Insight and Intelligence on the London & International Insurance Markets

3 August 2015

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CNA hit by $150mn asbestos deterioration

US-listed carrier CNA saw operating profits halve in the second quarter after a retroactive reinsurance charge relating to its legacy asbestos deal with Berkshire Hathaway impacted the company's bottom lineRead more

PartnerRe drops Axis and agrees to $6.9bn Exor sale

PartnerRe has agreed a $6.9bn sale to Italian investment vehicle Exor, ending a long-running and bitter M&A battle with Bermudian carrier Axis for the pure-play reinsurerRead more

Bill Berkley to retire in October

Bill Berkley will step down as CEO of WR Berkley after almost 50 years in the role at the end of October, with his son Rob Berkley set to succeed himRead more

China Re files for IPO

State-owned China Re has submitted a preliminary application for an IPO in Hong Kong, according to reports this morning (3 August)Read more

TigerRisk enters Chinese market

Reinsurance broker TigerRisk has launched in Asia after opening an office in Hong Kong on 30 JulyRead more

Steve McGill takes new Argo role

Argo Group has appointed XL Catlin's Steve McGill to the new role of global head of professional lines, the carrier announced today (3 August)Read more

News analysis

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US heavyweights point to sustained pricing pressure in H2

Industry bellwethers have produced further evidence that price increases in the US commercial P&C sector are slowing while striking different notes on the impact this is likely to have on margin in the second half of the yearRead more

Axis-PartnerRe multiple expansion claims ‘Herculean’: ISS

ISS has raised significant doubts over Axis and PartnerRe's assertions that the combined entity might achieve a price-to tangible book multiple of 1.3xRead more

US casualty a buyers’ market: Marsh

The US casualty insurance has continued to soften in the second quarter of 2015, with previously challenging risks increasingly easy to place, according to Steve Kempsey of MarshRead more

The 2014 P&C executive pay league

Remuneration for the top 50 highest paid executives in the P&C (re)insurance industry climbed to $514mn in 2014, The Insurance Insider's executive pay league has shownRead more

Q2 earnings fight M&A fever for attention

The P&C reporting season gets underway this week amid a spate of unprecedented M&A activity that appears to be leaving no corner of the industry untouchedRead more

More coverage

Mergers & Acquisitions

PartnerRe drops Axis and agrees to $6.9bn Exor sale

PartnerRe has agreed a $6.9bn sale to Italian investment vehicle Exor, ending a long-running and bitter M&A battle with Bermudian carrier Axis for the pure-play reinsurer.Read more

Trading RiskAll Articles
The reinsurance convergence market uncovered

Top 10 ILS managers add 2% to asset base in H1

Assets under management at the top 10 insurance-linked securities (ILS) fund managers increased by just under 2 percent during the first half of 2015, according to data published by sister title Trading Risk.Read more

Loss fileAll Articles
Major losses and claims tracked

No claim after NZ$1mn left on airport tarmac

The specie insurance market is expected to avoid a claim after a bag containing NZ$1mn was left on the tarmac of Hong Kong International airport earlier this month, The Insurance Insider understands. Read more

The latest on litigation and legal developments

Gallagher sues former employee

International broker Arthur J Gallagher is suing one of its former employees and his new employer Portsoken after data was allegedly stolen and passed on to the rival intermediary.Read more

BriefingsAll Articles
Mapping the regulatory and legislative landscape

New UK third parties rules to come into force

The long-awaited UK Third Parties (Rights Against Insurers) Act 2010 could finally be ready to come into force after years of delays, The Insurance Insider understands.Read more

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

Hamilton gets Solvency II green light

The Lloyd's managing agency of Brian Duperreault's Hamilton Insurance Group has turned its Solvency II traffic light green after an extended period on red, The Insurance Insider can reveal.Read more

In-depth coverage of the run-off sector

Enstar loses head of life

Enstar executive vice president and group head of life Cormac Treanor has left the company less than a year after joining, The Insurance Insider has learned. Read more

Inside FACAll Articles
Full coverage of the facultative reinsurance market

Aon Benfield Fac CEO leaves for Guy Carp

Aon Benfield Fac CEO Paul Summers has resigned and will join rival GC Fac, sister title Inside FAC reported yesterday (8 June).Read more

Insider Comment

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Voices in the wilderness

Summer can bring even the most sheltered characters outsideRead more

Scriven Profile

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Christopher Williams

This month's profile is HCC Insurance Holdings CEO Christopher WilliamsRead 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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