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Besso operating profits fall 8.6%

Independent broker Besso Insurance Group has recorded an 11 percent increase in turnover to £32.3mn ($49.9mn) for the year ended 31 December 2014.

Winifred Okocha, 19 October 2015
Lloyd’s grants 36-month binding authorities

Lloyd's managing agents may enter into binding authority agreements of up to 36 months for the 2016 year of account, the Corporation has ruled.

Catrin Shi, 19 October 2015
Dual CEO Doyle to create new start-up

Shane Doyle has left his role as CEO of Dual after two years to start an independent venture, the firm announced.

Winifred Okocha, 19 October 2015
Charman berates market over ice-dam claims

US insurers attempting to railroad reinsurers into paying aggregate claims under per-occurrence treaties are not fulfilling their cedant obligations and need to be resisted, Endurance CEO John Charman has told The Insurance Insider.

Adam McNestrie, 19 October 2015
Fitch: elusive pricing floor leaves reinsurers little option

Ratings agency Fitch believes that while Baden-Baden negotiating stances might appear tougher this year, fierce competitive pressure means a pricing floor has yet to be reached.

Charlie Thomas, 19 October 2015
Guy Carp predicts possible adverse reserve development in US

Reinsurance broker Guy Carpenter has warned that US carriers may be forced to strengthen reserves for accident years in the "near future" as the reserving cycle threatens to turn.

Dan Ascher, 19 October 2015
Greater savings available as ‘perfect storm’ looms

Combined coverages and multi-year placements will "undoubtedly" continue as a buyer's market persists at the 1 January renewals, according to Guy Carpenter's CEO of Emea Nick Frankland.

Mark Geoghegan, 19 October 2015
Scale and relevance still the drivers as M&A set to continue

The current wave of M&A activity is unlikely to end as reinsurers continue to seek scale and relevance to clients, an audience of over 500 senior executives heard at the Guy Carpenter 2015 Baden-Baden Reinsurance Symposium yesterday (18 October).

Mark Geoghegan, 19 October 2015
China Re IPO demonstrates Asian investor interest

State-owned China Re is set to raise $2bn from investors after its Hong Kong IPO priced at the upper end of expectations, in a further show of the strong appetite for (re)insurance risk from Asian investors.

Fiona Robertson, 19 October 2015
Marketform appoints Reith in statement of intent

New York-listed insurer American Financial Group (AFG) has underlined its commitment to turning around the performance of its bottom-quartile Lloyd's business Marketform by bringing in Ascot founder Martin Reith as CEO.

Adam McNestrie, 19 October 2015

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