Insight and Intelligence on the London & International Insurance Markets

18 April 2015

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Fraud allegations ‘crystallised’ in Hyundai-Houlder dispute

An ongoing $10mn dispute between Hyundai Fire & Marine and London market broker Houlder gathered pace this week amidst allegations of fraud and forgeryRead more

Arch’s Ingrey dynasty backs $50mn start-up

Former Arch Re executive Dave Ingrey is looking to launch a new $50mn US homeowners' insurance company focusing on cat-exposed programme business, The Insurance Insider can revealRead more

TigerRisk confirms Ursano hire

Reinsurance broker TigerRisk has confirmed the appointment of Tony Ursano as president, which was first revealed by The Insurance Insider yesterday (16 April)Read more

Aspen and Starr to enter joint underwriting initiative

Aspen Insurance and Starr Companies have signed a memorandum of understanding to enter a joint underwriting initiative, the firms announced today (17 April)Read more

PartnerRe’s 2nd biggest shareholder favours Exor bid

The second largest shareholder in PartnerRe has said that the $6.4bn all-cash offer for the reinsurer is "much superior" to the all-share merger it agreed with Bermudian compatriot Axis CapitalRead more

Capsicum takes JLT Re’s two most senior marine brokers

Alistair Lockhart-Smith and Jerry Reeves have resigned from JLT Re to join Grahame "Chily" Chilton's reinsurance broking platform Capsicum Re, The Insurance Insider can revealRead more

News analysis

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Lime Street’s winners and losers

Lloyd's delivered a strong set of 2014 results with another sub-90 percent underwriting performance, however growing industry pressures began to take their toll on the market's individual syndicatesRead more

Lloyd’s top line shrinks in 2014…

Lloyd's came under top-line pressure last year as gross premiums written by the market dipped by 1.3 percent to £25.3bnRead more

…As profitability stalls

Lloyd's pre-tax profits remained flat in 2014 as lighter cat losses, continued reserve releases and better investment returns kept its profitability above the £3bn markRead more

Cat losses, dollar strength and pricing to dominate Q1 US earnings season

With the P&C sector in the grip of M&A fever, the upcoming first quarter earnings season might appear to some to have been relegated to little more than a sideshowRead more

PartnerRe should pay $7.50 special dividend to sweeten Axis deal: BMO

PartnerRe should consider paying a $7.50 a share special dividend to its existing shareholders at the close of the proposed merger with Axis, said BMO Capital Markets analyst Charles SebaskiRead more

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Mergers & Acquisitions

Exor would grow PartnerRe organically as a pure reinsurer

PartnerRe's counterbidder Exor would leave its management to run the company as a pure standalone private reinsurer if it were successful in its $6.4bn friendly all-cash bid for the firm, stated chairman and CEO John ElkannRead more

Trading RiskAll Articles
The reinsurance convergence market uncovered

Texas, Massachusetts hurricane pools return to ILS market

The residual insurance pools for the states of Texas and Massachusetts have both returned to the cat bond market with new transactions ahead of the 2015 hurricane season, sister publication Trading Risk reported last week. Read more

Loss fileAll Articles
Major losses and claims tracked

Hatton Garden heist insured loss likely sub-£50mn

The major heist at a Hatton Garden safe deposit facility over the Easter weekend is likely to result in an insurance loss of less than £50mn, despite the £200mn figure bandied about by mainstream media in the wake of the raid, The Insurance Insider understands.Read more

The latest on litigation and legal developments

Fraud allegations ‘crystallised’ in Hyundai-Houlder dispute

An ongoing $10mn dispute between Hyundai Fire & Marine and London market broker Houlder gathered pace this week amidst allegations of fraud and forgery.Read more

BriefingsAll Articles
Mapping the regulatory and legislative landscape

Insurers must consider risks of UK exit from EU: AM Best

Insurers based in the UK writing material amounts of European business must consider the risks of an EU exit or a renegotiation of the country's position in the single market, according to AM Best.Read more

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

Bermuda moves closer to Solvency II equivalence

The Bermuda Monetary Authority (BMA) yesterday (1 April) released a consultation paper outlining proposed changes to the island's insurance regime as part of its bid to gain Solvency II equivalence.Read more

In-depth coverage of the run-off sector

Port authority in pollution dispute

A Washington port authority is suing almost 40 international insurance companies over a series of environmental pollution claims dating back more than half a century.Read more

Inside FACAll Articles
Full coverage of the facultative reinsurance market

‘Perfect storm’ accelerates offshore energy softening

The principal offshore energy wind renewal season has kicked off with expected rate reductions of up to 20 percent due to the perfect storm of a severely depressed oil price, shrinking demand and extreme overcapacity.Read more

Insider Comment

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Patience is a virtue

If you want to find a nugget of true wisdom in an annual report relating to our business, one would usually be wise to steer clear of the pronouncements of publicly quoted companiesRead more

Scriven Profile

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Raja Balasuriya

Capsicum Re managing partner Raja Balasuriya is this month's profileRead more

Research & Supplements

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II Bermuda RT 2015

The Insurance Insider Bermuda Roundtable 2014/15

A visit to Bermuda in December can at times feel like an exercise in voyeurism. And in an unforgiving marketplace for reinsurers, the temptation to linger around Hamilton's bars in search of downtrodden underwriters drowning their sorrows is difficult to resistRead more

MC Reinsurance RT 2014

The Insurance Insider Monte Carlo Reinsurance Roundtable

The champagne lounge has ejected the last befuddled reinsurance broker. In short, the Monte Carlo Rendez-Vous is over and the business of talking about reinsurance business is at an end - it's time to actually start making some of those deals workRead more

Insider MC RT 2014

The Insurance Insider Monte Carlo Roundtable 2014

One of the most important qualifications for being an underwriter is an eternal sense of optimism. If insurers or reinsurers thought the worst of every risk they were offered, nothing would ever get underwrittenRead more

Fac MC RT 2014

Inside FAC Monte Carlo Roundtable 2014

As the annual mayhem of the Monte Carlo Rendez-Vous swung around this year, a selection of leaders in the facultative reinsurance market took time out of their no-doubt packed schedules to discuss how fac can survive in this rapidly softening and hugely competitive marketRead more

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