Insight and Intelligence on the London & International Insurance Markets

18 March 2018

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GC Securities banker joins InsurTech Flock

Drone insurer Flock Cover has recruited John Rowlands from Guy Carpenter's InsurTech advisory team as its insurance lead, The Insurance Insider can revealRead more

AmTrust swings to $335mn net loss

US carrier AmTrust has said it has swung to a net loss of $334.9mn for the 2017 financial year as the company prepares to go privateRead more

Munich Re to lay off 900 jobs in reinsurance restructure

Munich Re is planning to cut 900 jobs by 2020 as part of a restructure of its traditional reinsurance business which will generate around EUR200mn ($247mn) of pre-tax gross savingsRead more

Insolvent Access ordered into receivership in Texas

Access Insurance was ordered into liquidation this week in Texas, with the non-standard auto carrier declared insolvent, The Insurance Insider has learnedRead more

Alliant adds Calpin-Dewey to energy and marine group

Rose Calpin-Dewey has joined Alliant Insurance Services’ energy and marine group as first vice president, the specialty broker saidRead more

QBE US unit slapped with $750,000 fine in New York

A US unit of global insurer QBE must pay a $750,000 fine to New York State after regulators said the carrier failed to follow rules covering certain types of group policies it sold to dozens of post-secondary schoolsRead more

News analysis

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P&C carriers return less capital in 2017

Capital management trends at the US-listed companies we follow were disrupted in 2017 by higher catastrophe losses and M&A activityRead more

Insurance M&A momentum set to continue: Clyde & Co

US tax reforms will spur M&A transactions in the US and Bermuda this year, while Brexit malaise could benefit Asian deal-making, according to lawyers at Clyde & CoRead more

P&I rates fall by 2%-5% at renewals

Shipowners with loss-free accounts have received low-single-digit rate decreases on protection and indemnity cover at general renewals for the 2018/19 policy yearRead more

PartnerRe continues quest to be pure-play reinsurer

PartnerRe's transfer of its upstream energy insurance portfolio to Ark Syndicate Management continues a strategic refocus on reinsurance that the Bermuda-based company embarked upon after being acquired two years agoRead more

Cats weigh on London carriers’ underwriting results

The Insurance Insider's group of London-listed carriers - Beazley, Hiscox and Lancashire - all posted worse underwriting margins for 2017 due to the year's catastrophe eventsRead more

More coverage

Mergers & Acquisitions

AJ Gallagher's M&A spending could reach $1bn in 2018

Acquisitive broker AJ Gallagher could spend as much as $1bn this year on buying smaller agencies, and already has as much as $400mn on hand to finance deals, company executives said yesterday.Read more

Trading RiskAll Articles
The reinsurance convergence market uncovered

Markel Catco’s side pockets bulge after 2017 losses

Markel Catco's London-listed Reinsurance Opportunities Fund had to put two-thirds of its year-end 2017 asset base into side pockets, much higher than the typical 5-15 percent that it puts on hold each year, sister publication Trading Risk reported. Read more

Loss fileAll Articles
Major losses and claims tracked

AGCS leads $44mn Mexican helicopter claim

Allianz Global Corporate & Specialty is the lead insurer on a Mexican helicopter loss that is set to cost the aviation market up to $44mn, The Insurance Insider can reveal.Read more

The latest on litigation and legal developments

Calamos executives sue Exin founder in Dutch court

Calamos Family Partners executives John Calamos and John Koudounis have filed a lawsuit against Exin founder Matt Fairfield in the Netherlands in their latest bid to recover more than $41mn in loans from the start-up, according to a report by Greek newspaper Kathimerini.Read more

BriefingsAll Articles
Mapping the regulatory and legislative landscape

European insurers face consent requirement ‘patchwork’ under GDPR

Insurers are hoping that the pan-European data protection advisory body will intervene to safeguard the sector's ability to handle sensitive consumer data across the bloc after the General Data Protection Regulation takes effect.Read more

Solvency IIAll Articles
All the latest news and analysis

PRA's Woods pushes back on Solvency II overhaul demands

The debate about Solvency II reforms has lost sight of the policyholder, the Prudential Regulation Authority's Sam Woods told delegates at the Association of British Insurers' annual conference today.Read more

In-depth coverage of the run-off sector

Generali made EUR196mn profit from Compre run-off deal

Generali booked a one-off profit of EUR196mn ($243mn) from the sale of its old London market run-off book, according to its full-year 2017 financial disclosures. Read more

Inside FACAll Articles
Full coverage of the facultative reinsurance market

Opinion: Markel's D&F decision

London open market property players may be surprised at Markel's decision to pull out of the sector, but maybe not that surprised.Read more

Insider Comment

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Don't stay for pudding

I read two great articles in the last week. Both were pieces of analysisRead more

Research & Supplements

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Bermuda RT 2017-18

Bermuda Roundtable Winter 2017/18

The reinsurance migration calendar doesn't usually bring me to Bermuda in DecemberRead more

SIRC 2017

SIRC 2017

There are complex dynamics around the regulation of reinsurance in emerging markets, including much of AsiaRead more

Bermuda RT October 2017

Bermuda Roundtable Autumn 2017

Bermuda is blessed with some of the best restaurants I've ever had the pleasure to attend, and seafood features heavilyRead more

BB 2017 Day 2

Baden-Baden 2017 Day 2

Welcome to the second of our daily editions from the 2017 Baden-Baden Reinsurance SymposiumRead more

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