October 2014/1

The only silver lining to today's market is that dumb capital's days are numbered

The full $7bn of aggregate on offer in the Gulf of Mexico windstorm market was sold over the renewal season, with pricing down by around 10 percent year-on-year, according to the Lloyd & Partners (L&P) October Energy and Marine report

The majority of programmes in the power sector have renewed, with rates appearing to have fallen by 5 to 10 percent on average, according to Lloyd & Partners (L&P)

Liberty Mutual is rationalising its outwards reinsurance for specialty and international business in a move that could withdraw another significant chunk of premium from the open market, The Insurance Insider can reveal

Despite improved US harvest conditions in 2014 for key commodities including corn, soybeans and wheat - with yields up 5-10 percent year-on-year - the resulting slide in prices means that underwriters of multi-peril crop insurance (MPCI) face the prospect of another challenging year for results.

A benign period for catastrophe losses is expected to deliver strong third quarter profits and solid book value growth for US-listed P&C (re)insurers

Lancashire founder Richard Brindle is in the early stages of work on a start-up that will see him return to the (re)insurance market next year, The Insurance Insider can reveal