April 2017/3

The UK Prudential Regulation Authority (PRA) has opted for depth in favour of breadth in the first general insurance stress tests since Solvency II capital requirements took effect.

Total return carrier Fidelis has withdrawn its support from Castel's political violence managing general agency (MGA), according to market sources.

Florida's state-backed insurer Citizens looks set to buy only three layers of reinsurance for its coastal account this year, purchasing little more than half the $2.46bn of limit it did in 2016, The Insurance Insider can reveal.

Journalists have a justified reputation for being thick-skinned

Shrinking demand from some of Florida's bigger cedants and model revisions could undermine reinsurers' attempts to arrest property cat rate falls at 1 June as they compete for a smaller pool of quality clients.