Insight and Intelligence on the London & International Insurance Markets

21 August 2014

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Allied World promotes Bender to reinsurance CEO role

International (re)insurer Allied World has announced that John Bender has been appointed CEO for the group's global reinsurance operationsRead more


AmTrust shares hit after private foundations warning

AmTrust shares fell by 4.6 percent yesterday (19 August) following an investigative report suggesting that a 16 percent block of stock held in non-profit foundations could be forcibly sold to comply with US tax rulesRead more


Ecclesiastical turns first underwriting profit since 2009

Specialist insurance group Ecclesiastical reported an underwriting profit for the first time since 2009 due to a more stringent business strategy, the company announced today (20 August)Read more


QBE confirms it faces class action investigation

Australia-listed insurance giant QBE has confirmed that it is the subject of a shareholder class action investigation over allegations that it misled the market ahead of its 9 December 2013 profit warningRead more


QBE completes A$650mn institutional share placement

Australian carrier QBE has successfully raised A$650mn ($600mn) through the distribution of 64.4 million ordinary shares at A$10.10 to institutional investorsRead more


Expanding HIIG hires AIG global offshore energy head

Houston International Insurance Group (HIIG) has confirmed this morning (20 August) a hiring coup with the appointment of former AIG global head of offshore energy, Susan SwailsRead more


News analysis

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Man-made losses hit global reinsurers

Although natural catastrophe losses remained relatively low, a spate of man-made claims blemished the underwriting performance of a handful of major reinsurers during the second quarter of 2014Read more

Bermudians grow in Q2, but property cat pressures loom

Top-line growth accelerated for Bermudian carriers during the second quarter, as cheap retrocession and a continued propensity for insurance growth counteracted tough market conditions in reinsuranceRead more


Aviation market resilience tested to the limit: JLT

Leading aviation broking house JLT has warned that while underwriters remain confident about the inherent safety of airlines, another major claim on top of recent losses could cause "extreme market reactions"Read more


Chaucer 1176 leads improved 2012 YoA forecast

Non-aligned Lloyd's syndicates reported an improved aggregate forecast for the 2012 year of account, according to updated results from Lloyd's members' agent ArgentaRead more

US commercial P&C rates now falling, says CIAB

Yet more evidence of growing price pressure in the world's largest insurance marketRead more

More coverage

Mergers & Acquisitions

Compre completes HIR acquisition

Legacy and services specialist Compre has completed its acquisition of Hamburger Internationale (HIR) from troubled insurance services provider and acquisition firm Tawa, the firm confirmed today (20 August)Read more

Trading RiskAll Articles
The reinsurance convergence market uncovered

RMS(one) platform launch delayed

The new RMS(one) platform is now running a year behind schedule and is not expected to launch before 2015. Read more

Loss fileAll Articles
Major losses and claims tracked

UK biomass plant loss spikes to $230mn

A mechanical failure and fire at a UK biomass plant in February is set to cost the insurance market $230mn, up from the initial estimate of $12mn, sister publication Inside FAC has revealed.Read more

The latest on litigation and legal developments

QBE confirms it faces class action investigation

Australia-listed insurance giant QBE has confirmed that it is the subject of a shareholder class action investigation over allegations that it misled the market ahead of its 9 December 2013 profit warningRead more

BriefingsAll Articles
Mapping the regulatory and legislative landscape

Lack of support delays smaller UK solicitors’ PI limits

Plans to reduce the minimum level of mandatory professional indemnity insurance (PI) for UK lawyers have been postponed after failing to gain approval, the Solicitors Regulation Authority (SRA) announced today (19 August)Read more

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

Solvency II to ensure consumers come first: Bernardino

The EU's Solvency II capital regime will ensure insurance executives put consumers first, according to Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority (Eiopa)Read more

In-depth coverage of the run-off sector

Compre completes HIR acquisition

Legacy and services specialist Compre has completed its acquisition of Hamburger Internationale (HIR) from troubled insurance services provider and acquisition firm Tawa, the firm confirmed today (20 August)Read more

Inside FACAll Articles
Full coverage of the facultative reinsurance market

Downstream energy market faces c.$150mn PTT loss

Downstream energy underwriters could face a $60mn-$240mn loss after a fire and explosion at a petrochemical plant operated by Thai refiner IRPC, sister title Inside FAC reported last week.Read more

Insider Comment

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Unseasonal chills

What was that noise? You may not have heard anything, but it might just have been the sound of the IPO window being shut againRead more

Scriven Profile

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David Lockton

Lockton Companies chairman David Lockton is our August 2014 profileRead more

Research & Supplements

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IRLA roundtable 2014

IRLA Roundtable 2014

In May, key players in the legacy market prised themselves from their desks in London, the US and across mainland Europe and headed to the rain-battered promenades of Brighton for the annual IRLA CongressRead more


London Reinsurance Roundtable

London Reinsurance Roundtable 2013/14

The Insurance Insider's London Reinsurance Roundtable generated a broad consensus that Africa's emerging market holds exciting potential for global reinsurersRead more

Legacy 2014

Legacy 2014

The story of the legacy sector is about two households dividedRead more


Bermuda Roundtable 2013 14

Bermuda Roundtable 2013/14

On the face of it, Bermuda's established cadre of (re)insurers might be forgiven for looking back on 2013 as a golden yearRead more

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