January 2017/4

Global broker JLT Re noted that reinsurance rating pressure continued to abate in the 1 January renewals, as it warned that the sector could be approaching the point of failing to meet its cost of capital.

US intermediary Brown & Brown could be one of the biggest beneficiaries of President Donald Trump's proposed US corporate tax reforms, according to equity analysts.

WR Berkley's decision to suspend the underwriting of its London marine market book places the spotlight firmly on the challenges of writing profitably in a range of core EC3 specialty classes.

Reinsurers gain Indian approval; Dutch fund backs Leo Re; US tornado outbreak; Tennessee wildfire losses climb; Debut Extremus claim; Markel Catco dented; Charles Taylor rebrand; Suncorp suffers fresh NZ quakes loss

The top 10 insurance-linked securities (ILS) fund managers posted their fastest rate of growth in the past two years in the run-up to the 1 January renewals, exceeding $50bn in assets under management (AuM) for 2017.

Claims from Hurricane Matthew and the Kaikoura, New Zealand earthquake each shaved 1 percentage point off Markel Catco's returns for 2016, the company said.

Pricing on Aetna's latest Vitality Re health insurance bond settled at the bottom end of the target range, with the premium on the deal's class B notes reaching a new low, sister publication Trading Risk understands.

Leaders of the US Federal Emergency Management Agency (Fema) may impose annual deductibles on US state governments seeking to rebuild public infrastructure following a disaster, in a plan that Swiss Re and other observers said would spur states to buy more catastrophe insurance.

Business should expand in the cat bond market this year, Aon Securities has said, with a record amount of bonds scheduled to come off-risk in the first half.

Ironshore expects to benefit from cross-selling opportunities, deeper distribution relationships and the ability to retain more business under prospective owner Liberty Mutual. Normal 0 false

News last week that OneBeacon has gone on the auction block follows several years in which the specialty insurer was unofficially up for grabs.

Shares in Generali rose 9 percent to EUR15.48 ($16.62) as of 11:15 UK time today, after a stock market manoeuvre by the Trieste-based company on Monday (23 January) gave weight to the latest round of bid speculation.

Senior cyber underwriter Marcus Breese has left Hiscox as the talent war in the cyber market rages on, The Insurance Insider understands.

Head of space risks Neil Stevens has left Sciemus, The Insurance Insider can reveal.

Putting a value on an enterprise can be a subjective business, and it's the specialty of investment banks like Morgan Stanley and private equity firms like Clayton Dubilier & Rice.

Aon's expected sale of its benefits outsourcing business for about $4.5bn will enable the big three broker to focus more on faster-growing, higher-margin businesses, analysts said.

The Greek government has taken four bidders for state-owned insurer Ethniki through to the second round of the sale process, The Insurance Insider can reveal.

Prime Minister Theresa May's Brexit manifesto has killed any lingering hopes of a soft goodbye to the EU in which the UK would remain in the single market.

It's unlikely that prior-year reserve development or adverse development covers (ADCs) figured high on the agenda of many when assessing the likely implications of Trump's presidency.

Much of the focus around the legacy reinsurance transaction between AIG and National Indemnity Company (Nico) will naturally be directed towards the cedant.

What's your first-choice Monopoly piece?

AIG's giant $20bn adverse development cover (ADC) with Berkshire Hathaway has so far met with a low-key response from investors keen for more detail on the forthcoming fourth quarter reserve charge and the deal's capital implications.