Issues

InsurTech start-up Extraordinary Re has signed a deal with exchange operator Nasdaq to use its technology to run a new insurance-linked securities (ILS) trading platform.

Technology will be a critical force in countering the London market's loss of market share in emerging economies, Lloyd's CEO Inga Beale said last week.

Commercial insurance rates strengthened worldwide in the fourth quarter, marking the first average increase since early 2013, broker Marsh has found.

Oklahoma's proposed law on insurance business transfers (IBTs) could be on Governor Mary Fallin's desk as soon as May, according to a state insurance official.

If last year's NotPetya ransomware attack had been focused on Western economies rather than Eastern Europe it would have "turned the cyber insurance market on its head", according to Sompo International's global cyber product leader Brad Gow.

Axa's pending acquisition of XL Group is subject to a $499mn break fee, according to an 8K filing by the target.

This week Axa announced a $15.3bn agreement to purchase Bermudian (re)insurer XL at close to 2x tangible book value, with the merged entity set to become the largest commercial lines insurer in the world.

As the fourth quarter earnings season approaches its close, analysts have highlighted P&C pricing and accelerating industry M&A as potential tailwinds for the year ahead.

On Monday Axa surprised markets with a $15.3bn deal to purchase Bermudian (re)insurer XL, with the $57.60 a share offer representing a 33 percent premium to the target's closing share price on 2 March.

It's amazing how secular trends work their way back and forth across the corporate world down the generations. They ebb and flow like the tides.

A fragmented Florida homeowners' market means reinsurance buying strategies are likely to diverge between now and 1 June as some cedants move to secure capacity early and others sit tight in the hope of striking a better deal later on.

Participants at a cyber (re)insurance forum in Paris last week called for increased clarity and cooperation in order to drive the sector forward.