December 2014/4

Capsicum Re has won the major UK motor treaty accounts of Hastings Direct and eSure, The Insurance Insider has learned.

Platinum received an $82 per share offer for the company in June before the unknown bidder backed off amid concerns about a potential regulatory crackdown on offshore insurers. Normal 0 false

Proposed start-up Pine River Re has been disbanded after the hedge fund reinsurer failed to secure the A- rating it was seeking from AM Best, The Insurance Insider revealed last week.

US managing general agency V3 Insurance Partners has secured capacity from Berkshire Hathaway for its web-based workers' compensation programme that will allow it to significantly expand in 2015.

All-risk aviation reinsurers are renewing most treaties flat or with low single-digit rate increases, despite taking losses in 2014, The Insurance Insider understands.

Marine treaty rates look set to drop at speeds in line with the property cat reinsurance market at 1 January despite more than $300mn of deterioration on the Costa Concordia loss, The Insurance Insider understands.

Australasian cedant IAG looks set to secure a meaningful rate reduction on its gargantuan catastrophe treaty despite a big deterioration on its losses from the New Zealand earthquakes of 2010/11, The Insurance Insider can reveal.

Ceding commissions on pro-rata US casualty reinsurance will continue to rise in the January renewals, but the rate is slowing from last year, The Insurance Insider understands.

But bonfire of terms and conditions fails to materialise as underwriters show resolve

Expansive broker and risk manager Integro has completed its second acquisition this month with a deal to buy entertainment specialist Ventura Insurance Brokerage on undisclosed terms.

Ace's senior casualty underwriter Clive Archer has joined live Lloyd's start-up Vibe Syndicate 5678, The Insurance Insider has learned.

Peak Re affirmed; Talanx in Chile acquisition; Xchanging completes; Ace acquires; Aegis stops writing; Farmers Mutual buys; Capita wins Flood Re tender; Skuld endures claims; PPL verdict in New Year; HIIG promotes Way; Progressive is ‘defensive'; Latin American D&F; JLT places lagoon cover; PL renewal rights; RLI adds Scanlan; Catlin induction; Extreme mortality cover; GCube deal