Insight and Intelligence on the London & International Insurance Markets

1 November 2014

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Government threatens to remove Pool Re guarantee

HM Treasury has threatened to remove the UK government's retrocessional guarantee for Pool Re unless the scheme's board and members agree to a major hike in the premium levied on the insurance industryRead more


AmTrust breaks with $500mn Italian med-mal distributor

Nasdaq-listed insurer AmTrust's relationship with Trust Risk Group, the sole distributor for its $500mn Italian medical malpractice business, has broken down under acrimonious circumstances, The Insurance Insider understandsRead more


Aon reports 4% reinsurance revenue drop for Q3

Aon became the last of the big three brokers to publish its third quarter interim results today (31 October), and revealed a decrease of 4 percent in organic revenue for its reinsurance business compared to Q3 2013Read more


AmTrust shares dive after Gotham’s $0 price target

Investment firm Gotham has published a wide-ranging attack on AmTrust in which it sets a price target of $0 for the stock, sending the Nasdaq-listed insurer's shares into a tailspinRead more


Zurich closes sale of its Russian retail business

Zurich Insurance Group has successfully closed the sale of its Russian general insurance retail business to Moscow-based investment company OLMA GroupRead more


Direct Line interims show GWP fall

UK motor insurer Direct Line Group's third quarter interim statement, published today (31 October), showed a 5 percent decrease in gross written premiums (GWP) for the first nine months of 2014 compared to the prior-year periodRead more


News analysis

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Bellwethers suggest continued US commercial deceleration

With the third quarter reporting season well underway, industry bellwethers have provided further evidence of slowing US commercial P&C pricing momentum, with no signs of easingRead more

Citizens take-outs offer glimmer of hope for reinsurers

Downbeat property catastrophe reinsurers can look to the Florida market for some degree of comfort in 2015 following the latest round of Citizens take-outs, which could result in fresh demand for protectionRead more


US commercial P&C carriers beat the Street in Q3 amid rising pressures

Despite moderating pricing trends, US commercial P&C carriers have so far trumped Wall Street forecasts for the third quarter, as modest cats and solid underwriting results helped lift the bottom lineRead more


E&S market faces soft market headwinds

Despite its recent track record of growing market share against admitted carriers, the US surplus lines sector faces a series of challenges to profitability as it moves through 2014 and into 2015Read more

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

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Mergers & Acquisitions

Zurich closes sale of its Russian retail business

Zurich Insurance Group has successfully closed the sale of its Russian general insurance retail business to Moscow-based investment company OLMA Group.Read more

Trading RiskAll Articles
The reinsurance convergence market uncovered

Everest Re returns to cat bond market

Everest Re has launched a Kilimanjaro Re quake-only cat bond, marking its return to the ILS market following its debut $450mn issuance in April. Read more

Loss fileAll Articles
Major losses and claims tracked

London mariners facing c.$100mn of losses

Marine insurers are facing losses of roughly $100mn from two recent events, The Insurance Insider has learned. Read more

The latest on litigation and legal developments

Travelers in dispute with restaurant chain over cyber liability

Travelers has asked a US district court to rule that it is not required to cover a nationwide Chinese restaurant chain against a cyber breach.Read more

BriefingsAll Articles
Mapping the regulatory and legislative landscape

Government threatens to remove Pool Re guarantee

HM Treasury has threatened to remove the UK government's retrocessional guarantee for Pool Re unless the scheme's board and members agree to a major hike in the premium levied on the insurance industryRead more

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

M&A fuelled by diversification demands

Solvency capital requirements (SCR) will force European insurers to seek out risk diversifiers and will drive forward M&A activity, according to analysts at CreditSightsRead more

In-depth coverage of the run-off sector

Aviva touts £1bn+ employers’ liability book

London-listed insurer Aviva has launched an informal sales process to dispose of a £1bn+ book of industrial and potentially volatile UK employers' liability business, The Insurance Insider understands.Read 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 wolf in casualty clothing

This reinsurance market cycle has had us baffled for years. Every time we see a wolf it turns out to be a pussycat throwing a big shadowRead 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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PCI Day 3

PCI Newsletter 2014 Day 3

The last of our special newsletters from this year's PCI conferenceRead more


PCI Day 1

PCI Newsletter 2014 Day 1

The first of our special issues from this year's PCI conferenceRead more

PCI Day 2

PCI Newsletter 2014 Day 2

The second of our special issues from this year's PCI conferenceRead more


BB 2014 Day 2

Baden-Baden Newsletter 2014 Day 2

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

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