Insight and Intelligence on the London & International Insurance Markets

26 May 2017

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AmTrust shares rally after capital injection

Shares in AmTrust surged over 12 percent today as investors signalled their approval of a $300mn capital injection disclosed late yesterdayRead more

Novae hunts for major legacy solution for reserves

Troubled London-listed insurer Novae is exploring a legacy transaction with parties including Berkshire Hathaway and Enstar that could allow it to hand off £450mn ($583mn) of net reserves, The Insurance Insider can revealRead more

AmTrust fee business sale an uphill struggle

AmTrust is likely to find it a challenge to divest a 51 percent stake in its fee business, according to banking sourcesRead more

Opinion: Trump ploughs familiar furrow

As shocking as it may seem, Donald Trump mimicked Barack Obama in proposing to gut the federal crop insurance programme in his budget this weekRead more

UPC finalises $2.8bn reinsurance treaty

UPC Insurance has put in place in its biggest ever reinsurance programme ahead of the 2017 hurricane season, with $2.8bn of limit, including $1.9bn of private coverRead more

Karfunkel family injects $300mn into AmTrust

Family members of AmTrust's founders have injected $300mn into the company through a private share offering just weeks after speculation that the insurer would require hundreds of millions of dollars to bolster reservesRead more

News analysis

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Top-line growth strategies differ in Q1

London-based carriers posted contrasting gross written premium (GWP) movements in the first quarterRead more

Global reinsurers follow divergent top line strategies

The Insurance Insider's composite of global reinsurers recorded a 2.3 percent weighted average drop in first quarter P&C reinsurance gross written premiums (GWP) to $17.6bn, using a five-year average exchange rateRead more

Global Re combined ratios worsen in Q1

P&C non-life reinsurance underwriting performances deteriorated in the three months to 31 March for the companies in our global reinsurer aggregate, due to core loss ratio inflation, higher catastrophe losses and Ogden hitsRead more

US specialty premium growth slows in Q1

The pace of top line growth among the listed US specialty carriers slowed to 4.3 percent in the first quarter of the yearRead more

US specialty combined ratios increase in Q1

Combined ratios were up across the board for US specialty insurers in the first quarter, as loss ratios inflated due to lower reserve releases and weaker underlying performancesRead more

More coverage

Mergers & Acquisitions

Exin in pole position to acquire Ethniki

Matt Fairfield's start-up Exin and backer Calamos Asset Management now look the likeliest acquirer of Greek insurer Ethniki after lodging a circa EUR850mn ($951mn) bid that topped the offers submitted by a trio of Chinese firms, The Insurance Insider understands.Read more

Trading RiskAll Articles
The reinsurance convergence market uncovered

CEA raises $925mn from Ursa Re

The California Earthquake Authority (CEA) has raised $925mn from its Ursa Re 2017-1 cat bond, making it not only the organisation's biggest cat bond issuance but also one of the ILS market's largest ever deals.Read more

Loss fileAll Articles
Major losses and claims tracked

Florida water claim losses spiral: AM Best

Assignment of benefits (AOB) problems in the Florida property insurance market have led to a 14.2 percent annual increase in water claim losses since 2010, according an AM Best report. Read more

The latest on litigation and legal developments

California agrees $12mn settlement with WR Berkley

The California Department of Insurance (CDI) has received a $12mn settlement from WR Berkley Corporation after one of its subsidiaries was found to be operating as a surplus lines carrier in the state without the required licencesRead more

BriefingsAll Articles
Mapping the regulatory and legislative landscape

GOP NFIP bill aims to pry open private US flood market

A proposal to reform the National Flood Insurance Program outlined today in Washington by a key Republican congressional leader seeks to pry open a $3.4bn market for private carriers while also establishing ways to improve the indebted scheme’s finances.Read more

Solvency IIAll Articles
All the latest news and analysis

EC threatens states with court action over Solvency II

The European Commission (EC) has called on five EU member states to fully transpose Solvency II rules into national legislation or face a referral to the EU Court of Justice.Read more

In-depth coverage of the run-off sector

Novae hunts for major legacy solution for reserves

Troubled London-listed insurer Novae is exploring a legacy transaction with parties including Berkshire Hathaway and Enstar that could allow it to hand off £450mn ($583mn) of net reserves, The Insurance Insider can revealRead more

Inside FACAll Articles
Full coverage of the facultative reinsurance market

Blick to lead Miller energy fac team

Miller has hired producer broker Ian Blick to manage and develop its energy facultative book of business.Read more

Insider Comment

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The targets get softer

They went out to a concert and came home from war. The narrative is commonplace, but no less shocking for its familiarityRead more

Research & Supplements

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TRIG spring 2017

Trading Risk Investor Guide H1 2017

Trading Risk was first launched in 2008 just before the crux of the financial crisis - a period that was ultimately to boost the fortunes of the ILS market, as it showed the value of a truly non-correlating asset classRead more

Bermuda RT 2016 2017

Bermuda Roundtable 2016/17

Bermuda RT 2016 2017 It's a bit of a cliché to say we're living in interesting times, but clichés become clichés because there's more than an element of truth to themRead more

PCI RT 2016

PCI Roundtable 2016

As Hurricane Matthew reached peak intensity and set its sights firmly on Florida in early October there was talk of "the big one": a storm of such magnitude that it could alter the inexorable softening course of the US (re)insurance marketRead more

20th anniversary cover

20th anniversary issue

The passing of 20 years of The Insurance Insider is a moment to celebrate the achievements of a publication that is now firmly embedded in the global P&C (re)insurance sectorRead more

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