Generali bests analysts’ expectations

Italian insurance giant Generali increased operating profits by 9.5 percent to EUR2.51bn in the first half of 2014, exceeding analysts' consensus forecasts by 4 percentRead more


Xchanging operating margins up as top line shrinks

Listed outsourcing company Xchanging has reported an increase in operating profits and a fall in net revenue at its insurance services division for the first half of 2014Read more


Scor H1 net income up 35%

Global reinsurer Scor has revealed a net income increase of 35 percent, posting EUR256mn for H1 2014, as it benefited from 2014's low loss environmentRead more


Endurance terminates Aspen offer

Endurance Specialty has terminated its offer to acquire Bermudian rival Aspen in a move that brings to an end a long-running and at times acrimonious M&A battleRead more


The Hartford unveils senior management changes

The Hartford announced several changes to its management structure late yesterday (29 July) afternoon in a move designed to shift the US insurer into a more "offensive" positionRead more


News analysis

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US bellwethers look to put slowing rate rises in perspective

With further evidence of a slowdown in US commercial insurance rate rises in Q2, management of early reporting carriers have sought to show rate movements in a broader context following multiple quarters of compounding price increasesRead more

Travelers upsizes and buys Canada cover at 1 July

If further evidence was required of it being a buyers' reinsurance market, US insurance heavyweight Travelers last week disclosed that it had achieved lower rates-on-line for both its general catastrophe treaty and Northeast-only programme at the 1 July renewalsRead more


Early reporters lead to lower expectations for P&C stocks: Bernstein

The reaction of the stock market to some of the first batch of reporting companies in the US and Bermuda P&C industry has led one industry analyst to lower his expectations for the sectorRead more


London carriers to feel the heat in H1

Despite coming under pressure from various headwinds, London-listed carriers still look set to deliver a fairly solid performance for the first half of 2014 given the moderate catastrophe losses so far this year, but profits overall will likely be downRead more

Giant Liberty deal feeds Berkshire’s appetite for long-tail US liabilities

Berkshire Hathaway has continued to show a strong appetite for assuming long-tail US liabilities with the giant Liberty Mutual adverse development cover announced last week (17 July)Read more

More coverage

Mergers & Acquisitions

Endurance terminates Aspen offer

Endurance Specialty has terminated its offer to acquire Bermudian rival Aspen in a move that brings to an end a long-running and at times acrimonious M&A battle.Read more

Trading RiskAll Articles
The reinsurance convergence market uncovered

Nephila to bulk up insurance book

Nephila Capital has signed a partnership with State National Companies that will provide the fund manager with $400mn of premium capacity for 2015 and 2016, sister publication Trading Risk reported last week. Read more

Loss fileAll Articles
Major losses and claims tracked

LAR and AIG have biggest MH17 losses

Allianz leads the Malaysia Airlines all-risk programme that will pick up the liability loss from flight MH17, but the biggest lines belong to La Réunion Aérienne (LAR) and AIG, The Insurance Insider can reveal.Read more

The latest on litigation and legal developments

Travelers loses $500mn asbestos claim case

Travelers must pay over $500mn to victims of asbestos-related diseases after losing a US federal appeals court hearing to consider a settlement first approved by a judge in 2004.Read more

BriefingsAll Articles
Mapping the regulatory and legislative landscape

Dutch insurers may face bonus cap

(Re)insurers headquartered in the Netherlands could be impacted by a cap on bonuses and severance pay from as early as 1 January 2015.Read more

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

Solvency II to ensure consumers come first: Bernardino

The EU's Solvency II capital regime will ensure insurance executives put consumers first, according to Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority (Eiopa)Read more

In-depth coverage of the run-off sector

Giant Liberty deal feeds Berkshire’s appetite for long-tail US liabilities

Berkshire Hathaway has continued to show a strong appetite for assuming long-tail US liabilities with the giant Liberty Mutual adverse development cover announced last week (17 July).Read more

Inside FACAll Articles
Full coverage of the facultative reinsurance market

Downstream energy market faces c.$150mn PTT loss

Downstream energy underwriters could face a $60mn-$240mn loss after a fire and explosion at a petrochemical plant operated by Thai refiner IRPC, sister title Inside FAC reported last week.Read more

Insider Comment

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Armistice Day

Sometimes we industry insiders place too much of a burden on our shareholdersRead more

Scriven Profile

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Peter Hancock

AIG CEO elect Peter Hancock is our July 2014 profileRead more

Research & Supplements

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IRLA roundtable 2014

IRLA Roundtable 2014

In May, key players in the legacy market prised themselves from their desks in London, the US and across mainland Europe and headed to the rain-battered promenades of Brighton for the annual IRLA CongressRead 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

Legacy 2014

Legacy 2014

The story of the legacy sector is about two households dividedRead more


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

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