November 2017/4
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Munich Re primary carrier Ergo Group is pushing into middle market commercial insurance through the launch of Poland-based Ergo International Corporate Solutions (EICS)
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The London Stock Exchange-listed Blue Capital Alternative Income Fund anticipates a median return of about 15 percent for next year, with a return of 10 percent for a mean loss scenario.
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Schroders has launched a life insurance-linked securities (ILS) fund with $750mn of committed capital spread across several mandates.
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Credit Suisse-managed reinsurance vehicles Humboldt Re and Kelvin Re have both had their A- ratings confirmed by AM Best, after the ratings agency said that each would record an underwriting loss this year.
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Guarantee Insurance controlling shareholder and former Patriot National CEO Steven Mariano received transfers from Guarantee for no clear business purpose, weakening the carrier's financial position, a Florida accountant has alleged.
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The UK government gave a reprieve to the financial services sector last week by addressing a potential tax hit that could have increased the cost of Brexit-related restructuring.
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The Bank of England has called for UK and EU legislation to safeguard existing cross-border insurance and derivatives contracts to avoid problems paying claims post-Brexit.
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Allianz Global Corporate & Specialty (AGCS) has promoted Yogesh "Yogi" Virji to lead its UK cyber team while hiring an additional underwriter from Principia Underwriting.
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Rising claims severity and more than a decade of compounding rate reductions have led carriers in the international professional indemnity (PI) market to reassess their involvement in the class and demand price increases at renewal.
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As US casualty treaty market negotiations continue in the build-up to 1 January there is growing evidence that a number of leading reinsurers are exerting downwards pressure on ceding commissions that could drive a shift in pricing dynamics.
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Airline insurers are having a better renewal than they have had for a long time. Composite rates are probably up a few points in the aggregate and lead premium is higher too if you squint at it.
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After 15 years of downward pricing pressure, underwriters in the airline market finally secured a 3 to 5 percent increase in lead premiums in the key fourth quarter renewals, The Insurance Insider understands.
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The slow encroachment of the Canadian pension funds into (re)insurance is one of the phenomena of the prevailing low interest rate environment.
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The Canada Pension Plan Investment Board (CPPIB)'s backing of Bermudian reinsurer Ascot Re is a further $1bn commitment to the (re)insurance industry by the pension fund.
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An expected hardening in (re)insurance pricing may not be enough to offset pressure from high expenses and lower reserve releases at London market carriers, Fitch Ratings has warned.
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For a medium supposed to set people free, it is amazing how the development of the worldwide web has corralled us into various silos.
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The first European catastrophe reinsurance renewals have priced, and may point the way towards low single-digit rate increases for international cat accounts at 1 January.
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