June 2015/4
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IAG expects to reduce its open market reinsurance spend by 20 percent to accommodate its new strategic partnership with Berkshire Hathaway, according to CFO Nick Hawkins
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Share price data on The Insurance Insider's universe of P&C (re)insurers
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P&C (re)insurance share prices were almost flat last week as our Insider 30 index nudged up by just 0.17 percent.
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A Senate Banking Committee investigation into allegations that some Superstorm Sandy claims were handled fraudulently has found no evidence of "systematic incentives" for insurers to underpay flood victims.
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The current regulatory regime in London is making the city "less competitive today than it ever has been" said Kean Driscoll, CEO of Validus Re, last week.
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The FBI is prosecuting a former QBE executive over allegations that he embezzled around $2.6mn from the Australian insurer.
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Trust Risk Group, AmTrust's former Italian medical malpractice broker, is suing the insurance giant for EUR1.2bn ($1.4bn) in a Milan court after a $500mn distribution agreement went sour.
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Berkshire Hathaway's National Indemnity Company (Nico) reported a 404.7 percent spike in net written premium (NWP) during 2014, according to the Reinsurance Association of America (RAA)'s reinsurance underwriting review.
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European insurance companies will continue to take advantage of low interest rates and high investor demand by issuing debt in 2016, according to a report from AM Best.
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Exor has described the assumptions underpinning the combined Axis/PartnerRe business plan as "unrealistic".
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Italian carrier Generali and Florida takeout insurer Heritage Insurance were two of the winners at the Trading Risk 2015 awards held in London last week.
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A trio of collateralised reinsurance writers took a $156mn share of the $1bn Florida Hurricane Catastrophe Fund (FHCF) placement.
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Credit Suisse Asset Management's Niklaus Hilti said that rates on the insurance-linked securities (ILS) market moving into "quite stable ground" provides a good indication of the reinsurance market's likely direction.
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Richard Brindle will not look to establish a platform to underwrite on behalf of third-party capital until market conditions improve, the entrepreneur told The Insurance Insider, as start-up Fidelis started writing on its own balance sheet.
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A report by research, risk and asset management company Conning has found that US managing general agent (MGA)-sourced premium exceeded $33bn in 2014.
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Few joins Amlin; Hiscox appoints Worth; Hannebert quits CCR; New Zealand floods; Markel appoints; Endeavour team joins Ropner; Allstate cat losses; Axis bid doubtful; IGI UK hires Curtis as CFO; Willis cyber reboot; Besso dual promotion; Creasy joins Charles Taylor; R&Q modest loss; RenRe the largest FHCF reinsurer; Political risk capacity $2.4bn; Tech threat: Duperreault; Beale defends broker model; Rowan's return; Bill causes death; Channel hires; ‘Controlled softening' due:
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Berkshire Hathaway's approach to accessing premiums in the reinsurance and global specialty insurance space has changed meaningfully over the last few years
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Panama-domiciled reinsurer Barents Re is looking to establish a European risk carrier with up to $200mn of start-up capital, The Insurance Insider understands.
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The ousting of long-time Cooper Gay Swett & Crawford CEO Toby Esser leaves Lightyear Capital with essentially the same dilemma that it has faced for the last year
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Private equity house Cinven has hired Evercore to handle the divestiture of its closed UK life insurer Guardian Financial Services, The Insurance Insider has learned.
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Less than a year after leaving Aspen, where he was CEO of reinsurance, James Few is set to resurface as global managing director of Amlin's reinsurance division.
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Back in January 2008, when the global financial crisis was still a containable blow-up at a few overleveraged hedge funds and an esoteric accounting debate about AIG's super senior credit CDS portfolio, the world was stunned by a five-year 20 percent quota share of Swiss Re by Berkshire Hathaway.
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Integro is working with Evercore as it looks to recapitalise and provide exits for a number of its founding investors, The Insurance Insider can reveal.