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Cedes decline on Markel and Nationwide professional QS

Tangible evidence of downward pressure on ceding commissions is emerging in the US casualty and professional liability reinsurance market, following the placement of a number of deals leading up to the key 1 January renewals

David Bull, 05 December 2017
Water, water everywhere

Following any major loss event, the great debate always recurs: how interconnected is the global insurance industry?

Mark Geoghegan, 05 December 2017
FM Global tells reinsurers no Maria claims on cat XoL

FM Global has told its reinsurers that it does not expect Hurricane Maria claims in Puerto Rico to attach its main property cat excess-of-loss programme, The Insurance Insider can reveal.

David Bull, 05 December 2017
Axis looks for new home for $65mn downstream team

Axis Capital has started to look for a renewal rights deal for Steve Saunders' international downstream energy book that could also see the team move to a rival, The Insurance Insider understands.

Adam McNestrie, 05 December 2017
PG&E wildfire losses threaten $850mn GL tower

Berkshire Hathaway has the largest exposure on Pacific Gas and Electric's $850mn general liability programme, which could be significantly eroded by the Californian wildfires, The Insurance Insider can reveal.

Adam McNestrie, 05 December 2017
Opinion: Insurable risk?

The prospect of Pacific Gas and Electric burning through an estimated $850mn of liability cover will only add momentum to underwriters' push for 2018 rate hikes across the US casualty market.

David Bull, 05 December 2017
Morrisons data leak ruling may lead to wave of cyber litigation

Underwriters face the prospect of mounting data protection-related liability claims following a landmark UK High Court judgment against Morrisons, experts have said.

Catrin Shi, 05 December 2017
Opinion: Not staying silent

The liability exposure from data breaches and cyber attacks is growing ever more apparent: but don't be fooled into thinking this is just an issue for the cyber (re)insurance market.

Catrin Shi, 05 December 2017
Markel reinsurance buyer Blazer departs

Markel's managing director of reinsurance Robert Blazer is leaving the specialty carrier, The Insurance Insider can reveal.

David Bull, 05 December 2017
Opinion: Firming energy market remains challenged

The soft market for upstream energy is over.

Adam McNestrie, 05 December 2017

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