October 2012/5

The open year of Lloyd's insurer Jubilee's run-off motor business is being brought to market to seek a reinsurance to close transaction at year-end, The Insurance Insider understands.

As the airline insurance market prepares for the major Q4 renewals, it is understood that brokers are using a 10 percent risk-adjusted discount as a starting point for negotiations

The volume of companies in liquidation in the US represents a "golden opportunity" for the run-off market, but the country's fragmented state-by-state regulatory system is hampering progress.

The long-anticipated overhaul of the National Flood Insurance Program (NFIP) is waiting on the too-close-to-call US presidential election result, but reinsurers could benefit from additional business being ceded in 2013.

The head of XL's professional liability practice in Europe, Bill Walton, has left the firm, The Insurance Insider understands

Global regulators are introducing ever-higher systemic targets for capital requirements that could exacerbate firms' tendency to place buffer upon buffer of capital above statutory levels.

The FSA is urging the industry to provide forward-projecting income and risk profiles, in the likelihood of a persistent low interest rate and low growth economic environment.

UK banking group Barclays' primary directors' and officers' (D&O) cover is set to renew up 10-15 percent amid a hardening financial institutions (FI) market, according to market sources

Lloyd's has given a positive spin to the likely Solvency II delay and highlighted the benefits of having extra time for regulators and policymakers to eliminate unnecessary elements and realign over-ambitious provisions.

A loosening of terms and conditions and an expansion of the coverage being offered to buyers of UK commercial D&O insurance is symptomatic of an ultra-soft market, market sources have told The Insurance Insider

PartnerRe has appointed Hervé Castella to lead its capital markets operations and added to his team with a new hire.

Investors seeking property cat risk are turning to capital markets reinsurance vehicles because the traditional benefits of investing in reinsurance equity are not working.