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Alleghany profits rise 10%

Alleghany reported a 10.3 percent increase in operating profits to $144.7mn in the first quarter, as its underwriting result improved by 18.5 percent year-on-year following a strong performance at reinsurance arm TransRe and the group’s primary operations.

09 May 2016
FM Global faces $70mn Chicago warehouse loss

FM Global looks set to pick up a sizeable proportion of an estimated $70mn claim following the total loss of a major warehouse in Chicago last month, Inside FAC revealed earlier today (9 May).

Marcus Alcock, 09 May 2016
US large property cat pricing off 20%

The relentless pressure on US property fac rates has continued apace, with some of the largest cat renewals seeing reductions of 10-20 percent, sister title Inside FAC reported earlier today (9 May).

Marcus Alcock, 09 May 2016
Xchanging CEO: Digital technology key to survival

Digital investment is "not discretionary" if (re)insurers and the wider London market want to survive, Xchanging CEO Craig Wilson has said.

Catrin Shi, 09 May 2016
UK government urges solution for flood-hit SMEs

The UK government is pushing the insurance industry to provide a business interruption insurance solution for small and medium-sized enterprises (SME) affected by floods.

Winifred Okocha, 09 May 2016
Brindle: Businesses will shun London headquarters post-Brexit

Richard Brindle's start-up Fidelis would probably not have been headquartered in London if it had been launched following a UK vote to leave the European Union.

Winifred Okocha, 09 May 2016
Florida renewal suggests further flattening

A further flattening in the trajectory of rate decreases appears likely at the key 1 June Florida renewal as reinsurers try to hold the line despite relatively stable levels of demand, The Insurance Insider can reveal.

David Bull, 09 May 2016
Nationwide renews flat and ends T&Cs push

US insurer Nationwide's $2bn cat programme looks set to renew on expiring terms in a fresh sign that the long-running soft market in US cat is drawing towards a close, The Insurance Insider can reveal.

Adam McNestrie, 09 May 2016
Canadian wildfires to hit cat reinsurance programmes

(Re)insurers are bracing themselves for the impact of wildfires currently raging through the Canadian province of Alberta, as early estimates suggest total insured losses could reach C$9bn ($7bn).

Adam McNestrie, 09 May 2016
A good dirt colour

Some professions really go in for transparency. This even manifests itself in the style of uniform that its practitioners wear.

Mark Geoghegan, 09 May 2016

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