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  • Xchanging said it hoped secondary "trades" of reinsurance contracts would become an integral facility of its X-gRm platform after reinsurance broker TigerRisk announced it had completed the first such transaction.
  • Barbican will continue to cede a 15.4 percent whole-account quota share to Credit Suisse Asset Management in 2016 through the fund manager's new Arcus Syndicate.
  • A review of the US directors' and officers' (D&O) market by Fitch Ratings has predicted that rates will continue to decline in 2016, given the headwinds of plentiful capacity and stable loss levels.
  • Aviation underwriters experienced a relatively muted first quarter for claims in 2016, as loss activity fell substantially compared to the same period last year.
  • Women have a seat on less than half of the executive boards for companies in the Lloyd's market, a new survey from the Corporation's diversity division has found.
  • Hurricane forecasters are split on the outlook for the 2016 season amid uncertainty over a potential transition to a La Niña weather pattern.
  • With first quarter earnings disclosures around the corner, market expectations have formed of bottom lines that will reflect both low catastrophe levels and rates that are contracting further.
  • Swiss Re is nearing a deal with Brazilian insurer Bradesco Seguros to create a large risks joint venture, according to local media reports.
  • Novae builds cyber; Capsicum Re confirms marine and energy duo; ArgoGlobal appoints NED; Early Ecuador quake estimates predict low losses; CIRC to name SIIs; Cyber hire at Aspen; PPL demos announced; TigerRisk recruits Kusche; Lloyd's signs Dubai framework ; TMK expands into property owners' insurance; Chubb Tempest Re appoints Lee-Amies; Fitch issues Chinese insurer warning; CCRIF lands major backers; IG increases Iran fall-back limit; UK motor rate rises stall; HSB approved for drone use; Comp
  • The 7.0 magnitude earthquake that struck the Kumamoto prefecture of Japan in the early hours of Saturday morning (16 April) local time has forced the closure of factories belonging to Toyota, Honda, Mitsubishi and Sony.