Aegis London's Syndicate 1225 has withdrawn from the aviation war market after rates failed to harden sufficiently despite the sector posting a loss ratio in excess of 1,000 percent in 2014.
A meat-processing facility belonging to Spanish food giant Campofrio Food Group was razed to the ground during a fire that is likely to cost insurers EUR250mn, sister title Inside FAC reported.
A group of insurers that have been sued for refusing to pay $1bn+ of Superstorm Sandy claims by US rail operator Amtrak have filed a partial motion to dismiss a bid for consequential damages.
AIG has brought its third Tradewynd Re cat bond to market and is seeking to raise $300mn of indemnity cover for multiple perils across the US, Canada, Mexico and parts of the Caribbean.
