Insight and Intelligence on the London & International Insurance Markets

28 April 2015

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ANV at crossroads as firms circle post Fairfield exit

Canadian firm Ontario Teachers' Pension Plan is faced with a dilemma about the future of ANV following the departure of founding CEO Matt Fairfield, as it weighs interest from would-be acquirers against the value it might create by continuing with a version of the strategy that informed its original investmentRead more


Lloyd’s launches five-year modernisation plan

Lloyd's has unveiled a five-year plan that aims to spearhead London market modernisation, eliminate inefficiencies and introduce shared central services, The Insurance Insider can revealRead more


Pemex loss range set at $670mn-$780mn

Mexican state oil company Pemex has told its insurers that the ground-up loss from a recent explosion at one of its complexes is likely to cost $670mn-$780mn, The Insurance Insider can revealRead more


Revenue sharing increases in ultra-competitive reinsurance broking sector

Reinsurance buyers are increasingly benefiting from so-called revenue sharing agreements (RSAs) with the brokers that place their programmes, The Insurance Insider understandsRead more


American Financial beats and highlights excess capital position

American Financial Group (AFG) reported first quarter core net operating profits of $112mn or $1.25 a share that were up from the $91mn or $1.00 a share reported in the prior-year period and ahead of Wall Street consensus forecasts of $1.12 a shareRead more


Commercial rate increases at 3% in Q1: The Hartford

The Hartford said rate rises on its standard commercial book of business were 3 percent in the first quarter, maintaining the level of increase it reported in Q4 2014Read more


News analysis

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US commercial insurance softening accelerates: CIAB

The US commercial P&C insurance market continued to soften during the first quarter of 2015 as pricing across all account sizes fell by 2.3 percent on average, the latest Council of Insurance Agents and Brokers (CIAB) survey has revealedRead more

US commercial pricing moderation ‘according to script’: Travelers

With three of the US P&C industry's bellwether carriers reporting last week, it was inevitable that pricing would again be the focus of conversation on the firms' Q1 earnings callsRead more


US carriers suffer compressed returns in Q1

Operating returns for US insurance giants Ace, Chubb and Travelers came under pressure during the first quarter of 2015 due to foreign currency headwinds, lower investment income and US winter weather lossesRead more


Market continues to wait on Axis response

The market is still waiting to see how Axis will respond to the gauntlet laid down by the Agnelli family last week when it submitted a $6.4bn all-cash counter bid for PartnerRe almost three months after the two Bermudians struck their dealRead more

P&C stocks soar in Q1

The Insider 30 index was up 6.25 percent in the first quarter of the year, marking a dramatic turnaround from the 3.09 percent fall in the same period of 2014Read more

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Mergers & Acquisitions

ANV at crossroads as firms circle post Fairfield exit

Canadian firm Ontario Teachers' Pension Plan is faced with a dilemma about the future of ANV following the departure of founding CEO Matt Fairfield, as it weighs interest from would-be acquirers against the value it might create by continuing with a version of the strategy that informed its original investment.Read more

Trading RiskAll Articles
The reinsurance convergence market uncovered

Northeastern cat bonds emerge on ILS market

Travelers has returned to the insurance-linked securities (ILS) market with a new $200mn Long Point Re III cat bond, sister publication Trading Risk reported last week.Read more

Loss fileAll Articles
Major losses and claims tracked

Pemex loss range set at $670mn-$780mn

Mexican state oil company Pemex has told its insurers that the ground-up loss from a recent explosion at one of its complexes is likely to cost $670mn-$780mn, The Insurance Insider can reveal.Read more

The latest on litigation and legal developments

Closing arguments heard in AIG bailout suit

Closing arguments have been heard in the trial brought by former American International Group (AIG) CEO Maurice "Hank" Greenberg against the US government, which he claims cheated shareholders out of $40bn in a distressed bailout.Read more

BriefingsAll Articles
Mapping the regulatory and legislative landscape

Cyber sharing bill should be just the beginning, say experts

The passage of a US bill that extends liability protection for companies prepared to share information about cyber attacks should be replicated globally, according to cyber insurance experts.Read more

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

Bermuda moves closer to Solvency II equivalence

The Bermuda Monetary Authority (BMA) yesterday (1 April) released a consultation paper outlining proposed changes to the island's insurance regime as part of its bid to gain Solvency II equivalence.Read more

In-depth coverage of the run-off sector

Scottish government’s asbestos proposal ‘unequitable’, says IUA

The International Underwriting Association (IUA) has criticised a Scottish government plan to recoup the cost of treating asbestos-related disease from insurers as "unequitable" and possibly illegal.Read more

Inside FACAll Articles
Full coverage of the facultative reinsurance market

Aon launches D&O facility

Global broker Aon has rolled out a new directors' and officers' (D&O) facility for the Lloyd's market, according to sister title Inside FAC.Read more

Insider Comment

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Time to bank broker profits?

In our reporting of this late-stage global soft cycle we have understandably tended to focus on the big carriers and the headline-grabbing strategic choices they are currently being forced to make, but what of the brokers?Read more

Scriven Profile

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Raja Balasuriya

Capsicum Re managing partner Raja Balasuriya is this month's profileRead more

Research & Supplements

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II Bermuda RT 2015

The Insurance Insider Bermuda Roundtable 2014/15

A visit to Bermuda in December can at times feel like an exercise in voyeurism. And in an unforgiving marketplace for reinsurers, the temptation to linger around Hamilton's bars in search of downtrodden underwriters drowning their sorrows is difficult to resistRead more


MC Reinsurance RT 2014

The Insurance Insider Monte Carlo Reinsurance Roundtable

The champagne lounge has ejected the last befuddled reinsurance broker. In short, the Monte Carlo Rendez-Vous is over and the business of talking about reinsurance business is at an end - it's time to actually start making some of those deals workRead more

Insider MC RT 2014

The Insurance Insider Monte Carlo Roundtable 2014

One of the most important qualifications for being an underwriter is an eternal sense of optimism. If insurers or reinsurers thought the worst of every risk they were offered, nothing would ever get underwrittenRead more


Fac MC RT 2014

Inside FAC Monte Carlo Roundtable 2014

As the annual mayhem of the Monte Carlo Rendez-Vous swung around this year, a selection of leaders in the facultative reinsurance market took time out of their no-doubt packed schedules to discuss how fac can survive in this rapidly softening and hugely competitive marketRead more

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