ILS

Proposed $750mn start-up Golub Capital Re (GCR) will look to build a book with a strong focus on US casualty as it targets a gradual premium build-up of lower volatility business, The Insurance Insider can reveal

Floridian insurer Universal Property & Casualty has cut back its quota share arrangement with Odyssey Re and seen Everest Re removed from the treaty altogether as it cut spending on its core catastrophe reinsurance programme by 20 percent for 2014-2015

Bermudian reinsurers ceded a significantly higher proportion of their business to retro writers in the first quarter of 2014, thereby taking advantage of falling rates, an analysis of their recent results shows

Proposed Bermudian start-up reinsurer Golub Capital Re has engaged Travelers as a potential strategic partner as it continues on its path toward a targeted launch this summer, The Insurance Insider can reveal.

Pure underwriting capacity is increasingly a commodity, according to AIG property and casualty CEO Peter Hancock

Property cat reinsurance rates in the Sunshine State fell sharply at the 1 June renewal, with broader coverage as competition intensified. IQ investigates

Hedge fund-backed reinsurers are increasing in popularity once more, as the pioneers continue to make good on the hybrid model

With opportunities to deploy capital becoming constrained by current market conditions, (re)insurers turned to capital repatriation in Q1 2014 in an effort to maintain shareholder value and reduce excess capital positions.

The (re)insurers of the Costa Concordia are awaiting loss advice showing a further deterioration on a total claims burden that already stands at more than $1.6bn, after the removal of the wreck was once again delayed.

ISS Proxy Advisory Services raised "significant concerns" over Endurance chairman and CEO John Charman's executive remuneration in a report before the 21 May shareholders' meeting that voted against executive pay packages at the Bermudian.

Leading cat underwriter RenaissanceRe has stopped actively pursuing the placement of its major $275mn Floridian retrocession deal, The Insurance Insider understands.

Cat bond lite; Kemper loss; Towergate Q1 loss increase; Reinsurer ratings under pressure: S&P; Canadian hire; Markel appoints; AmTrust affirmed; Vietnam riots; Hiscox Re promotes; Fraud up; Guy Carp hires; Atrium recruits; Canopius hires; SSIC deal doubt; AIG outlook; market forces; Aon Benfield appoints; MSIG confirms; AJG acquires; Willis buys; Xuber launch