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National General to pay $315mn for Californian carrier

National General has agreed a deal to buy California-based P&C underwriter Century-National for a consideration expected to total $315mn.

David Bull, 25 January 2016
News digest

Price Forbes-Highbridge completes; Gard appoints chief claims officer; Securities class actions up; AM Best maintains Zurich ratings; Laing made Aon Benfield Fac CEO

25 January 2016
Paris attacks a ‘game-changer’ for contingency market

The terrorist attacks on Paris last year have fundamentally changed how insurers operate in the contingency and terrorism space, according to Robertson Taylor CEO John Silcock.

Charlie Thomas, 25 January 2016
Top 10 ILS funds expand 7% in 2015

The top 10 ILS funds have grown their assets under management (AuM) to $44bn - up by 4 percent from six months earlier and 7 percent from January 2015, according to the latest Trading Risk investor survey.

Fiona Robertson, 25 January 2016
AOB water claims driving up FL homeowners’ rates: Citizens

Florida Citizens has warned that if a surge in water loss claims continues unchecked non-wind rates for most of its policyholders will continue to increase in line with the 10 percent annual limits imposed by the state’s “glide path” law.

David Bull, 25 January 2016
XL achieves savings on $300mn Galileo Re cat bond

XL managed to trim 50 basis points (bps) off the targeted insurance-linked premium on its new $300mn Galileo Re cat bond, sister publication Trading Risk reported last week.

Fiona Robertson, 25 January 2016
Aspen buys into crop appeal despite Endurance comments

Aspen's purchase of AgriLogic Insurance Services comes less than two years after it described US crop insurance business as "troubled, low margin, recently volatile and exposed to major risks".

David Bull, 25 January 2016
Lloyd’s looks to tighten up new entrant framework

Lloyd’s is close to unveiling plans to refresh its new entrant framework after initiating a market-wide review in the face of criticism.

Adam McNestrie, 25 January 2016
Aspen continues to leak cyber talent

Aspen has lost the last of its cyber underwriters in London weeks after the head of the team departed, The Insurance Insider understands.

Catrin Shi, 25 January 2016
Aspen in further Liberty raids

Aspen has continued its raids on Liberty International Underwriters (LIU) as it builds out its insurance platform in the US and internationally.

David Bull, 25 January 2016

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