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Holborn takes Joyce from BMS

US reinsurance broker Holborn has lured Michael Joyce from rival BMS to join its Minneapolis office as senior vice president.

David Bull, 23 March 2015
Travelers renews $400mn cat treaty; pays less

Travelers kept the structure of its main $400mn catastrophe reinsurance programme stable at its July renewal, according to the firm's second quarter disclosures

25 July 2013
Tower announces devastating $365mn reserve charge

The future of ailing insurer Tower Group has been thrown into further doubt after the company announced its long-expected reserve strengthening exercise will cost it $365mn, sending its shares down sharply in aftermarket trading.

08 October 2013
Macquarie: Brexit would have limited US P&C impact

A decision by the UK public to leave the European Union would have a limited impact on US P&C (re)insurance stocks, according to Macquarie Capital

22 June 2016
Address hotel loss nears $200mn amid aggregation fears

The Address Downtown Hotel complex that caught fire during New Year’s Eve in Dubai last year is heading towards a $200mn insured loss, according to market sources.

Charlie Thomas, 21 March 2016
Power still rests with cedants by default thanks to a continued glut of capacity

One of the long-term, fundamental questions in reinsurance has been the degree to which pricing in one region can affect another.

Rachel Dalton, 20 August 2019
Higher rates could impact alt capital appetite

The increase in US interest rates could have an impact on alternative capital's appetite for the (re)insurance industry, according to panellists at the EY (Re)Insurance Outlook event in Bermuda last week

Mark Geoghegan, 21 December 2015
FCA highlights fair treatment fears in outsourcing

The Financial Conduct Authority (FCA) has raised concerns about the fair treatment of clients in delegated authority arrangements, with some insurers failing to display adequate conduct risk and outsourcing controls

Jenny Messenger, 02 June 2015
More than 200 killed in Turkish mine explosion

An explosion at a coal mine in western Turkey yesterday (13 May) is believed to have killed more than 200 people, with hundreds more workers still thought to be trapped inside the mine.

14 May 2014
FedNat more than doubles limit on reinsurance programme

Expansive Florida homeowners' insurer Federated National (FedNat) is increasing the limit purchased on the private market portion of its cat reinsurance programme by 138 percent and doubling its retention.

14 May 2014

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