Insight and Intelligence on the London & International Insurance Markets

23 October 2014

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Ace in strong third quarter earnings beat

Ace comfortably outpaced Wall Street forecasts as it reported record third quarter operating profits of $891mn, up from $857mn in the prior-year periodRead more

US commercial property rates to drop 10-15% in 2015: Willis

US commercial property insurance rates will fall on average by 10-15 percent for both non-cat and cat-exposed risks next year, according to Willis in its latest outlook on the marketRead more

ANV Syndicate 1861 hires head of energy

John Hopper has joined ANV Syndicate 1861 at Lloyd's to lead its energy underwriting team, the firm announced today (22 October)Read more

Ruoff: Alternative capital is shaking up the value chain

The influx of third party capital is disrupting the traditional value chain of the insurance industry, according to the European head of Tokio Millennium ReRead more

Lloyd’s approves first Turkish broker

Lloyd's yesterday (22 October) gave approval to the first Turkish broker to operate in the London marketRead more

New life reporting could trigger higher UK costs: EY

A blanket common reporting standard (CRS) could lead to disproportionate costs of up to £100mn for UK life insurers with legacy policies, EY said today (22 October)Read more

News analysis

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Bleak outlook expected to cloud strong US P&C earnings in Q3

US-listed P&C carriers are widely expected to beat consensus earnings forecasts for the third quarter, driven by an inactive wind season and a relatively quiet period for major catastrophe lossesRead more

Early reporters reveal mixed results but same outlook

M&A valuations for (re)insurance businesses are likely to come under pressure next year as the pendulum swings from more of a buyers' market to a sellers' oneRead more

Lloyd’s Names exercise caution at 2015 capacity auctions as pressures mount

Names' interest in capacity on Lloyd's syndicates has significantly waned at the 2015 auctions amid deteriorating market conditions and a suppressed industry outlookRead more

Ratings actions: a year of two halves?

Ratings agencies AM Best and Standard & Poor's (S&P) made just five changes between them to reinsurer ratings in the first half of the year, but all of them were positiveRead more

Short-tail carriers lead 2014 multiple compression

Valuations on a price-to-book basis have fallen by 6 percent for the companies in The Insider 30 in the year to date, as sentiment on the sector has turned negative following 2013's stellar share price performanceRead more

More coverage

Mergers & Acquisitions

Admin Re offloads US subsidiary to RGA

Swiss Re's Admin Re division has announced the sale of its closed life US subsidiary Aurora National Life Assurance Company to Reinsurance Group of America (RGA)Read more

Trading RiskAll Articles
The reinsurance convergence market uncovered

Schultz: Alternative capital to target primary markets

Aon Benfield Securities CEO Paul Schultz has predicted an acceleration of alternative capital flowing directly to insureds, following the Metropolitan Transportation Authority's shift towards collateralised protection and the launch of the MetroCat bondRead more

Loss fileAll Articles
Major losses and claims tracked

AIR estimates $100mn-$400mn Hudhud insured loss range

Insured losses generated by Cyclone Hudhud are estimated to range from $100mn to $400mn, cat modelling firm AIR Worldwide said today (21 October).Read more

The latest on litigation and legal developments

Aon defends $242mn Lithuanian negligence suit

Big three broker Aon is fighting against allegations in the UK Commercial Court that it wrongly removed $242mn of business interruption (BI) cover from a policy for a Lithuanian energy companyRead more

BriefingsAll Articles
Mapping the regulatory and legislative landscape

New life reporting could trigger higher UK costs: EY

A blanket common reporting standard (CRS) could lead to disproportionate costs of up to £100mn for UK life insurers with legacy policies, EY said today (22 October).Read more

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

Lloyd’s cracks down on Solvency II stragglers

Managing agents that fall short of Lloyd's standards on Solvency II preparedness will face punitive capital requirements in 2015 as the Corporation looks to galvanise laggards into action, The Insurance Insider can reveal.Read more

In-depth coverage of the run-off sector

Compre re-hires Eilers as HIR supervisory chair

Compre Holdings has appointed German industry veteran Dr Wolfgang Eilers to chair the supervisory board of Hamburger Internationale Rück (HIR), which the independent (re)insurance legacy specialist acquired from Tawa plc in August this yearRead more

Inside FACAll Articles
Full coverage of the facultative reinsurance market

$200mn+ ABS-2 satellite loss to hit market

The niche space (re)insurance market  looks set to take a loss of $200mn+ following the failure of a satellite in orbit, our sister title Inside FAC revealed last week.Read more

Insider Comment

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A Third Way for broking entrepreneurs?

Back in September during Monte Carlo, talk of a Willis-Miller deal had been a prime candidate for the crazy rumour of the month. But the rumours refused to go awayRead more

Scriven Profile

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Mike Reynolds

The new JLT Re CEO is our October 2014 profileRead more

Research & Supplements

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BB 2014 Day 2

Baden-Baden Newsletter 2014 Day 2

The second of our newsletters from Baden-Baden for 2014Read more

BB 2014 Day 1

Baden-Baden Newsletter 2014 Day 1

Many in our sector are so preoccupied with the day-to-day element of their operations that they don't seem to notice that something is a threat until it gets so close that they can't avoid identifying itRead more

II Honours 2014

The Insurance Insider Honours 2014

The Insurance Insider's third Honours event saw 800 leading industry executives packed into the spectacular riverside setting of London's Old Billingsgate Market at a splendid gala evening compered by UK comedian Rory BremnerRead more

Monte Carlo Day 4

The Insurance Insider Monte Carlo 2014 Day 4

The last in our series of Monte Carlo dailies for 2014Read more

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