London-listed insurer Aviva's share price fell 4.7 percent to 267.7p on 17 May, after a tumultuous day in which its proposed strategic review and interim management statement were poorly received by the market…Read more
Thai flood losses on the overseas per risk treaties of the Japanese big three (re)insurers have deteriorated still further, The Insurance Insider can reveal…Read more
DLA Piper's Hong Kong office has hired two insurance, corporate and regulatory partners from beleaguered law firm Dewey & LeBoeuf, along with around three associates…Read more
Ratings agency Fitch has said that the emerging markets strategy at the heart of Lloyd's Vision 2025 strategic plan is a net positive, albeit observing that it does carry additional risk…Read more
Hardy Underwriting, currently being sold to CNA, cut its top line by 21.5 percent in the first quarter as it pulled back on catastrophe risk and exited other lines of business…Read more
BP Marsh & Partners has announced that its wholly owned subsidiary BP Marsh & Co Limited has sold 1,193,500 shares in international broking and managing general agency group Hyperion for £4,535,300 in cash…Read more
Benjamin Franklin once said that out of adversity comes opportunity and so it appears for our (re)insurance universe, with significant top-line growth coming after a tumultuous and catastrophe-ridden 2011… Read more
The top-listed Lloyd's insurers revealed generally upbeat commentary on the January and April renewals in their first quarter interim management statements, but also revealed a noticeable divide on rate prospects… Read more
Munich Re said it plans to deploy similar capacity in the upcoming US hurricane renewals as it has in past years after cutting back its property cat writing earlier this year… Read more
Allstate Corp successfully added a $475mn top layer to its 2012 nationwide excess of loss cat programme while keeping its overall reinsurance spending to a modest 2 percent increase on last year… Read more
Lloyd's, Munich Re and Swiss Re have just over a 45 percent market share in property cat business, analysis from The Insurance Insider shows… Read more
Legacy big hitters Enstar and Catalina are out of the Flagstone sale process, leaving Tower Group and ANV as the remaining bidders, The Insurance Insider can reveal… Read more
Global reinsurer Scor has doubled the amount of event-driven contingent capital it can draw down on in response to large natural catastrophe losses to EUR 150mn from EUR75mn.… Read more
Thai flood losses on the overseas per risk treaties of the Japanese big three (re)insurers have deteriorated still further, The Insurance Insider can reveal.… Read more
DLA Piper's Hong Kong office has hired two insurance, corporate and regulatory partners from beleaguered law firm Dewey & LeBoeuf, along with around three associates… Read more
Gabriel Bernardino, head of the European insurance watchdog Eiopa, has added his voice to calls for more regulation of loss adjusters and said the profession is likely to be "further recognised" at EU-level in the near future.… Read more
52 managing agents pass new three-light test, but one gets red light. Who is it?… Read more
More than 20 companies have expressed an interest in purchasing a portfolio of run-off Greek motor insurance, highlighting the strong competition for legacy assets that still exists in the London market, according to sources.… Read more
The Sukhoi Superjet plane crash in Indonesia yesterday (9 May) is set to cost hull insurers $34.6mn, sister title Inside FAC revealed earlier.… Read more
There can be no better proof that Lloyd's and the wider London market has completed its rehabilitation in the eyes of the British establishment than last week's visit to the room by Prime Minister David Cameron for the launch of the Lloyd's Vision 2025… Read more
The Insurance Insider profiles Matt Fairfield, head of Dutch-headquartered specialty insurance start-up ANV and proud new owner of Flagstone's Lloyd's operations… Read more
At the time of writing, it's over six months since the Atlantis flew its final mission, bringing an end to Nasa's iconic 30-year Space Shuttle programme. With only two major, albeit tragic, failures of the vehicles in some 135 missions, the programme has helped… Read more
When The Insurance Insider last set down on the shores of Bermuda, the market was in the immediate aftershock of the Great Tohoku earthquake. It was late March and at our first Bermuda reinsurance roundtable of 2011 the talk was naturally dominated by the impact of the Japanese tragedy… Read more
When we gathered some of the industry's leading lights in this great coastal retreat last year, we heard tales of how hefty H1 nat cat and man made losses might hasten the end of the latter stages of the late-soft market cycle… Read more
It was great to see so many of the D&F fraternity gathered in Monte Carlo this year, doing the rounds in what, even for the principality, was especially hot weather. In the run-up to this year's roundtable one issue really seemed to dominate the thinking of those in the market, namely who's buying?… Read more