November 2012/1

Swiss Re is not keen on opening up its internal insurance-linked securities (ILS) fund to third party investors, according to reinsurance CEO for the EMEA region Jean-Jacques Henchoz.

A big energy risk excess programme and a significant Japanese pro rata treaty are the latest victims of Chartis's decision to rationalise its reinsurance spend, The Insurance Insider can reveal.

Early signs suggest that the biggest single risk loss to emerge from Hurricane Sandy will be from the substantial property programme of the New York Metropolitan Transit Authority (MTA).

David Reed, the former managing director of Omega's managing agent, will become CEO of Scor's Lloyd's corporate member at the start of 2013, The Insurance Insider can reveal.

Swiss Re intends to take the lion's share of the business net when Berkshire Hathaway's giant quota share cover expires at the end of the year, which would cause net written premium (NWP) to climb by around a quarter.

Former RSA CEO Andy Haste has joined Lloyd's as one of the Corporation's three deputy chairmen, serving an initial three-year term from 1 November.

New York and New Jersey insurance regulators swiftly followed Connecticut in warning that insurers will not be able to impose homeowners' hurricane deductibles when processing claims from Superstorm Sandy.

Aon Benfield has hired senior retro brokers Charlie Simpson and Chris McDowell from Guy Carpenter, The Insurance Insider understands

Hiscox CEO Bronek Masojada said he expects the firm's US division to continue to provide strong growth momentum in 2013 after the unit reported a 30 percent increase in gross written premiums for the first nine months of 2012.

Vast Canadian pension fund PSP is partnering with Lightyear Capital over its $350mn investment in broking house Cooper Gay, The Insurance Insider understands.

In this sector we instinctively know that things always revert to the mean in the long run.

There is growing confidence among reinsurers that the impact of Superstorm Sandy will return upwards pressure to the dynamics of property cat pricing ahead of the key 1 January renewals.