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May 2013/1

  • (Reinsurers are increasingly optimistic about the investment environment and are demonstrating a willingness to add risk to their asset portfolios in the search for yield
  • The passage of legislation to set up a so-called clearing house for Florida Citizens is the "last piece in the process" to help it become a true residual market
  • The sale of Cathedral by private equity backer Alchemy is not likely to prove as simple as its high quality and availability in a market characterised by scarcity may suggest.
  • Florida's Citizens Property Insurance Corporation succeeded in completing its upsized $604mn traditional reinsurance placement at a rate on line (RoL) of just 17 percent. We have the details...
  • PE firm looks set to make its first significant London market investment since Lockton International after fighting off a range of financial bidders in the hotly contested auction for the top-tier Lloyd's business Atrium
  • Willis, Marsh & McLennan Companies (MMC) and Aon all delivered increased organic growth in brokerage revenues in the first quarter, with the fast-growing Latin America region highlighted by the trio as a key contributing factor
  • Mid-tier reinsurance broker Towers Watson has quietly been sounding out potential acquirers. Who might be interested and how would it change the reinsurance broking landscape...
  • Non-life P&C business was a boon for the major European reinsurers in the first quarter as low loss activity led to strong underwriting results
  • Aspen Insurance Holdings was the most active buyer of its shares during the first quarter
  • Ironshore has continued strong top-line growth momentum this year after solid 2012 results that included a 17 percent increase in gross written premium (GWP), driven by its international division and improving pricing across the majority of its business.
  • Bermudian (re)insurers repurchased shares at the fastest pace in two years during the first quarter of 2013, data compiled by The Insurance Insider shows
  • The cost of insuring against a default by French reinsurer Scor has fallen to the lowest level for almost two years as bond investors become increasingly bullish on the company's prospects.