June 2013/1

In Randall & Quilter (R&Q)'s first deal since a recent £25mn capital injection, the firm has agreed to buy La Réassurance Intercontinentale (La RI) from French-based insurer MMA IARD Assurances Mutuelles (MMA) for EUR1.5m

The vast run-off markets in German-speaking countries are set to expand further as more European (re)insurers focus on making efficient use of equity capital, according to a new Swiss study

An Illinois district court has awarded the insurer Homeowners Choice $744,000 for fee rebates it failed to receive from its broker Aon Benfield

Maurice "Hank" Greenberg has asked New York's highest court to throw out the remains of the Eliot Spitzer legacy suit that accuses him of presiding over an accounting fraud when CEO of AIG

Bank of America's proposed $8.5bn settlement with buyers of toxic mortgage-backed assets is dividing investors, with some supporting and others - like American International Group (AIG) - going to court to resist the offer

The chairman of the European Insurance and Operational Pensions Authority (Eiopa) has called for the insurance industry to part-fund the supranational watchdog

American International Group (AIG) may face higher capital requirements and greater supervision from the Federal Reserve after being dubbed a systemically important financial institution (SIFI) by US authorities

The London market - together with professional services heavyweight Ernst & Young (E&Y) - is grappling with the unexpected repercussions of being caught in the net by the Foreign Account Tax Compliance Act (FATCA)...

Insurance asset managers are continuing to make investment decisions amid improving US economic data that has sent Treasury bond yields to 13-month highs and raised expectations that quantitative easing (QE) will be scaled back this year

US insurers have been showing a strong appetite for increasing investment allocations to middle market private debt and commercial mortgage loans as they target illiquid assets in search of increased yields

Cat modelling firm Eqecat is in talks on entering a data sharing agreement with AIR Worldwide after completing a similar deal with RMS

ILS funds tracked by the Eurekahedge ILS Advisers Index posted an average return of 0.83 percent in April as the sector continued a strong start to the year for returns

If further evidence was required of asset managers' current enthusiasm for catastrophe reinsurance, then the $275mn mandate that Leadenhall Partners won from the New Zealand Superannuation Fund late last month demonstrated it perfectly...

Marsh's recently launched Delta D&O and professional indemnity (PI) programmes are the latest manifestations of the "underwriting club" phenomenon taking hold in London, The Insurance Insider can reveal

The Insurance Insider is not convinced that this is a permanent shift in the way subscription market business is placed...

The recent rash of broker facilities has echoes of the disastrous energy portfolio deals that emerged in London's brutally soft market of 1997-2000...

Marsh may have eschewed the headline-grabbing initiatives of its rivals, but it has been highly active in fashioning cross-portfolio deals with individual carriers over the last three years

The Insurance Insider provides exclusive analysis on the eruption of exclusive broker portfolio transactions in the London/Bermuda subscription markets

Florida insurers rated by AM Best now get 100 percent credit for coverage they buy from the mandatory layer of the state's cat fund, after the agency updated its assessment of exposure to the entity

Everest Re is back on the 1 June-renewing $250mn+ quota share (QS) with Universal Property & Casualty after losing out to rival Odyssey Re in 2012, The Insurance Insider revealed last week

USAA was one of a number of nationwide insurers to restructure its reinsurance programme at 1 June amid dramatically changing market dynamics that helped it achieve a risk adjusted rate reduction of 11-12 percent, according to underwriting sources...

The unabated growth of traditional reinsurance capital and the influx of non-traditional capacity set the backdrop for a buyer's market at 1 June that is set to extend to the end of the year and beyond...

The embattled Texas Windstorm Insurance Association (TWIA) has gone ahead with an upsized cat reinsurance placement as it looks to shore up its defences for the 2013 hurricane season, The Insurance Insider can reveal

Jardine Lloyd Thompson (JLT) has continued its strategy of luring heavyweight aviation insurance executives from its rivals by securing a six-strong team from Marsh, The Insurance Insider can reveal