Insight and Intelligence on the London & International Insurance Markets

23 July 2014

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Ace beats on earnings as P&C top line growth continues

Ace Limited generated second quarter operating profits of $825mn or $2.42 a share, up from $790mn or $2.29 a share in the prior-year period and ahead of Wall Street analysts' consensus forecasts of $2.22 a shareRead more


Travelers shares down 4% on earnings miss and dimmed outlook

Shares in Travelers closed down almost 4 percent today (22 July) as investors punished the US insurance giant for missing earnings forecasts on Q2 catastrophe losses and industry analysts warned of dimming prospects for margin and multiple expansionRead more


Platinum: Cat prices could fall further

Platinum Underwriters CEO Michael Price said on the company's second quarter earnings call that there is still room for property cat pricing to fall, although not by the double-digit reductions that have been observed this yearRead more


Travelers loses $500mn asbestos claim case

Travelers must pay over $500mn to victims of asbestos-related diseases after losing a US federal appeals court hearing to consider a settlement first approved by a judge in 2004, according to reportsRead more


AJG buys Baker Tilly’s employee benefits business

Acquisitive broker Arthur J Gallagher has agreed a deal to buy the employee benefits solutions business of UK financial services firm Baker Tilly on undisclosed termsRead more


Travelers: Upwards rate momentum remains stable

US blue chip insurer Travelers is continuing to benefit from rate increases, albeit at a slightly lower rate, as it progresses through 2014Read more


News analysis

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London carriers to feel the heat in H1

Despite coming under pressure from various headwinds, London-listed carriers still look set to deliver a fairly solid performance for the first half of 2014 given the moderate catastrophe losses so far this year, but profits overall will likely be downRead more

Giant Liberty deal feeds Berkshire’s appetite for long-tail US liabilities

Berkshire Hathaway has continued to show a strong appetite for assuming long-tail US liabilities with the giant Liberty Mutual adverse development cover announced last week (17 July)Read more


Softening pressures weigh on Platinum in Q2

Platinum kicked off the Q2 reporting season last week, with news of continued top-line shrinkage as the Bermudian reinsurer pursued "profitability over market share" amid softening conditionsRead more


More of the same? A sneak peek at Q2

With the Q2 reporting season just under way, The Insurance Insider takes a look at what we might expectRead more

Who owns the (re)insurance industry in 2014?

The Insurance Insider's ownership survey highlights the continuing dominance of a few leading fund managers... and Berkshire HathawayRead more

More coverage

Mergers & Acquisitions

AJG buys Baker Tilly’s employee benefits business

Acquisitive broker Arthur J Gallagher has agreed a deal to buy the employee benefits solutions business of UK financial services firm Baker Tilly on undisclosed termsRead more

Trading RiskAll Articles
The reinsurance convergence market uncovered

Top 10 ILS funds add $2bn in H1

Four of the top 10 specialist insurance-linked securities (ILS) managers kept their assets under management (AuM) stable in the first half of 2014, but the group of leading capital providers still added $2bn to its circa $38bn combined asset base.Read more

Loss fileAll Articles
Major losses and claims tracked

$350mn+ Australian bushfire loss to hit liability market

Mutual insurer Aegis leads the primary layer of a general liability policy that is set to pay a record-breaking A$379mn ($355mn) loss relating to deadly bushfires that resulted in 119 deaths in 2009, The Insurance Insider can reveal.Read more

The latest on litigation and legal developments

Travelers loses $500mn asbestos claim case

Travelers must pay over $500mn to victims of asbestos-related diseases after losing a US federal appeals court hearing to consider a settlement first approved by a judge in 2004, according to reportsRead more

BriefingsAll Articles
Mapping the regulatory and legislative landscape

P&C industry welcomes Senate Tria approval

The US Senate last week (17 July) passed legislation to extend the Terrorism Risk Insurance Act (Tria) by seven years, in a move that has been widely welcomed by the P&C insurance industry.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

Giant Liberty deal feeds Berkshire’s appetite for long-tail US liabilities

Berkshire Hathaway has continued to show a strong appetite for assuming long-tail US liabilities with the giant Liberty Mutual adverse development cover announced last week (17 July).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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Surplus hope

Some markets are just made to be volatileRead more

Scriven Profile

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Peter Hancock

AIG CEO elect Peter Hancock is our July 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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