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November 2013/3

  • We track where the losses flow from the recent adverse legal decisions in Spain. Two of the worst-affected P&C insurers in The Insurance Insider's universe are HCC - a market leader in the Spanish surety market - and Scor, a 40 percent shareholder and major reinsurer of the Spanish construction carrier Asefa
  • The Insurance Insider's Data Room compares the third quarter results of the industry's big three brokers...
  • Citizens is facing a last-minute race to get its ambitious clearing house proposal up and running for 1 January 2014.
  • The depopulation of Florida's Citizens Property Insurance Corporation is at a key stage as the state-backed insurer looks to maintain momentum through take-out deals and the execution of its proposed clearing house initiative by 1 January
  • The combined top line of London's publicly listed (re)insurers inched up by 1.5 percent in the third quarter to reach $3.57bn, according to data compiled by The Insurance Insider. We examine the third-quarter trading statements of the London-listed carriers and see who is growing, and who is retrenching...
  • If cedants are struggling for higher ceding commissions and improved terms on their reinsurance contracts - an unlikely scenario in today's climate perhaps - they might do worse than point to a continued improvement in Bermudian carriers' loss experience on reinsurance business
  • Industry-wide insured losses stemming from Super Typhoon Haiyan, which made landfall in the Philippines earlier this month with Category 5 strength, could now range between $300mn and $700mn, according to a forecast by AIR Worldwide.
  • Total disclosed losses stemming from the unusual hailstorms that struck parts of Germany and France in late July have reached nearly $1.5bn as the third quarter reporting season draws to a close, according to data compiled by The Insurance Insider's Data Room.
  • Dual Ibérica, the Spanish arm of Hyperion Group's global managing general agency (MGA) Dual, has unveiled ambitious diversification plans as it cited production figures that showed the market beginning to pick up after the country's financial and banking crisis.
  • The Spanish economy is through the worst of the country's economic and banking crisis and is in a position to benefit from internal reforms and links to fast-growing Latin American economies, senior London market executives heard at a high-level gathering in Madrid last week.
  • Further misery for Tower Group as it's forced to remind investors about its parlous situation.
  • Catastrophe modeller AIR is set to release a model for US inland flood risks in early 2014 in a bid to make the market more viable for private market insurers.