Insight and Intelligence on the London & International Insurance Markets

21 January 2017

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AIG strikes $34bn legacy deal with Berkshire Hathaway

AIG has agreed the biggest legacy deal in the history of the P&C insurance market, with Berkshire Hathaway set to take on 80 percent of the risk on $34bn of the insurer's US commercial reservesRead more

Market reaction to AIG-Berkshire deal muted

The share prices of AIG and Berkshire Hathaway made modest advances following the vast $34bn legacy deal announced by the two companies ahead of market openingRead more

T Rowe Price reveals $100mn insurance claim

Listed US investment firm T Rowe Price is set to receive $100mn from insurers after a technical blunder reportedly cost the company’s shareholders twice that sumRead more

Neon cyber unit Tarian opens with £15mn line

Neon-owned cyber venture Tarian has launched with a line size of £15mn ($18mn), The Insurance Insider understandsRead more

Guy Carp takes quartet of brokers from Willis Re

A slew of senior Willis Re brokers based in Texas and Florida have defected to Guy Carpenter, The Insurance Insider can revealRead more

President Trump blocks FHA mortgage insurance rate cut

President Donald Trump’s newly installed administration moved swiftly to pre-empt a planned rollback in mortgage insurance rates on Federal Housing Administration home loans just hours after the New York billionaire was sworn inRead more

News analysis

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Reinsurance pricing approaches bottom: analysts

Reinsurers' struggle for better prices continued through the 1 January 2017 renewals, as P&C analysts expected rates to improve year-on-year but still remain in negative territoryRead more

Low cats suggest solid Q4 earnings season

P&C (re)insurers are expected to deliver fourth quarter earnings in line with analyst expectations after catastrophe losses remained moderate during the periodRead more

US contemplates alternatives to fund terror risk cover

The US Government Accounting Office (GAO) has provided lawmakers with a detailed examination of two ways in which insurers might be required or at least encouraged to finance the federal Terrorism Risk Insurance Act (Tria)Read more

Premia Re primed for US run-off explosion

The launch of a $510mn Kelso-backed Bermudian run-off vehicle by Bill O'Farrell and Arch comes at a time of potentially significant new opportunities in the US legacy sectorRead more

P&C insurance stocks outperform the market in 2016

The Insider 50 was up by 9.7 percent on average in 2016 to beat both the S&P 500, which closed up 9.5 percent, and the Euro Stoxx 600, which ended the year down 1.2 percentRead more

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Mergers & Acquisitions

Aon unit sale may lead to other deals: analysts

Aon's reported plan to sell its benefits consulting business for about $4.5bn suggests it doesn't expect to gain a competitive advantage in the sector and that it may use some of the funds for smaller takeovers, analysts noted.Read more

Trading RiskAll Articles
The reinsurance convergence market uncovered

Markel Catco’s 2016 returns dented by four loss events

Markel Catco's Reinsurance Opportunities Fund reported annual returns for ordinary shareholders of 8.12 percent in 2016, down from an 11.6 percent gain in 2015, following a series of major loss eventsRead more

Loss fileAll Articles
Major losses and claims tracked

Tennessee wildfire losses exceed $800mn

Insurance claims from the Sevier County, Tennessee wildfires in November have reached $842mn, according to the Tennessee Department of Commerce and Insurance (TDCI)Read more

The latest on litigation and legal developments

Energy market prepares for $470mn Noreco fight

The upstream energy market has appealed to overturn a judgment that would force it to pay a claim worth $470mn that sources indicated was reserved until the fourth quarter in the low tens of millionsRead more

BriefingsAll Articles
Mapping the regulatory and legislative landscape

UK insurers can withstand Brexit pressure: AM Best

AM Best does not anticipate any rating actions for UK insurers due to Brexit despite the expected impact of loss of access to EU business and economic challenges in the country.Read more

Solvency IIAll Articles
All the latest news and analysis

US-EU talks yield covered agreement for insurers

US and European negotiators have reached a covered agreement to harmonise regulation of insurers and reinsurers and remove barriers to transatlantic business.Read more

In-depth coverage of the run-off sector

AIG strikes $34bn legacy deal with Berkshire Hathaway

AIG has agreed the biggest legacy deal in the history of the P&C insurance market, with Berkshire Hathaway set to take on 80 percent of the risk on $34bn of the insurer's US commercial reservesRead more

Inside FACAll Articles
Full coverage of the facultative reinsurance market

Berkshire Hathaway launches P&C fac unit

Berkshire Hathaway Reinsurance Group has set up a new P&C facultative unit led by a former Swiss Re executive, sister publication Inside FAC has reportedRead more

Insider Comment

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The broking Jengameisters

The popular block-balancing game Jenga is a great way of instilling an understanding of risk management in young and old alikeRead more

Research & Supplements

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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

PCI 2016 Day 3

PCI Newsletter 2016 Day 3

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

Honours 2016 post-event supplement

Honours 2016 Post-Event Supplement

Welcome to our post-event supplement for the fifth Insurance Insider Honours, which took place on the 8 September 2016Read more

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