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London losing ground as reinsurance hub: LMG
The London market is losing ground as a centre for global reinsurance, according to the latest incarnation of the London Matters report, released this week (9 May).
Bernard Goyder
,
09 May 2017
JP Morgan Chase buys AIG-led $600mn cyber policy
AIG is the lead underwriter on what is thought to be the world's largest cyber insurance tower, which was placed by Willis Towers Watson for US banking giant JP Morgan Chase, The Insurance Insider can reveal.
Catrin Shi
,
09 May 2017
First party cyber cover evolves in fragmented market
As ever-bigger towers of cyber capacity are assembled to address the needs of an evolving client base, the product's longer-term future and where first party risk should be underwritten remains uncertain.
David Bull
,
09 May 2017
Live market pressures create run-off bonanza: O’Farrell
The run-off market is entering a new era of opportunity as live companies confront market headwinds and the threat of disruption, Premia Holdings CEO Bill O'Farrell has said.
Catrin Shi
,
09 May 2017
Twia cuts back core cat cover
The Texas Windstorm Insurance Association (Twia) has significantly pared back its core cat reinsurance ahead of the 2017 hurricane season, The Insurance Insider can reveal.
David Bull
,
09 May 2017
Traditional limit up more than 50% on Citizens placement
The traditional reinsurance limit purchased by Florida Citizens will rise by $370mn this year despite an overall reduction in its risk transfer programme, as the cover was restructured at the expense of the cat bond market.
David Bull
,
09 May 2017
Faraday CUO Rayner to leave
Faraday stalwart Mark Rayner has resigned after more than 25 years with the Berkshire Hathaway-owned Lloyd's syndicate, The Insurance Insider can reveal.
Adam McNestrie
,
09 May 2017
Wells Fargo considers disposal of broking unit
US bank Wells Fargo is mulling a sale of its insurance broking business in a deal which could net the bank around $2bn, The Insurance Insider understands.
Matthew Neill
,
09 May 2017
Insider View: PDvsa account move
There is never a good time to lose a major account. But JLT's loss of PDvsa comes at the worst possible time.
Adam McNestrie
,
09 May 2017
Alesco and Property Re claim PDvsa account
Local broker Property Re and AJ Gallagher's Alesco have won back the lucrative energy account of Venezuelan state-owned oil company PDvsa, The Insurance Insider understands.
Adam McNestrie
,
09 May 2017
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