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  • Amtrak subsidiary Passenger Railroad Insurance has begun marketing a $200mn cat bond in what is only the second insurance-linked securities transaction to focus on storm surge risk, sister publication Trading Risk reported last week.
  • Global carrier Zurich will not renew its Lakeside Re cat bond when it matures at year-end, as it plans to shift the focus of its reinsurance buying away from regional covers and towards global protections.
  • Japanese insurers are facing a growing claims bill after heavy storm activity in the country during August and September led to severe flooding and landslides.
  • Guy Carpenter has hired a further five staff from Aon Benfield as it continues the aggressive build-out of its facultative reinsurance team, as the broker looks to double its revenues from fac reinsurance over the next five years.
  • Cyber hires; California fires; R&Q de-emption; Nuclear syndicate increases capacity; Halsband joins Drinker, Biddle & Reath; Cyber consortium launch; Aon's magnificent 7; AmTrust appoints Attwood; HK insurance watchdog...
  • The trend for soft treaty capacity to absorb business previously ceded to the facultative market is set to continue with a new fac facility being planned by global insurer Zurich, sister title Inside FAC reported today (21 September).
  • Global carrier Zurich is set to become the latest cedant to consolidate its marine and upstream energy treaties as it looks to streamline its reinsurance buying at 1 January, The Insurance Insider has learned.
  • AmTrust could increase its top line by up to a fifth via the acquisition of Texas-based Republic Group, The Insurance Insider revealed last week.
  • US and Lloyd's insurer The Hanover is widely being seen as vulnerable to a takeover after its CEO Fred Eppinger unexpectedly announced last week that he would step down as soon as a successor can be found.
  • Bermudian carrier Endurance is set to enter the aviation insurance sector by writing two broker facilities in the London market, The Insurance Insider can reveal.