Insight and Intelligence on the London & International Insurance Markets

2 September 2015

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August hedge fund reinsurer investment returns go negative

Greenlight Re and Third Point Re both saw returns on their investment portfolios slide into negative territory in August after a challenging month for hedge fund reinsurers amid wider equity market turmoilRead more

M&A to continue as reinsurers face ‘new reality’: AM Best

The wave of M&A washing over the reinsurance sector is expected to continue as carriers respond to the challenges of increased competition, higher commissions, lower prices and growing retentions, according to AM BestRead more

Fears of $2bn-$3bn Tianjin loss mount

Insured losses from the explosion in Tianjin port last month are now expected to amount to $2bn-$3bn, according to a range of market sourcesRead more

Hyundai and VW Tianjin losses fall on local market

The losses from thousands of Hyundai and Volkswagen cars damaged in the Tianjin explosions in China are set to fall on local carriers, significantly improving the prospects of the international marine market, The Insurance Insider understandsRead more

Chinese insurers start to quantify Tianjin exposure

Information remains sketchy at best, but Chinese cedants have started to feed numbers through to reinsurers as they look to gain a clear sense of their exposure to last month's explosion in the Port of TianjinRead more

Hester in line for multi-million-pound payout if Zurich deal completes

RSA boss Stephen Hester could receive a multi-million pound payout if Zurich's proposed takeover goes aheadRead more

News analysis

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London underwriting result flat

The London specialty insurers shaved 10 basis points off their combined ratios to deliver another strong half-year underwriting performance as they continued to benefit from a benign loss environmentRead more

London top line surges despite soft market

The London specialty carriers that report full results have accelerated top-line growth into a market that is suffering from significant rate softeningRead more

2013 YoA syndicate forecasts upgraded as 2014 stalls

Profit forecasts for Names-backed Lloyd's syndicates in the 2013 year of account (YoA) improved during the second quarter as the 2014 YoA suffered some deteriorationRead more

The perils of mark-to-market accounting

The second quarter of this year demonstrated one thing as far as (re)insurers' investment portfolios were concerned: that mark-to-market accounting can hit the bottom line hard if rates move suddenlyRead more

Berkshire and State National climb E&S top-line table

Berkshire Hathaway and State National were among the biggest movers up the table of the top 25 excess and surplus lines (E&S) writers in 2014, according to data from AM BestRead more

More coverage

Mergers & Acquisitions

Reinsurers and brokers braced for Zurich-RSA deal

Reinsurers and brokers look set to lose out from Zurich's pending purchase of RSA, with the Switzerland-based insurance group likely to meaningfully scale back its acquisition's reinsurance spend as it hunts for synergies to make the deal pay.Read more

Trading RiskAll Articles
The reinsurance convergence market uncovered

CEA clamps down on broker budget

The California Earthquake Authority (CEA) plans to cut its budget for reinsurance broking services by more than a third, according to agenda documents from a meeting of the company's board held last week. Read more

Loss fileAll Articles
Major losses and claims tracked

Fears of $2bn-$3bn Tianjin loss mount

Insured losses from the explosion in Tianjin port last month are now expected to amount to $2bn-$3bn, according to a range of market sources.Read more

The latest on litigation and legal developments

Former AJ Gallagher execs facing £2mn repayments

The former Arthur J Gallagher (AJG) executives that defected to rival broker Towergate are facing a bill of around £2mn for loans and retention bonuses, the intermediary revealed in a Securities and Exchange Commission (SEC) filing.Read more

BriefingsAll Articles
Mapping the regulatory and legislative landscape

PPL launch delayed

The electronic placing platform for the London market faces delays due to brokers and underwriters raising functionality concerns, The Insurance Insider understands.Read more

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

Firms continue to be challenged by pillar 3 of SII

Insurers are extremely concerned with last minute requirements being made of them ahead of Solvency II implementation on 1 January, according to a survey from industry trade body Insurance EuropeRead more

In-depth coverage of the run-off sector

CEO Silvester sells more than $110mn of Enstar shares

Enstar CEO Dominic Silvester has sold more than half of his shares in the New York-listed legacy-to-live carrier to the Canadian Pension Plan Investment Board (CPPIB), Securities and Exchange Commission documents filed on 28 August have shown.Read more

Inside FACAll Articles
Full coverage of the facultative reinsurance market

Hardy defections continue as D&F trio joins Hamilton

Three CNA Hardy direct and facultative (D&F) property underwriters have resigned to take up positions at Hamilton Underwriting, the Lloyd's managing agency of Hamilton Insurance, sister publication Inside FAC has revealedRead more

Insider Comment

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I was there

After Hurricane Sandy an analyst friend shared with us a crude and unscientific rule-of-thumb methodology for working out which reinsurers and specialty players were most likely to be affected by the lossRead more

Scriven Profile

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John Finnegan

Chubb CEO John Finnegan is this month's profileRead more

Research & Supplements

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Bermuda summer 2015 RT

The Insurance Insider Bermuda Roundtable 2015

What a place Bermuda is. There is so much resourcefulness and drive corralled into such a small geographical area. This is still a place where people come to get things doneRead more

NY Roundtable 2015

New York Roundtable 2015

I could swear the world is spinning faster than it was this time last yearRead more

Legacy RT

The Insurance Insider Legacy Roundtable 2015

Summer is upon us, which means many will be reaching for the charcoal and last month's issue of The Insurance Insider to get the barbecue fired up and begin eating al frescoRead more

London market roundtable 2015

London Market Roundtable 2015

There is a paradox at the heart of the London market - what makes it so strong is what can also hold it backRead more

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