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Amtrak subsidiary enters cat bond market
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.
Fiona Robertson
,
21 September 2015
Zurich to drop cat bond
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.
Fiona Robertson
,
21 September 2015
Japanese flood bill rises
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.
Catrin Shi
,
21 September 2015
Guy Carpenter continues fac talent raid
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.
Catrin Shi
,
21 September 2015
News digest
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...
Charlie Thomas
,
21 September 2015
Zurich aims for new fac facility at 1.1
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).
Adam McNestrie
,
21 September 2015
Zurich latest to merge marine and energy treaties
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.
Adam McNestrie
,
21 September 2015
AmTrust closes on Republic acquisition
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.
Adam McNestrie
,
21 September 2015
CEO exit places The Hanover in M&A crosshairs
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.
Adam McNestrie
,
21 September 2015
Endurance to enter aviation with facility deals
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.
Adam McNestrie
,
21 September 2015
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