Insight and Intelligence on the London & International Insurance Markets

24 August 2016

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CPPIB the preferred bidder for $900mn Ascot

The Canada Pension Plan Investment Board (CPPIB) is in advanced talks to acquire Lloyd's (re)insurer Ascot in a cash deal with an enterprise value in excess of $900mn, The Insurance Insider understandsRead more


One at Lloyd’s scales back to syndicate-only plan

Athito CEO Stef Raftopoulos and Ark executive chairman David Foreman have decided not to pursue a dual managing agency-syndicate start-up, focusing instead on the launch of the syndicate, The Insurance Insider can revealRead more


Italy struck by magnitude 6.2 earthquake

Central Italy was hit by a major earthquake at around 1:30am local time this morning, the largest in the region since April 2009Read more


Liberty Specialty Markets expands in Italy

Liberty Specialty Markets (LSM) has agreed to acquire Italian Lloyd's coverholder Wholesale Binding Authorities (WBA), it announced todayRead more


California commissioner approves State Farm rate cuts

California insurance commissioner Dave Jones has approved rate reductions for several of US carrier State Farm's commercial policies following a review of requested price hikesRead more


Steadfast Group 2016 revenues surge on acquisitions

Fast-expanding Australian intermediary Steadfast Group reported a 54 percent increase in its underlying revenue for the 2016 financial year to A$459.5mn ($349mn)Read more


News analysis

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Arch breaks the mould with UGC deal

Arch's $3.4bn takeover of mortgage insurer United Guaranty Corporation (UGC) is a transformative deal that will create a Bermudian (re)insurer like no otherRead more

AIG ticks off UGC but long road ahead

In divesting United Guaranty Corporation (UGC) AIG is executing its game plan but it is still far from achieving its end goalRead more


Goldman Sachs brings Enstar stake to market 5 years on

Financial and strategic buyers have a rare opportunity to pick up meaningful exposure to the heavyweight end of the run-off market after Goldman Sachs' private equity arm signalled that it wanted to sell its stake in EnstarRead more


Global reinsurance GWP falls in Q2

Average gross written premium (GWP) at reinsurers in The Insurance Insider's global composite shrank by 3.8 percent year-on-year in the second quarterRead more

Lloyd’s carriers’ returns nearly double in H1 2016

The listed Lloyd's carriers reported double-digit returns for the first half of 2016, surpassing their 2015 performance as investment returns recoveredRead more

More coverage

Mergers & Acquisitions

Liberty Specialty Markets expands in Italy

Liberty Specialty Markets (LSM) has agreed to acquire Italian Lloyd's coverholder Wholesale Binding Authorities (WBA), it announced today. Read more

Trading RiskAll Articles
The reinsurance convergence market uncovered

Swiss Re and ILS funds lead UPC/ACIC Florida panels

Swiss Re, Everest Re and several insurance-linked securities (ILS) funds are among the major reinsurance providers for United Insurance Holdings carrier UPC Insurance and American Coastal Insurance (ACIC). Read more

Loss fileAll Articles
Major losses and claims tracked

Arch to take a portion of $660mn Sempra loss

Bermudian carrier Arch is expected to take a portion of a $660mn energy casualty claim from Sempra Energy following a historic natural gas leak.Read more

The latest on litigation and legal developments

Former Willis director sentenced over $2mn fraud

Former Willis Towers Watson executive director Simon Higginson has been sentenced to five years imprisonment over a conspiracy to defraud the broker of over $2.3mn.Read more

BriefingsAll Articles
Mapping the regulatory and legislative landscape

California commissioner approves State Farm rate cuts

California insurance commissioner Dave Jones has approved rate reductions for several of US carrier State Farm's commercial policies following a review of requested price hikes.Read more

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

PRA defers SII external audit decision

UK regulator the Prudential Regulation Authority has deferred its decision on whether carriers can use external auditors to assess their Solvency II capital disclosures, it announced today (4 July)Read more

In-depth coverage of the run-off sector

Goldman Sachs puts $600mn Enstar stake up for sale

Goldman Sachs’ private equity arm has started to approach potential acquirers of its significant minority stake in New York-listed legacy-to-live carrier Enstar, The Insurance Insider can reveal.Read more

Inside FACAll Articles
Full coverage of the facultative reinsurance market

Marsh Echo facility gains market support

Marsh Finpro has received widespread support from London management liability writers for its latest facility in a clear demonstration of the continuing dominance of broker-led offerings, sister title Inside FAC revealed earlier this month.Read more

Insider Comment

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Just do it

Insurance is a simple business. You take in premiums and invest them. Out of this you pay wages, office costs, brokerage and losses. The money you get from the former needs to comfortably exceed the latter - that being the case you get to pay the taxman and then your shareholdersRead more

Research & Supplements

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Bermuda Summer Roundtable 2016

The Insurance Insider Bermuda Roundtable 2016

It's not all doom and gloom. The mid-year renewals weren't that bad after allRead more


Legacy 2016

Legacy 2016

It's not often that the glitz of the film industry crosses with the glamour of the legacy marketRead more

Miami RT cover

Miami Roundtable 2016

It's a great privilege to have a ringside seat when something exciting is happening in the industryRead more


Insider MC RT 2015

Monte Carlo Roundtable 2015

I love the Monte Carlo Rendez-Vous! In many ways The Insurance Insider Roundtable has become the definitive event of the gatheringRead more

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