October 2017/5

Asia Capital Re (ACR)'s board will not reopen the sales process that led to its $1bn abortive deal with Shenzhen Qianhai Financial Holdings and Shenzhen Investment Holdings, The Insurance Insider understands.

After years of malaise, the (re)insurance market may finally be facing a sea change following heavy third quarter catastrophe losses, as underwriting executives scramble to talk up rates.

Lloyd's is aiming to secure regulatory approval for Brussels-based Lloyd's Insurance Company early next year and believes it has widespread market backing for the structure of its post-Brexit subsidiary.

Losses sustained by Caribbean insurer Nagico during hurricanes Irma and Maria have not dented the allure of the business for 50 percent owner Peak Re.

Senior insurance executives and underwriters in Baden-Baden were expecting a North Atlantic-hurricane-induced rate increase to spread even into unaffected specialty lines, after years of margin compression in sectors including marine, energy and aviation.

French state-owned reinsurer CCR Re is looking for strategic industry partners and would consider exchanging equity stakes with supporters following its operational carve-out early this year from parent CCR

WKFC Underwriting has launched a new property consortium with a quartet of high-profile carriers offering up to $100mn of combined limit, The Insurance Insider can reveal.

Independent wholesaler Keating has expanded its senior executive team with two high-level hires and restructured its platform to drive further growth, The Insurance Insider can reveal.

Ivan Chan, ArgoGlobal Asia's CEO, has left the firm, The Insurance Insider understands.

The battle lines are being drawn in Asia between reinsurers and cedants ahead of the 1 January renewals, as the sector continues to come to terms with the remarkable string of third quarter cat losses.

Berkshire Hathaway Specialty Insurance (BHSI) is preparing to enter the Dubai insurance market, The Insurance Insider understands.

The third quarter could still go down as the costliest in the (re)insurance industry's history, with almost all the companies to report so far dragged to a loss and a significant portion of the sector's excess capital wiped out.