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Pressure on reinsurance market continues: Willis Re

Returns in the reinsurance market fell in 2015 as rate softening eroded core underwriting margins, according to Willis Re

Iulia Ciutina, 25 April 2016
Q1 results season takes first victim

The first quarter results season inflicted its first hit last week, as Travelers saw its share price decrease by 4.6 percent to $110.84 after reporting earnings that fell short of market expectations.

Iulia Ciutina, 25 April 2016
Late claims payment damages could be reinsured: BLP

Insurers may potentially be able to collect damages from their reinsurers for late payment of claims under the incoming UK Enterprise Bill, according to law firm Berwin Leighton Paisner (BLP).

Catrin Shi, 25 April 2016
ProSight accuses MGA over underwriting

ProSight is suing Rod Fox-backed V3 Insurance Partners after the US managing general agent (MGA) allegedly bound "substandard risks" on the insurer's behalf and "negligently" ignored underwriting guidelines.

Dan Ascher, 25 April 2016
Peter Hearn denies owing Willis Re $2.8mn

Former Willis Re chairman Peter Hearn has denied claims that he owes the reinsurance broker $2.8mn after resigning unexpectedly last year.

Dan Ascher, 25 April 2016
Ruschlikon group to cooperate with LMG

Global (re)insurer and broker accounting and settlement group Ruschlikon has formally started work on the London Market Group (LMG)'s Target Operating Model (Tom) programme, it announced on 20 April.

Winifred Okocha, 25 April 2016
Four vie for Florida insurance commissioner job

Two more candidates have been added to the list of those applying to replace the outgoing Florida insurance commissioner Kevin McCarty.

Winifred Okocha, 25 April 2016
Congress proposes bill for federal catastrophe reinsurer

A bill to establish a programme that will provide reinsurance for state natural catastrophe insurance programmes has been introduced in the US House of Representatives.

Winifred Okocha, 25 April 2016
CIOs more optimistic for 2016: GSAM

The global insurance industry is cautiously optimistic about investment opportunities in 2016, according to a survey from Goldman Sachs Asset Management (GSAM).

Charlie Thomas, 25 April 2016
FLNG platforms to create high exposure risk

The introduction of large and complex floating liquid natural gas (FLNG) vessels into the energy industry will create new high-exposure risks for insurers.

Matthew Neill, 25 April 2016

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