December 2017/1

Tangible evidence of downward pressure on ceding commissions is emerging in the US casualty and professional liability reinsurance market, following the placement of a number of deals leading up to the key 1 January renewals

Following any major loss event, the great debate always recurs: how interconnected is the global insurance industry?

FM Global has told its reinsurers that it does not expect Hurricane Maria claims in Puerto Rico to attach its main property cat excess-of-loss programme, The Insurance Insider can reveal.

Axis Capital has started to look for a renewal rights deal for Steve Saunders' international downstream energy book that could also see the team move to a rival, The Insurance Insider understands.

Berkshire Hathaway has the largest exposure on Pacific Gas and Electric's $850mn general liability programme, which could be significantly eroded by the Californian wildfires, The Insurance Insider can reveal.

The prospect of Pacific Gas and Electric burning through an estimated $850mn of liability cover will only add momentum to underwriters' push for 2018 rate hikes across the US casualty market.

Underwriters face the prospect of mounting data protection-related liability claims following a landmark UK High Court judgment against Morrisons, experts have said.

The liability exposure from data breaches and cyber attacks is growing ever more apparent: but don't be fooled into thinking this is just an issue for the cyber (re)insurance market.

Markel's managing director of reinsurance Robert Blazer is leaving the specialty carrier, The Insurance Insider can reveal.

The soft market for upstream energy is over.

USAA has retained half the principal of its $80mn Residential Re 2013-2 class 1 cat bond and extended the risk period beyond a 6 December maturity date ahead of a possible California wildfire claim.

A parliamentary committee has passed risk transformation regulations that will allow for an ILS regime in the UK.