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Berkshire exploring IRB stake acquisition: reports

Berkshire Hathaway is in talks with IRB Brasil Resseguros about buying a minority stake in the Brazilian reinsurer after it goes public later this month, Bloomberg reported today.

Bernard Goyder, 25 July 2017
Ogden rate cut pushes QIC to P&C underwriting loss

Qatar Insurance Company (QIC) Group fell to an underwriting loss in its non-life business in the first half of the year amid an "ultra-soft underwriting environment" and a $31mn reserve charge stemming from the Ogden rate change in the UK

Bernard Goyder, 25 July 2017
London D&O market braces for Slater and Gordon claim

The London directors’ and officers’ (D&O) market is facing a claim of around $26mn following a settlement by Australian law firm Slater and Gordon with its shareholders.

Charlie Thomas, 25 July 2017
Opinion: Transitioning

The government of UK prime minister Theresa May is about to make it easier to transition

Laura Board, 25 July 2017
Two reinsurer sidecars lapse

Two reinsurer sidecar vehicles have not been renewed in 2017 as Scor and PartnerRe each decided they no longer needed retrocession cover in this format, sister publication Trading Risk revealed last week.

Fiona Robertson, 25 July 2017
New ILS regulations welcolmed as ‘workable’ framework

Reaction to the UK government's insurance-linked securities (ILS) regulations released last week has been positive, with market participants saying their concerns about earlier draft proposals had been noted and the end result was a framework they could work with.

Lucy Jones, 25 July 2017
Q2 preview: Cats, loss trends in focus as reserve releases shrink

P&C (re)insurers experienced a relatively benign quarter in terms of natural catastrophe events, though recent company disclosures have dented more bullish assumptions about related losses.

Iulia Ciutina, 25 July 2017
Further modest improvement seen in US commercial rates

US commercial P&C rates continued their upward trajectory in the second quarter, according to bellwether insurer Travelers.

Catrin Shi, 25 July 2017
Developing nations insurance and Brexit top IIS conference agenda

Brexit and a new catastrophe insurance scheme for developing countries dominated the agenda at the International Insurance Society (IIS)'s Global Insurance Forum in London last week, as executives gathered to discuss the future of the industry.

Charlie Thomas, 25 July 2017
Solicitors’ PI premiums drop 1.3% in 2016: Law Society

The mean cost of premiums for UK solicitors' professional indemnity (PI) cover dropped by 1.3 percent last year, according to The Law Society.

Matthew Neill, 25 July 2017

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