July 2015/1

Bermudian insurer Axis has decided to restructure its professional lines reinsurance protection to create a major new global quota share, The Insurance Insider can reveal.

Although broker mid-year renewal reports provided further evidence of a "soft market slowdown" in peak zone cat business, the broader reinsurance picture remained one of intense competition.

One of our biggest gripes in the insurance sector is that it is very hard to differentiate our offering in the marketplace. We moan that we are all tarred with the same (almost universally negative) brush.

Aon has rolled out a major new US and international terrorism facility that further erodes the premium pot of a fast-shrinking open market, The Insurance Insider understands.

Evan Greenberg has bet company, reputation and five years of shareholder value on the biggest ever M&A deal and integration exercise in P&C insurance.