July 2013/5

P&C insurance carriers have given positive forward guidance on rate increases in the third quarter to date in response to fears about the possibility of cresting US commercial pricing

Confused by the different approaches and messages on investment losses during the Q2 reporting season? Do not fear - The Insurance Insider provides a simple two-page comparison of the different approaches taken by (re)insurers on both sides of the Atlantic

After a quiet start to 2013, reported catastrophe losses for the second quarter have now topped $3.2bn as the Q2 reporting season continues apace, according to The Insurance Insider's Data Room

Hiscox plc is happy to strike portfolio underwriting deals with Willis, as it has done with Marsh and Aon, if it is satisfied that it can retain sufficient underwriting control and secure adequate returns.

Bermudian reinsurer Validus is pondering non-cat underwriting opportunities for third-party investors as it continues to build out its asset management business, CEO Ed Noonan told The Insurance Insider.

Property catastrophe specialist RenaissanceRe will begin writing US specialty treaty reinsurance through a new Connecticut-based agency, RenaissanceRe Underwriting Managers.

Chief operating officer John O'Connor and a five-person property and casualty treaty team in London are among the casualties of new Endurance CEO John Charman's radical restructuring of the business.

US specialty insurer AmTrust has finally gained entry to the Lloyd's market after agreeing to acquire Sagicor Europe for £56mn.

Lloyd's insurer Canopius is looking to convert dedicated motor Syndicate 260 into a fully aligned vehicle for the 2014 year of account.

After years of being coerced into developing internal Solvency II models, UK-based (re)insurers may also have capital floors imposed upon them by the new UK regulator decided that the risk-based approaches taken by Solvency I and Solvency II were vulnerable to being gamed

Glass half-empty types seized upon a rates survey last week as firm evidence that the recent sustained rise in US P&C commercial pricing was coming to an end.

Ever since the $1.4bn marriage between Aon and Benfield in 2008, one of co-CEO Dominic Christian's roles has been to keep the peace between the potential butting egos among the firm's London-based producers.