July 2016/1
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PartnerRe has made a number of appointments after restructuring its business units, the reinsurer announced today (6 July)
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Share price data on The Insurance Insider's universe of P&C (re)insurers
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Shares in the Insider 30 expanded by 3.4 percent on average in the last week of June, as investors' initial Brexit shock moderated
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As investors continue to struggle to find attractive yields in traditional fixed income assets, many are considering the potential benefits of investing in real assets
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Rates in the beleaguered downstream energy market continued to slide during the second quarter of the year, with most reductions in the 10-20 percent range, according to analysis by JLT Specialty
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Market volatility triggered by the UK's Brexit vote could drive increased investor interest in the insurance-linked securities (ILS) sector, although the impact is not expected to be meaningful, according to a variety of market participants.
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Continental reinsurers and European insurers woke up to a new reality late last month after the UK voted to leave the European Union (EU), a decision which is expected to negatively impact their operations
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After sterling fell to 30-year lows against the US dollar a unique buying opportunity has presented itself to those looking to buy a piece of the London market.
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The five major listed brokers with exposure to the UK took differing impacts from the Brexit crisis, with some even seeking to present the high levels of uncertainty as a fresh commercial opportunity
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The UK's vote to leave the European Union should not impact the rapid growth of the country's cyber sector, market participants have told The Insurance Insider.
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Gibraltar "cannot and will not" fall into a regulatory vacuum where the jurisdiction suffers "death by a thousand cuts" following the UK's vote to leave the EU, a regulatory expert on the Rock has said.
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Lloyd's and the London market are faced with two incompatible options from the fallout of last month's Brexit vote, prompting discussions about the best way forward.
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The UK's vote to leave the EU has prompted insurance CEOs to voice concerns over passporting business and attracting top talent
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TMK hires Amphlett; ArgoGlobal appoints cargo underwriter; Gable suspends shares; MSI's ILS hopes; Nexus moves into marine; XL Catlin hires Asia marine hull leader; Probitas expands casualty team; BP Marsh exits Hyperion stake
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AM Best's 1 July decision to assign Sirius's new Bermuda-based company a negative outlook on its A financial strength rating has highlighted anxiety over the impact of Chinese acquisitions on carriers' credit profiles.
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The volume of legacy noise-induced hearing loss (NIHL) claims is expected to continue to decline as an anticipated glut of 20,000-25,000 cases looks less likely to materialise, according to law firm Weightmans.
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Brian Bissett has resigned as chief data officer of XL Catlin to join Zurich, The Insurance Insider can reveal.
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US mutual fund manager and major sidecar investor Stone Ridge Asset Management posted a 7 percent expansion to the net asset base of its three reinsurance funds in the first part of 2016 to reach $4.76bn.
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Marsh Finpro has received widespread support from London management liability writers for its latest facility in a clear demonstration of the continuing dominance of broker-led offerings, sister title Inside FAC revealed earlier this month.
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Underwriters have warned the rise in blockchain-based companies poses significant coverage challenges, as shown by the heist of $53mn of "ether" cryptocurrency from an investment fund in June.
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The introduction of a series of premium taxes levied on the marine industry could hit fixed-premium underwriters and mutuals as shipowners battle against the charges.
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The International Underwriting Association (IUA) has elected six London market executives to its board, the organisation announced on 5 July.
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Colorado State University (CSU) updated its 2016 hurricane season forecast on 1 July to include one extra named storm, bringing the total number predicted to 15, as it said the transition away from an El Niño weather pattern continued.
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Lloyd's managing agent Apollo has hired well-regarded marine underwriter Iain Henstridge as it looks to build out a hull book, The Insurance Insider understands.
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Although there was evidence in some international territories of a slowdown in rate softening, price falls still typically outstripped the US for P&C reinsurance lines, according to mid-year renewal data from Willis Re.
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There was further evidence of slowing rate reductions for US P&C placements at the 1 June and 1 July reinsurance renewals, according to Willis Re.
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Brazilian national reinsurance giant IRB-Brasil Resseguros (IRB) has been exploring the sale of its London-based carrier now in run-off, The Insurance Insider understands.
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Major Chinese conglomerate Fosun has entered the legacy space after a period of prolonged flirtation by backing Armour's pending acquisition of The Hartford's £452mn ($595mn) London market book, The Insurance Insider can reveal.
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The management of Ark has made the final payment in its audacious staggered purchase of the Lloyd's insurer.
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Recently acquired Tokio Marine HCC has recruited a trio of marine executives from XL Catlin's hull division, The Insurance Insider can reveal.
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Reality check. The UK is out of the European Union and barring a miracle or a massive political U-turn it will not retain passporting rights to do cross-border business in the European Economic Area.
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Peter Scales and his former Cathedral colleagues are on course for a 1 January start-up at Lloyd's, defying the current market belief that a Lloyd's business cannot be put together inside of a year.
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The UK's momentous decision to leave the European Union has eclipsed everything else in the news agenda in the days since the verdict was delivered, and ushered in a period of fevered political interest.
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Axis Capital and Blackstone-backed total return reinsurer Harrington Re has launched after completing a $600mn capital raise and securing an A- financial strength rating from AM Best.
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