Insight and Intelligence on the London & International Insurance Markets

30 August 2016

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Charles Taylor profits up 6% in H1

Insurance services firm Charles Taylor grew its profits before tax by 4.2 percent year-on-year to £6mn ($7.8mn) in the first half of 2016Read more

Qatar Re H1 profits up 79% as top line surge continues

Expansive reinsurer Qatar Re saw its net profits surge 79 percent to $23.9mn in the first half of the year, primarily driven by a 48 percent increase in net investment income to $17mnRead more

Insurers can ‘break free’ from market challenges: Willis

Difficult insurance market conditions are no excuse for poor performance from UK carriers, according to a Willis Towers Watson study released todayRead more

Integro agrees LatAm wholesale reinsurance deal

International broker Integro has agreed a deal with Latin American intermediary HR Latinoamerica Ltda Corredores de Reaseguros (HRL) to serve as its exclusive London wholesale reinsurance trading partnerRead more

IGI underwriting profits rise 39% in H1

Dubai-based carrier International General Insurance Holdings (IGI) reported strong net underwriting profits for the first half of 2016, with the total rising 39 percent year-on-year to $28.4mnRead more

Italian quake insured losses limited to EUR200mn: Fitch

(Re)insurers are likely to face losses of between EUR100mn-EUR200mn ($113mn-$226mn) from the earthquakes which struck central Italy earlier this week, according to FitchRead more

News analysis

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Arch breaks the mould with UGC deal

Arch's $3.4bn takeover of mortgage insurer United Guaranty Corporation (UGC) is a transformative deal that will create a Bermudian (re)insurer like no otherRead more

AIG ticks off UGC but long road ahead

In divesting United Guaranty Corporation (UGC) AIG is executing its game plan but it is still far from achieving its end goalRead more

Goldman Sachs brings Enstar stake to market 5 years on

Financial and strategic buyers have a rare opportunity to pick up meaningful exposure to the heavyweight end of the run-off market after Goldman Sachs' private equity arm signalled that it wanted to sell its stake in EnstarRead more

Global reinsurance GWP falls in Q2

Average gross written premium (GWP) at reinsurers in The Insurance Insider's global composite shrank by 3.8 percent year-on-year in the second quarterRead more

Lloyd’s carriers’ returns nearly double in H1 2016

The listed Lloyd's carriers reported double-digit returns for the first half of 2016, surpassing their 2015 performance as investment returns recoveredRead more

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Mergers & Acquisitions

Everest Re completes $49mn Heartland sale

Bermudian reinsurer Everest Re has closed the sale of its US crop managing general agent Heartland Crop Insurance to CGB Diversified Services for $49mn, the company announced today.Read more

Trading RiskAll Articles
The reinsurance convergence market uncovered

Italian quake highlights underinsurance

Insured losses from the magnitude 6.2 earthquake that struck central Italy in the early hours of Wednesday morning are expected to be relatively low, according to various modelling firmsRead more

Loss fileAll Articles
Major losses and claims tracked

Italian quake insured losses limited to EUR200mn: Fitch

(Re)insurers are likely to face losses of between EUR100mn-EUR200mn ($113mn-$226mn) from the earthquakes which struck central Italy earlier this week, according to Fitch.Read more

The latest on litigation and legal developments

Former Willis director sentenced over $2mn fraud

Former Willis Towers Watson executive director Simon Higginson has been sentenced to five years imprisonment over a conspiracy to defraud the broker of over $2.3mn.Read more

BriefingsAll Articles
Mapping the regulatory and legislative landscape

Protectionist regulation could bolster Asia reinsurance: Fitch

Incoming protectionist legislation requiring insurers to place quotas of business with local reinsurers could bolster the Asian reinsurance market, according to FitchRead more

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

PRA defers SII external audit decision

UK regulator the Prudential Regulation Authority has deferred its decision on whether carriers can use external auditors to assess their Solvency II capital disclosures, it announced today (4 July)Read more

In-depth coverage of the run-off sector

Goldman Sachs puts $600mn Enstar stake up for sale

Goldman Sachs’ private equity arm has started to approach potential acquirers of its significant minority stake in New York-listed legacy-to-live carrier Enstar, The Insurance Insider can reveal.Read more

Inside FACAll Articles
Full coverage of the facultative reinsurance market

Marsh Echo facility gains market support

Marsh Finpro has received widespread support from London management liability writers for its latest facility in a clear demonstration of the continuing dominance of broker-led offerings, sister title Inside FAC revealed earlier this month.Read more

Insider Comment

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Just do it

Insurance is a simple business. You take in premiums and invest them. Out of this you pay wages, office costs, brokerage and losses. The money you get from the former needs to comfortably exceed the latter - that being the case you get to pay the taxman and then your shareholdersRead more

Research & Supplements

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Bermuda Summer Roundtable 2016

The Insurance Insider Bermuda Roundtable 2016

It's not all doom and gloom. The mid-year renewals weren't that bad after allRead more

Legacy 2016

Legacy 2016

It's not often that the glitz of the film industry crosses with the glamour of the legacy marketRead more

Miami RT cover

Miami Roundtable 2016

It's a great privilege to have a ringside seat when something exciting is happening in the industryRead more

Insider MC RT 2015

Monte Carlo Roundtable 2015

I love the Monte Carlo Rendez-Vous! In many ways The Insurance Insider Roundtable has become the definitive event of the gatheringRead more

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