Insight and Intelligence on the London & International Insurance Markets

20 March 2018

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Aspen shares surge on boost in CEO severance payout

Aspen shares took off this afternoon after the company disclosed a 50 percent increase in the cash compensation CEO Chris O’Kane would receive following a change in control, spurring speculation that the modification may make a takeover more likelyRead more

Arch agrees to $400mn legacy deal with Catalina

Arch Capital has struck a legacy deal with Catalina that calls for it to transfer around $400mn of reserves to the run-off specialist, The Insurance Insider can revealRead more

Rivington lands investment from PE firm Quadrant

Expansive program administrator and MGA Rivington Partners has secured a private equity investment from Quadrant Management to fuel further growth, including through acquisitions, The Insurance Insider can revealRead more

QBE in $255mn Hong Kong workers' comp disposal

QBE has approached the legacy market as it seeks to shed its troubled Hong Kong workers' compensation book, which holds an estimated HK$2bn ($255mn) in reserves, The Insurance Insider has learnedRead more

Access failed in scramble to add capital: SC regulator

Access Insurance tried to avoid liquidation by finding additional capital but failed, the South Carolina insurance regulator has confirmedRead more

P&C hit by $23.5bn underwriting loss in 2017: AM Best

Preliminary results reveal the US property and casualty sector reported a net underwriting loss of $23.5bn for catastrophe-afflicted 2017, according to AM BestRead more

News analysis

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P&C carriers return less capital in 2017

Capital management trends at the US-listed companies we follow were disrupted in 2017 by higher catastrophe losses and M&A activityRead more

Insurance M&A momentum set to continue: Clyde & Co

US tax reforms will spur M&A transactions in the US and Bermuda this year, while Brexit malaise could benefit Asian deal-making, according to lawyers at Clyde & CoRead more

P&I rates fall by 2%-5% at renewals

Shipowners with loss-free accounts have received low-single-digit rate decreases on protection and indemnity cover at general renewals for the 2018/19 policy yearRead more

PartnerRe continues quest to be pure-play reinsurer

PartnerRe's transfer of its upstream energy insurance portfolio to Ark Syndicate Management continues a strategic refocus on reinsurance that the Bermuda-based company embarked upon after being acquired two years agoRead more

Cats weigh on London carriers’ underwriting results

The Insurance Insider's group of London-listed carriers - Beazley, Hiscox and Lancashire - all posted worse underwriting margins for 2017 due to the year's catastrophe eventsRead more

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Mergers & Acquisitions

AJ Gallagher's M&A spending could reach $1bn in 2018

Acquisitive broker AJ Gallagher could spend as much as $1bn this year on buying smaller agencies, and already has as much as $400mn on hand to finance deals, company executives said yesterday.Read more

Trading RiskAll Articles
The reinsurance convergence market uncovered

Markel Catco’s side pockets bulge after 2017 losses

Markel Catco's London-listed Reinsurance Opportunities Fund had to put two-thirds of its year-end 2017 asset base into side pockets, much higher than the typical 5-15 percent that it puts on hold each year, sister publication Trading Risk reported. Read more

Loss fileAll Articles
Major losses and claims tracked

AGCS leads $44mn Mexican helicopter claim

Allianz Global Corporate & Specialty is the lead insurer on a Mexican helicopter loss that is set to cost the aviation market up to $44mn, The Insurance Insider can reveal.Read more

The latest on litigation and legal developments

Calamos executives sue Exin founder in Dutch court

Calamos Family Partners executives John Calamos and John Koudounis have filed a lawsuit against Exin founder Matt Fairfield in the Netherlands in their latest bid to recover more than $41mn in loans from the start-up, according to a report by Greek newspaper Kathimerini.Read more

BriefingsAll Articles
Mapping the regulatory and legislative landscape

California demands insurers pass on tax savings

California Insurance Commissioner Dave Jones has put insurers on notice over rates, warning that January's 14-point cut in the corporate tax rate needs to be reflected in their pricing.Read more

Solvency IIAll Articles
All the latest news and analysis

PRA's Woods pushes back on Solvency II overhaul demands

The debate about Solvency II reforms has lost sight of the policyholder, the Prudential Regulation Authority's Sam Woods told delegates at the Association of British Insurers' annual conference today.Read more

In-depth coverage of the run-off sector

QBE in $255mn Hong Kong workers' comp disposal

QBE has approached the legacy market as it seeks to shed its troubled Hong Kong workers' compensation book, which holds an estimated HK$2bn ($255mn) in reserves, The Insurance Insider has learned. Read more

Inside FACAll Articles
Full coverage of the facultative reinsurance market

Opinion: Markel's D&F decision

London open market property players may be surprised at Markel's decision to pull out of the sector, but maybe not that surprised.Read more

Insider Comment

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Don't stay for pudding

I read two great articles in the last week. Both were pieces of analysisRead more

Research & Supplements

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Bermuda RT 2017-18

Bermuda Roundtable Winter 2017/18

The reinsurance migration calendar doesn't usually bring me to Bermuda in DecemberRead more

SIRC 2017

SIRC 2017

There are complex dynamics around the regulation of reinsurance in emerging markets, including much of AsiaRead more

Bermuda RT October 2017

Bermuda Roundtable Autumn 2017

Bermuda is blessed with some of the best restaurants I've ever had the pleasure to attend, and seafood features heavilyRead more

BB 2017 Day 2

Baden-Baden 2017 Day 2

Welcome to the second of our daily editions from the 2017 Baden-Baden Reinsurance SymposiumRead more

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