January 2016/4

XL managed to trim 50 basis points (bps) off the targeted insurance-linked premium on its new $300mn Galileo Re cat bond, sister publication Trading Risk reported last week.

Florida Citizens has warned that if a surge in water loss claims continues unchecked non-wind rates for most of its policyholders will continue to increase in line with the 10 percent annual limits imposed by the state’s “glide path” law.

Aspen's purchase of AgriLogic Insurance Services comes less than two years after it described US crop insurance business as "troubled, low margin, recently volatile and exposed to major risks".

Aspen has lost the last of its cyber underwriters in London weeks after the head of the team departed, The Insurance Insider understands.

Lloyd’s is close to unveiling plans to refresh its new entrant framework after initiating a market-wide review in the face of criticism.

Aspen has continued its raids on Liberty International Underwriters (LIU) as it builds out its insurance platform in the US and internationally.

Endurance has continued to build out its London international insurance platform with a raid on the aviation ranks of Hiscox and Amlin and the appointment of a casualty head from CV Starr, The Insurance Insider can reveal.

Cooper Gay has shelved plans to sell its German marine business after exclusive talks with Aon broke down, The Insurance Insider can reveal.

Canadian pension fund Ontario Teachers' Pension Plan is finding the sale process for its troubled Lloyd's business ANV an uphill battle, The Insurance Insider can reveal.

Market participants should never underestimate the importance of fashion in our industry.

The next three weeks will go a long way towards clarifying the long-term viability of global conglomerate insurers American International Group (AIG) and Zurich, as management at both firms struggle to control growing negative sentiment.