May 2015/4

Nephila jumped from fifth to second place last year in the ranks of reinsurers assuming business from the top 10 Florida residential insurers, according to data collected by Trading Risk.

American International Group (AIG) has increased the target size of its parametric Compass Re II cat bond by $100mn to $300mn, sister publication Trading Risk reported last week.

For a brief moment last week, it looked like the stakes were about to be raised further in the $6bn+ PartnerRe M&A battle

The energy insurance sector is witnessing a flurry of executive hires and exits against a backdrop of challenging market conditions.

The space market has absorbed losses equivalent to well over half its annual premium base over the past month after three events hit the sector.

New York-listed Alleghany is living up to its reputation as a quasi-private equity house by listening to approaches for its major US-based reinsurer Transatlantic Re, The Insurance Insider understands.

Despite the general malaise around European investments there have been positive surprises from Eurozone economies, according to Deutsche Asset & Wealth Management managing director Philip Poole.

Underwriters of all lines of business should include cyber exposure in their policies and price for it accordingly, said Stephen Wares, cyber risk practice leader at Marsh.

Tower totals programme; R&Q buys captive; Brit delists; Alleghany bid; Helios top line soars; Team USA; BHSI hire; PPL confirms winner; Endurance meeting; Allstate cat losses; Canopius hires CEO; AJG acquires; China disposal; Canopius boost; AIG rehires Sutherland; ‘De-globalisation' threat; Mapfre upgrade; IUA criticises; Delegated group; New King6

RK Harrison's head of political risk and structured credit Richard Coulson has resigned to join Richard Brindle's start-up carrier Fidelis, as the Lancashire founder continues to assemble his team, The Insurance Insider can reveal.

New York investment firm Pine Brook is backing a start-up "transformer" that is aiming to emulate State National as a conduit for alternative capital to access direct insurance business, The Insurance Insider can reveal.

Ariel Re, the Lloyd's insurance platform of BTG Pactual and the Abu Dhabi Investment Council, has decided to build its own managing agency, The Insurance Insider can reveal.