Issues

AIG released firm order terms to the market on Friday for a $1bn back-up catastrophe cover as it moved quickest in the scramble to secure what could be limited post-loss capacity, The Insurance Insider can reveal

Simon Gander, one of the most senior staff at Aon Benfield in London, will leave the reinsurance broker at the end of the year

The top five reinsurance writers in Florida assume 23 percent of the market's ceded premium, analysis by The Insurance Insider has shown

Former Validus CEO Conan Ward is set to join Willis Re's specialty business as the head of its US operations, The Insurance Insider can reveal.

The impact of Hurricane Harvey on the secondary cat bond market has been minimal, with no bonds triggering and only a slight dip in the Swiss Re cat bond pricing index, according to sister publication Trading Risk

Demand for industry loss warranty (ILW) cover on Hurricane Harvey has moved up to higher trigger levels as fears grow over the extent of private market flooding claims

Labelled one of the biggest US natural catastrophes in history, Harvey has so far evaded definitive damage estimates for the P&C (re)insurance industry as the event continues to unfold

Total return reinsurers reported better second quarter results than in the prior-year period, as they generated lower combined ratios and returns that were slightly ahead of analysts' forecasts.

Equity analysts last week crunched the numbers to estimate the impact of Harvey on individual (re)insurers even while the event continued to unfold

Underwriters in America's surplus lines market saw direct written premium (DWP) grow by a lacklustre 2.8 percent to $42.4bn last year, according to a new study from rating agency AM Best.

Novae has rehired the US property cat reinsurance team that it agreed in June to transfer to Fidelis and reversed its decision to exit the class, The Insurance Insider understands.

Almost three months after the devastating fire at Grenfell Tower, professional indemnity (PI) underwriters and their advisers are reviewing their policy wording and demanding more information on proposal forms to weed out areas that could leave their firms exposed.