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Focus on risk differentiation at reinsurance renewals

Reinsurers are increasingly attempting to differentiate between cedants by quality as the technical floor approaches on pricing, industry executives said today.

David Bull, 10 May 2017
Light cat losses offset creeping attritional property loss ratios

A significant catastrophe loss could expose an underlying lack of profitability in the property insurance market, an industry executive has warned.

Dan Ascher, 09 May 2017
Insurers are too willing to accept failure: Greenberg

Former AIG chairman and CEO Maurice "Hank" Greenberg has issued a stern message to the upper echelons of the insurance industry, insisting that senior management are too quick to accept failure from their underwriters.

Dan Ascher, 09 May 2017
Industry can find growth in uncovered risk: Andersen

The insurance industry can use its existing capabilities to underwrite corporate and government-retained risk that has previously left the private market, generating tens of billions of new premium dollars in the process, according to Aon Benfield CEO Eric Andersen

David Bull, 09 May 2017
Markerstudy placed up for sale

Gibraltarian motor insurer Markerstudy is exploring a sale as a tightening of the regulatory regime in the British overseas territory and the change to the Ogden rate put pressure on its model, The Insurance Insider can reveal

Adam McNestrie, 09 May 2017
Barbican hires Wiffen from XL Catlin for energy team

Barbican is continuing to expand its energy team under the leadership of recently arrived divisional head Olivier Decombes.

Laura Board, 09 May 2017
AmTrust MGA network put up for sale

Troubled US insurance giant AmTrust is looking to sell a 51 percent stake in its MGA network and warranty administration business to a private equity buyer, according to CEO Barry Zyskind.

Bernard Goyder, 09 May 2017
Aon confirms $100mn charge from headcount reduction

Aon has reported a $103mn charge in the first quarter related to workforce reductions, 24 hours after The Insurance Insider revealed that Aon was planning to unveil a programme to cull its senior ranks .

Charlie Thomas, 09 May 2017
Cat bond issuance to hit $8bn in 2017: Aon

Aon Securities reiterated its forecast for $8bn of new cat bond deals to be issued in 2017, which would make it the insurance-linked securities (ILS) market's biggest year since 2014

Sofia Geraghty, 09 May 2017
Bermuda first quarter returns continue to slide

First quarter operating returns on equity shrank for the fourth consecutive year among Bermudian (re)insurers, with one-off Ogden impacts and elevated cat losses eroding profits.

Iulia Ciutina, 09 May 2017

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