Insight and Intelligence on the London & International Insurance Markets

26 November 2014

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US property cat pressure to continue into 2015: Swiss Re

US property cat reinsurance rates are likely to remain under pressure in the 2015 renewals, according to Swiss ReRead more

Lloyd’s to launch new cyber risk code for 2015

Lloyd's will bring in a new cyber risk code from 1 January 2015 and will re-run a cyber scenario data-collection exercise, according to a market bulletin sent to managing agents today (25 November)Read more

Allianz lenient on reinsurers with modest 10% cat rate cut

Global insurance powerhouse Allianz has issued firm order terms for its EUR1.3bn "SuperCat" treaty that will see reinsurers subject to a risk-adjusted rate reduction of around 10 percent, The Insurance Insider can revealRead more

Modest multiple in RenRe Platinum deal could attract rival bids

The $1.9bn cash-and-stock deal RenaissanceRe has struck to buy fellow Bermudian Platinum leaves the door open for rival bids, according to industry analystsRead more

LeStrange joins expansive Orchid as chairman in MBO

Ken LeStrange has returned to the market as chairman of Orchid Underwriters Agency, LLC after a management buyout of the Florida-based managing general agency earlier this month backed by private equity firm Gryphon Investors, The Insurance Insider can revealRead more

Willis promotes Holliday to head of Latin America mining

Willis has promoted Tom Holliday to the role of head of mining in Latin America, the broker announced today (25 November)Read more

News analysis

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Global reinsurers float on lighter Q3 cat losses

Global reinsurers can breathe a sigh of relief at the end of this week as yet another benign North Atlantic hurricane season comes to a close, with the absence of major cat losses lifting underwriting performance in the third quarterRead more

Lloyd’s carriers beat rivals with lower expense base: EY

(Re)insurers operating on the Lloyd's platform operated with lower overheads than their rivals in 2013, according to EY's latest cost and operational benchmarking surveyRead more

Capital strength positions P&C insurers for more investment risk: Conning

A historically strong capital base has positioned the P&C insurance industry to take on additional investment risk to counter the headwinds of low interest rates and a deteriorating underwriting outlook, according to ConningRead more

Short-tail carriers reposition in Q3

Despite softening market conditions, The Insurance Insider's composite of short-tail carriers delivered top-line growth during the third quarter of 2014 as (re)insurers repositioned their books of businessRead more

Bermuda top line up as carriers reshape books

Top-line growth accelerated in the aggregate for the Data Room's composite of Bermudian carriers during the third quarter of 2014 despite the competitive marketplaceRead more

More coverage

Mergers & Acquisitions

Modest multiple in RenRe Platinum deal could attract rival bids

The $1.9bn cash-and-stock deal RenaissanceRe has struck to buy fellow Bermudian Platinum leaves the door open for rival bids, according to industry analystsRead more

Trading RiskAll Articles
The reinsurance convergence market uncovered

RenRe open to managing Platinum casualty risk on third party platforms

RenaissanceRe CEO Kevin O'Donnell has told analysts that the firm would consider managing Platinum Underwriters Holdings' casualty and specialty risk on third party platforms, but only in the long term.Read more

Loss fileAll Articles
Major losses and claims tracked

Early US winter storms threaten significant insured losses

(Re)insurers are bracing themselves for losses after wintry weather more typical of January and February engulfed much of the US last weekRead more

The latest on litigation and legal developments

Insurers pour cold water on ‘ransom loophole’ speech

Kidnap and ransom (K&R) underwriters have told this publication that proposed introduction of the Counter-Terrorism and Security Bill will have little effect on their business.Read more

BriefingsAll Articles
Mapping the regulatory and legislative landscape

UK regulators step up use of ‘shadow’ 166s

The use of "shadow" or "quasi" section 166 investigations by UK regulators is on the rise, industry sources have told The Insurance InsiderRead more

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

M&A fuelled by diversification demands

Solvency capital requirements (SCR) will force European insurers to seek out risk diversifiers and will drive forward M&A activity, according to analysts at CreditSightsRead more

In-depth coverage of the run-off sector

R&Q enters (re)insurance debt joint venture

Randall & Quilter (R&Q) has entered into a joint venture with Phoenix Asset Management Partners, the London-listed insurance services provider announcedRead more

Inside FACAll Articles
Full coverage of the facultative reinsurance market

AIG to launch new property fac facility

American International Group (AIG) is working with Aon Benfield on a net retention facultative facility across its global property book, sister publication Inside FAC reported today (10 November).Read more

Insider Comment

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Bath time is over…

One of the great complaints of investors in our sector is that we only start to act with any conviction once our default option of doing nothing ceases to be viableRead more

Scriven Profile

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Peter Garvey

November's profile is industry veteran and new Epic COO, Peter GarveyRead more

Research & Supplements

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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

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

PCI Day 3

PCI Newsletter 2014 Day 3

The last of our special newsletters from this year's PCI conferenceRead more

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