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Reinsurers showed discipline at 1.1: Peignet

The 1 January renewals showed signs of "reasonably good discipline" from lead reinsurers, according to Scor Global P&C CEO Victor Peignet.

Catrin Shi, 07 February 2017
‘Perfect storm’ hurting offshore market: IUMI

The combination of low oil prices, strong competition and alternative capital is creating a "perfect storm" in the offshore energy market, according to the International Union of Marine Insurers (IUMI).

Matthew Neill, 07 February 2017
AJG launches $200mn manufacturer cyber risk product

AJ Gallagher (AJG) has developed a cyber insurance product designed to protect manufacturers

Catrin Shi, 07 February 2017
Address Hotel fire loss climbs to $330mn

Emaar Properties, the property manager for the Address Downtown Hotel complex in Dubai, has signed an agreement with its insurer to recover 1.22bn dirhams ($330mn) in relation to a fire at the site in December 2015, it announced today.

Charlie Thomas, 07 February 2017
OneBeacon Q4 profits dip as underwriting improves

OneBeacon reported a near-22 percent decline in fourth-quarter operating profits as investment losses eroded earnings at the White Mountains-backed group.

Laura Board, 07 February 2017
Scor secures 5.4% premium growth at 1.1

Scor expanded its renewal book by 5.4 percent to EUR3.2bn ($3.4bn) of premium at 1 January, it announced today.

Catrin Shi, 07 February 2017
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terrorism insurance scheme Pool Re today suggested the insurance sector's definition of a terrorist attack was outdated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

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