Insight and Intelligence on the London & International Insurance Markets

4 October 2015

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JLT: market expecting $2bn-$3bn Tianjin loss

International broker JLT has reported that insured losses from a series of explosions the Chinese port of Tianjin in August are likely to amount to $2bn-$3bn, but that some in the market are speculating the final bill could be as high as $6bnRead more

Cullen promoted to CEO of Aon Risk Solutions EMEA

John Cullen will replace Rob Brown as CEO of Aon Risk Solutions (ARS) EMEA from 5 October, The Insurance Insider can revealRead more

Booth joins Dual as chairman

Hyperion's managing general agency (MGA) Dual has appointed industry veteran Clem Booth as its non-executive chairman, The Insurance Insider can revealRead more

MS&AD facing $386mn Asian storm bill

Mitsui Sumitomo Insurance and Aioi Nissay Dowa Insurance are jointly facing a 46.4bn yen ($386mn) hit from a trio of storms that struck Asia in recent monthsRead more

Tokio Marine incurred $170mn loss from Goni

Tokio Marine & Nichido Fire Insurance has revealed that it has incurred losses of 20.4bn yen ($170mn) from Typhoon Goni, which made landfall in Japan on 24 August as a Category One stormRead more

BB&T buys strategic stake in Miller from Willis

Major US retail and wholesale insurance broker BB&T has agreed to buy a 16.9 percent stake in Miller Insurance Services and entered into a partnership with the Lloyd's broker and its majority owner WillisRead more

News analysis

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Zurich reserve charge suggests more US commercial auto rate needed

The news last week of Zurich's US commercial auto reserve charge has again shone the spotlight on a line of business that has proved troublesome for insurersRead more

Outperforming specialty sector to attract more M&A interest: S&P

The relative outperformance of US specialty carriers will continue to draw the attention of other insurers and investors looking to build a presence in the segment, according to Standard & Poor's (S&P)Read more

Monte Carlo 2015: The analysts’ view

With the curtain drawn on another Monte Carlo Rendez-Vous, the sector's P&C equities analysts have issued their key takeaways from the conferenceRead more

Key takeaways from the second quarter

The second quarter served as a stark reminder to global specialty (re)insurers that volatility exists beyond the realms of major natural catastrophesRead more

Q2 returns crumble

Net returns narrowed materially during the second quarter as thinning underwriting margins, low investment returns and mark-to-market losses crunched the bottom lineRead more

More coverage

Mergers & Acquisitions

Greenberg predicts further consolidation

CV Starr president and CEO Hank Greenberg has predicted that M&A activity in the insurance industry will continue, telling the Rims Canada conference that rate pressure had "made it impossible for some companies to survive"Read more

Trading RiskAll Articles
The reinsurance convergence market uncovered

(Re)insurance M&A a boon to ILS

Reinsurance M&A could benefit insurance-linked securities (ILS) funds as larger carriers will be keen to reduce counterparty credit risk, two fund managers have told sister title Trading Risk.Read more

Loss fileAll Articles
Major losses and claims tracked

JLT: market expecting $2bn-$3bn Tianjin loss

International broker JLT has reported that insured losses from a series of explosions the Chinese port of Tianjin in August are likely to amount to $2bn-$3bn, but that some in the market are speculating the final bill could be as high as $6bnRead more

The latest on litigation and legal developments

Insurers to face late payment damages

An amendment to the Insurance Act could leave insurers on the hook for damages if they fail to pay a claim promptly.Read more

BriefingsAll Articles
Mapping the regulatory and legislative landscape

Eiopa to extend Bernardino’s chairmanship

Gabriel Bernardino will serve a second five-year term as chairman of the European Insurance and Occupational Pensions Authority (Eiopa)Read more

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

Infrastructure asset change ‘step in the right direction': Insurance Europe

European trade body Insurance Europe has welcomed a European Commission amendment to the Solvency II rules to make it less onerous for insurance companies to invest in infrastructure projects.Read more

In-depth coverage of the run-off sector

Darag appoints CEO of new Maltese platform

German legacy carrier Darag has announced a series of senior appointments after launching its new platform in Malta.Read more

Inside FACAll Articles
Full coverage of the facultative reinsurance market

Zurich aims for new fac facility at 1.1

The trend for soft treaty capacity to absorb business previously ceded to the facultative market is set to continue with a new fac facility being planned by global insurer Zurich, sister title Inside FAC reported today (21 September).Read more

Insider Comment

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Don’t fluff it

London market humourists were gifted an easy throwaway gag last weekRead more

Scriven Profile

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John Haley

Towers Watson chairman and CEO John Haley is this month's profileRead more

Research & Supplements

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MC 2015 Day 4

The Insurance Insider Monte Carlo 2015 Day 4

At its core this industry is so conservative that even the ultra-conservative city-state it calls home once a year seems radical in comparisonRead more

MC 2015 Day 3

The Insurance Insider Monte Carlo 2015 Day 3

When change comes, one of the biggest debates is whether it is cyclical and therefore prone to being reversed at some point, or whether it is secular and part of something solid and permanentRead more

MC 2015 Day 2

The Insurance Insider Monte Carlo 2015 Day 2

Like many of you, yesterday I was woken from a planned lie-in by a stormRead more

MC 2015 Day 1 cover fill

The Insurance Insider Monte Carlo 2015 Day 1

The comedian hosting our fabulous and glittering Insider Honours ceremony last week very amusingly played on the different characteristics of the multiple nationalities that were present at a London-based global industry gathering a couple of days before Monte CarloRead more

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