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Contracting out to ‘be exception rather than the rule’
Most carriers are unlikely to contract out of parts or all of the Insurance Act that came into force in the UK on Friday (12 August), according to Richard Breavington, partner at law firm RPC.
Winifred Okocha
,
15 August 2016
Insider View: Zurich's strategy update
Greco's turnaround project for Zurich addresses the immediate investor concerns that caused the firm's valuation to slump below book value just under a year ago.
Catrin Shi
,
22 November 2016
Typhoon Guchol to cost less than $500mn - Eqecat
Typhoon Guchol, the first super typhoon of the 2012 season, is likely to cause insured losses in Japan of less than $500mn, according to cat modeller Eqecat.
21 June 2012
Livecat market locks up as Irma fears grow
The Livecat market, which sees industry-loss warranties (ILWs) bought and sold before a windstorm hits, has frozen after a few trades at $30bn-$40bn triggers yesterday as fears grow that Hurricane Irma could make landfall in Florida as a major storm.
Adam McNestrie
,
05 September 2017
Irma fears batter Florida P&C shares
Florida P&C carriers fell sharply in early New York trading today amid the prospect of Hurricane Irma slamming into the Sunshine State later this week
Ted Bunker
,
05 September 2017
Ariel Re sold for less than book value
Investment bank Goldman Sachs was able to agree a deal to acquire the Bermudian operations of Ariel Re based on less than book value, The Insurance Insider has learned
08 March 2012
Uglier than some believe!
Last week we said that the first Fed rate rise for almost a decade was the first normal thing that has happened in the world economy since the onset of the global financial crisis
Mark Geoghegan
,
21 December 2015
Conduit Re targets 50/50 XoL, quota-share portfolio split: Eckert
The CEO said business remains adequately priced in most classes.
Rebecca Perkins
,
30 July 2025
Major risk loss feared following East China Sea collision
Steamship Mutual, Korean insurer Hanwha and PICC all lead covers that have exposure to the major shipping accident at the weekend involving the Iranian oil tanker the Sanchi, The Insurance Insider understands.
Adam McNestrie
,
09 January 2018
GC Symposium highlights divergence on cat rate impact
Investors in both reinsurers and in insurance-linked securities (ILS) are looking for rate rises at the 1 January renewals and failing to meet those expectations could dull their interest in the sector.
Laura Board
,
24 October 2017
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