May 2015/1

Fosun International will not force Ironshore to merge with US insurer Meadowbrook when the Chinese conglomerate closes its $1.84bn buyout of the remainder of the Bermuda-domiciled company, according to Ironshore Inc CEO Mitch Blaser.

The latest Everglades Re cat bond from Florida Citizens Property Insurance has moved towards the top of its revised pricing forecast range and upsized to $300mn from a $250mn target, sources told sister publication Trading Risk

Competition among insurance-linked securities (ILS) fund managers is leading to increasingly innovative products that will help grow the market, according to Willis Capital Markets & Advisory (WCMA)

Major insurer Chubb secured a rate reduction of close to 15 percent when it renewed its US cat treaty at 1 April, The Insurance Insider understands.

Everest Re raised $60mn of capital for its sidecar Mt Logan Re at 1 April, expanding total assets under management (AuM) to $750mn, sister publication Trading Risk reported

Fresh reinsurance demand could emerge at the mid-year renewal from a clutch of Northeast-focused regional carriers whose retentions were hit by another round of US winter storm losses this year.

The Lloyd's segments of listed P&C (re)insurers have so far delivered mixed results for the first quarter of 2015, both on the top line and in terms of underwriting performance

Alleghany president Joe Brandon has been linked with the vacant CEO role at in-play PartnerRe if the Agnelli family successfully beats off competition from Axis to take the company out.

Failure to complete its proposed PartnerRe acquisition could leave Axis vulnerable to a takeover approach, with Arch considered a potential bidder for its rival Bermudian.

After the board's decision to cleave to its deal with Axis, PartnerRe shareholders are scrutinising Exor for signs of its willingness to fight for the business and to stretch beyond its initial $130 a share offer.

As market conditions continued to soften in the first quarter of 2015, organic revenue growth at the reinsurance arms of the big three global brokers struggled to match the figures generated by their insurance divisions

Scor trumps; Soft market fears; Allstate 7 years; Life growth; Rates flat; Endurance beats; Greenlight Re falls; Torus partners; White Mountains deteriorates; $1.84bn Ironshore buyout; Three peaks; Islamic insurance; Brindle exit