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Pool Re CEO argues for new ‘terror’ definition

The head of UK government-backed terrorism insurance scheme Pool Re today suggested the insurance sector's definition of a terrorist attack was outdated

Laura Board, 07 February 2017
AJG acquires Lewis & Associates

Acquisitive broker Arthur J Gallagher (AJG) has purchased California-based retail broker Lewis & Associates.

Matthew Neill, 07 February 2017
RenRe expands Upsilon retro vehicle

RenaissanceRe reported a $92mn net increase in the size of its retro-focused Upsilon collateralised funds at 1 January, as CEO Kevin O'Donnell said new demand helped create an opportunity for the reinsurer to grow its book.

Fiona Robertson, 07 February 2017
Thirsty cat bond market could challenge records

Cat bond market conditions are extremely favourable to sponsors and it would not be surprising to see a record volume of deals this year, Swiss Re Capital Markets said in its annual insurance-linked securities (ILS) review.

Fiona Robertson, 07 February 2017
Hannover adds aggregate deal to expanded retro covers

Hannover Re placed a new EUR100mn ($108mn) aggregate retrocession cover at the 1 January renewals as it also expanded the size of its K-Cession sidecar.

Fiona Robertson, 07 February 2017
The Insider 50

Share price data on The Insurance Insider's universe of P&C (re)insurers

Iulia Ciutina, 07 February 2017
Insider 50 outperforms again

The Insurance Insider's index of (re)insurance stocks again outperformed the wider European and US markets last week as investors reacted to the first fourth-quarter earnings reports

Iulia Ciutina, 07 February 2017
Names-backed syndicates average 11% return for 2014 YoA

Returns for the 2014 year of account (YoA) at Names-backed syndicates are expected to be better than forecast due to increased reserve releases, lower loss activity and a weakened sterling, according to research by Argenta.

Catrin Shi, 07 February 2017
Mark-to-market losses squeeze book values in Q4

There was a spike in US bond yields in the three months to 31 December triggered by the presidential election, which translated into mark-to-market losses for P&C (re)insurers.

Iulia Ciutina, 07 February 2017
Litigation ongoing over $1.3bn SBM claim

London market carriers are embroiled in a legal fight over a $1.28bn claim on a construction all risks policy in relation to physical damage at a North Sea mobile offshore production unit (MOPU) in 2012

Matthew Neill, 07 February 2017

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