Insight and Intelligence on the London & International Insurance Markets

23 June 2017

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R&Q sells managing agency to Coverys

US medical malpractice specialist insurer Coverys has struck a deal to acquire Randall & Quilter's (R&Q) Lloyd's managing agency for $22.6mn, the London-listed business said todayRead more

Aston Scott in advanced talks to buy Lark

Aston Scott, the broker consolidator led by erstwhile Oval CEO Peter Blanc, has been awarded exclusivity in the sale process for Hiscox-backed broker Lark, The Insurance Insider can revealRead more

Aon Benfield names Marcell president

Aon has appointed Andy Marcell president of reinsurance division Aon Benfield with immediate effectRead more

China scrutiny focuses on Anbang and Fosun

China-based insurers Anbang and Fosun have come under investigation by regulators examining the financing for billions of dollars in overseas deals involving high-profile assets such as the Waldorf Astoria Hotel in New York and the Cirque du Soleil theatre troupe, the Financial Times saidRead more

Vitruvian completes CFC buy-in

Private equity house Vitruvian has completed its 40 percent buy-in with CFC, The Insurance Insider understandsRead more

US cyber premiums rise 35% to $1.34bn: AM Best

Total direct written premium in the cyber line of business written by US companies climbed almost 35 percent to $1.34bn last year, according to data from AM BestRead more

News analysis

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Surplus lines lead performance at Starr subsidiaries

Insurance and reinsurance companies under the ownership of Starr International Company Incorporated (SICO) have recorded a healthy underwriting performance in recent calendar years, led by its North American surplus lines unitRead more

Experience and risk management key in Florida: Kroll

While a soft reinsurance market is positively impacting the Florida homeowners' space, experienced leadership and risk management will be key differentiators as carriers navigate deteriorating underwriting conditions, according to Kroll Bond Rating Agency (KBRA)Read more

(Re)insurance executives sell over $30mn of stock in H1 2017

Top executives of high-profile P&C (re)insurers have sold about $31.8mn worth of stock in their respective companies to date this year, amid management changes and mixed share price performancesRead more

Novae continues overhaul as US cat book heads to Fidelis

Novae CEO Matthew Fosh has exited yet another line of business in the form of US property cat as he continues to reposition the London-listed firm in an effort to restore investor confidence following a succession of misstepsRead more

P&C carriers return less capital in Q1

Capital repatriation slowed down in the first quarter compared to the same period of last year for most P&C (re)insurers in our coverage universe, with share repurchases proving unattractive as operating earnings subsidedRead more

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Mergers & Acquisitions

Aston Scott in advanced talks to buy Lark

Aston Scott, the broker consolidator led by erstwhile Oval CEO Peter Blanc, has been awarded exclusivity in the sale process for Hiscox-backed broker Lark, The Insurance Insider can revealRead more

Trading RiskAll Articles
The reinsurance convergence market uncovered

Leadenhall invests in start-up as AuM hit $4.2bn

Leadenhall Capital Partners announced its assets under management (AuM) had grown by more than $800mn in the past half-year to reach $4.2bn by 1 June as the company was named as an investor in start-up Gryphon Group Holdings. Read more

Loss fileAll Articles
Major losses and claims tracked

Kaikoura quake claims double

Insurance claims from the Kaikōura earthquake that struck New Zealand last November have doubled to NZ$1.84bn ($1.33bn), according to the Insurance Council of New Zealand (ICNZ). Read more

The latest on litigation and legal developments

$300mn workers' comp scheme laid bare in California

A massive workers’ compensation fraud ring included 10 Los Angeles lawyers who collaborated with a pair of business owners to recruit thousands of mainly Spanish-speaking immigrants to make bogus injury claims which may have totalled more than $300mn, authorities said yesterdayRead more

BriefingsAll Articles
Mapping the regulatory and legislative landscape

Beazley Irish insurance application ‘well advanced’

Beazley is nearing the end of the application process to create an insurance subsidiary in Dublin, and expects to share news on its Brexit contingency planning next monthRead 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

Zurich in $300mn Australian legacy motor disposal

Zurich is bringing an Australian motor liability legacy book to market as the global carrier continues to clean up its back books, The Insurance Insider understands. Read more

Inside FACAll Articles
Full coverage of the facultative reinsurance market

Protector Forsikring is insurer for Grenfell Tower

Norwegian insurer Protector Forsikring ASA is the insurer of the Grenfell Tower in west London that was devastated by a fire overnight, according to reportsRead more

Insider Comment

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Bathroom sockets and other BS

"Why are there no electric sockets in UK bathrooms?"Read 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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