April 2016/4

While brokers and carriers at the Rims conference earlier this month talked of pressure easing on pricing in the admitted commercial property space, there is little sign of any stabilisation in the excess and surplus (E&S) sector.

Brown & Brown's wholesale brokerage platform booked solid organic growth of 3.4 percent in the first quarter as revenues climbed to $47.9mn.

US specialty insurer RLI has warned of a growing incidence of package products being sold in the excess and surplus lines (E&S) market, as competitive practices in the admitted space creep into non-admitted business.

Harrington Re will employ a multi-strategy approach to investment managed by investment sponsor Blackstone, the company said in its fundraising prospectus.

Harrington Re will source its business by writing quota shares of Axis business, third-party contracts on rated paper and shares of its underwriting sponsor's open market outwards protection, according to the vehicle's confidential marketing prospectus.

Harrington Re, the third total return reinsurance start-up to tap investors this year, is looking to become the first A- rated reinsurer since Fidelis launched last summer, The Insurance Insider understands.

Guy Carpenter's Bermuda head Tony Fox has resigned to take up a new role with Aon Benfield, The Insurance Insider can reveal.

JLT's litigation settlement with rival Willis Towers Watson over a poaching dispute is substantially higher than believed by many in the market, The Insurance Insider understands.

JLT is the new flag broker for major carrier Singapore Airlines following a request for proposal process, The Insurance Insider understands.

Insurers and reinsurers buy business all the time. Or to use the correct semantics, insurance premiums are acquired.

Marsh has launched a $50mn Bermuda casualty facility through its international wholesale placement division to write lower excess umbrella layer coverage than is typically placed on the island, The Insurance Insider can reveal.