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City minister hints at significant Ogden row-back

UK City minister Stephen Barclay today gave insurers increased hope of a favourable change to the Ogden rate just months after it was slashed, after describing the existing mechanism as "outdated"

Charlie Thomas, 27 June 2017
Nephila doubles reinsurance line for Florida Citizens

Nephila Capital led an expansion of collateralised reinsurance participation on the 2017 programme for Florida Citizens Property Insurance as it more than doubled its line to $286mn.

27 June 2017
Swiss Re expands retro sidecar

Swiss Re expanded its Sector Re sidecar to $492mn midway through 2017 to increase its retro support from the vehicle by $100mn in the past year, sister publication Trading Risk revealed last week.

Fiona Robertson, 27 June 2017
Leadenhall provides EV cover to Gryphon

Amlin-owned insurance-linked securities (ILS) manager Leadenhall's support of InsurTech life insurance start-up Gryphon Group Holdings is connected to a reinsurance transaction, Trading Risk reported.

Lucy Jones, 27 June 2017
Carriers spared by benign cat losses

P&C (re)insurers benefited from another quarter of low catastrophe loss levels, with the only large cat events occurring in the US.

Iulia Ciutina, 27 June 2017
Carriers turn to expense management amid soft market conditions

With the current pricing environment leaving little room for P&C (re)insurers to boost their profits, expense management has become an increasingly popular strategy for widening margins.

Iulia Ciutina, 27 June 2017
Shift to standalone cover as cyber top line grows: AM Best

Top US cyber writers shifted from packaged policies towards standalone cover as the segment's top line grew last year, according to AM Best.

David Bull, 27 June 2017
JLT Specialty voted the top political violence broker

JLT Specialty is the broking firm held in the highest regard by political violence underwriters, according to a study of the terrorism insurance market by The Insurance Insider's rankings team.

Bernard Goyder, 27 June 2017
AIG and IBM provide blockchain cover for Standard Chartered

AIG has piloted a multinational blockchain-based policy for Standard Chartered Bank in the first major use of the much-vaunted technology in the global (re)insurance industry.

Matthew Neill, 27 June 2017
Argentine reinsurance market reopens at 1.7

Argentina's Superintendent of Insurance Juan Pazo has detailed plans to reopen his country's market to foreign-owned admitted reinsurers at the 1 July renewals.

Mark Geoghegan, 27 June 2017

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