Insight and Intelligence on the London & International Insurance Markets

23 February 2017

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F&G relaunches auction as Anbang approvals stall

New York-listed Fidelity & Guaranty (F&G) Life has revived a sale process that initially ended 16 months ago with an agreed $1.6bn sale to Chinese firm Anbang Insurance, The Insurance Insider understandsRead more

Aquatic market hit by $45mn of fish losses

A spate of algae infestations that killed millions of salmon and tuna will see London market underwriters take a share of a $45mn bill, The Insurance Insider understandsRead more

Mutual insurer M&A expected to heat up in coming years

Mergers, acquisitions and capital raises in the mutual insurance market are expected to accelerate over the next three years, according to an analysis from boutique investment bank Stonybrook CapitalRead more

Alleghany in big beat despite lower UW profits

Underwriting profits at Alleghany’s (re)insurance operations dropped 22 percent to $102.1mn for the fourth quarter as higher cat and current accident year losses were only partially offset by prior-year reserve releasesRead more

Greenlight Re swings to a profit but misses estimates

Greenlight Capital Re posted net income of $49.2mn for the fourth quarter of last year, missing the consensus view of three Wall Street analysts even as investment gains lifted the reinsurer into the black from a year-earlier lossRead more

TransRe binds $150mn for GenRe in broker market tie-up

TransRe has bound over $150mn of projected premiums for Gen Re under the exclusive broker market underwriting relationship the reinsurers entered into at the start of August 2016Read more

News analysis

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US specialty top line growth accelerates in Q4

Despite intense market competition and rate declines, US specialty carriers found areas where they believed they could grow profitably in the fourth quarter of 2016. The carriers wrote 4.8 percent more business year-on-yearRead more

US specialty combined ratios worsen in Q4

Underwriting performance in The Insurance Insider's US specialty composite deteriorated in the three months to 31 December for the first time in the past five yearsRead more

Returns fall at US specialty carriers in Q4

US specialty insurers reported declining annualised operating returns on equity (RoEs) in the fourth quarter of 2016, as a modest improvement in investment returns failed to compensate for a contraction in underwriting marginsRead more

Primary rate declines slowed in 2016: Marsh

Declines in global insurance rates moderated throughout 2016 amid early signs of capacity withdrawal and rising combined ratios, according to MarshRead more

Citizens leads Florida push for AOB reforms

With the regular Florida legislative session due to convene in three weeks, industry lobbyists are pushing hard for reforms to address the assignment of benefits (AOB) water claims crisis in the stateRead more

More coverage

Mergers & Acquisitions

Suncorp challenges Fairfax for Tower

Suncorp subsidiary Vero has made a competing bid of NZ$1.30 ($0.93) a share for 100 percent of New Zealand insurer Tower, less than two weeks after Tower accepted a NZ$1.17 offer from Fairfax FinancialRead more

Trading RiskAll Articles
The reinsurance convergence market uncovered

Nephila and Greenlight write 20% United QS

United has bought a new 20 percent quota share cover from Nephila Capital and Greenlight Re, the Floridian insurer said on an analyst call after the release of its fourth quarter resultsRead more

Loss fileAll Articles
Major losses and claims tracked

Aquatic market hit by $45mn of fish losses

A spate of algae infestations that killed millions of salmon and tuna will see London market underwriters take a share of a $45mn bill, The Insurance Insider understandsRead more

The latest on litigation and legal developments

AJG pursues Scottish broker for breach of contract

AJ Gallagher (AJG) has launched proceedings against Graham Hudson, the former director of its Aberdeen office, accusing him of client solicitation during a restricted period.Read more

BriefingsAll Articles
Mapping the regulatory and legislative landscape

Davies Group exec sees Enterprise Act ‘nerves’

A top executive at outsourced claims handler Davies Group has noted widespread uncertainty among insurers ahead of the implementation of UK legislation that could penalise them for the late payment of claimsRead more

Solvency IIAll Articles
All the latest news and analysis

Enstar strikes £957mn RSA legacy deal

Bermudian carrier Enstar has triumphed over competitors to strike a deal with RSA to reinsure a legacy UK employers' liability book with gross reserves of £957mn ($1.2bn).Read more

In-depth coverage of the run-off sector

Enstar continues legacy push with $1.2bn RSA deal

Enstar has agreed yet another $1bn+ legacy deal as it continues a multi-billion dollar acquisition drive that has spanned more than 12 monthsRead more

Inside FACAll Articles
Full coverage of the facultative reinsurance market

Neon confirms Pritchard hire

Neon today confirmed the appointment of Nick Pritchard as head of property reinsurance, as first reported by sister publication Trading Risk in September last yearRead more

Insider Comment

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Over to Bruce

The difference between the functions of the chairman of Lloyd's and his or her powers are quintessentially British in their ambiguityRead more

Research & Supplements

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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

Cyber rankings

Cyber Rankings 2016

The Insurance Insider Cyber Rankings survey 2016 is the most comprehensive independent survey of London cyber brokers and underwriters ever conductedRead more

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