March 2015/3

Florida insurer Safepoint Insurance Company is sponsoring its first cat bond, Manatee Re, according to sources.

Allstate has launched a seven-year Sanders Re cat bond transaction as it seeks to push the boundaries of insurance-linked securities (ILS) investor appetite, sister publication Trading Risk reported last week.

Over recent weeks The Insurance Insider has seen a number of leaked memos from XL Catlin insiders detailing the forthcoming leadership structure for the new insurance powerhouse.

AM Best's downgrade of the Attorney's Liability Assurance Society (Alas Inc) at the end of last month has brought the US legal risk retention group into focus amid deteriorating underwriting results compounded by declining investment yields.

Amwins' tie-up with Nephila Capital will add significant capacity to the US wholesaler and managing general agency (MGA)'s all-risk property offering to retail brokers, as well as further evolving its distribution model.

Zurich leads the $250mn directors' and officers' (D&O) cover for Brazilian oil giant Petrobras with a $15mn layer, The Insurance Insider understands.

Lloyd's US property cat specialist Icat is scaling up its reinsurance programme with an almost doubling of its first event limit to $500mn, significant second event protection and a slug of available third event cover, The Insurance Insider can reveal.

Global cedant Zurich is expected to seek a major rate reduction when it releases firm order terms to the reinsurance market for the renewal of its 1 April catastrophe programmes, The Insurance Insider understands.

Insurance giant Aviva looks set to secure a 15 percent rate reduction on its main UK cover when it renews on 1 April, The Insurance Insider can reveal. Normal 0 false

The number of US-based Marsh clients purchasing standalone cyber insurance increased by 32 percent last year compared to 2013, according to a cyber trends report published by the broking heavyweight last week (12 March).

Simon Lee, the former CEO of RSA, has been hired by Fairfax Financial Holdings as an international adviser, The Insurance Insider revealed earlier today (16 March).

AIG acquires; Lloyd's Beijing; Cyclone Pam; Axis and PartnerRe boost; Thai attractions; BHSI energy hire; Double Dubai; Torus exit; Citizens levy ends; Cyclone Marcia; Scor shuffle; Integro acquires; Validus affirmed; Hales exits; Airmic appoints