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UK regulator publishes senior manager rules
UK watchdog the Prudential Regulation Authority (PRA) has published its final version of the Senior Insurance Managers Regime (SIMR), which will introduce what experts have described as a far more complex set of rules for insurers.
Winifred Okocha
,
17 August 2015
Global reinsurers defy soft market with solid top line growth
Global reinsurers shrugged off cyclical market pressures during the second quarter, as a number of carriers bolstered their top lines despite ongoing softening of pricing and terms.
Himal Patel
,
17 August 2015
Operating returns sink for Bermudian carriers
Operating returns for Bermudian (re)insurers flattened during the second quarter, as a number of non-cat and smaller cat losses hit the bottom line.
Himal Patel
,
17 August 2015
Bermudians battle for growth against market headwinds
Bermudian carriers booked varied top-line movements during the second quarter, although it was clear that (re)insurance market pressures were felt across the board.
Himal Patel
,
17 August 2015
Short-tail top line grows through acquisition
Short-tail carriers reported contrasting top line movements in Q2 as Validus and RenaissanceRe benefited from recent diversifying acquisitions while Lancashire booked significantly lower gross written premium (GWP), in part because several multi-year contracts were not up for renewal.
David Bull
,
17 August 2015
Returns squeezed at short-tail carriers
Returns for the short-tail (re)insurers slid well below their five-year average in the second quarter as a sharp drop in underwriting profits was only partially offset by an improvement in investment results.
Adam McNestrie
,
17 August 2015
Underwriting margins crunched for short-tail carriers
Underwriting results sharply deteriorated in the second quarter for The Insurance Insider's shrinking composite of short-tail specialists as compounding rate reductions combined with an above-average period for losses.
Adam McNestrie
,
17 August 2015
Hudson launch for Millette
Mike Millette's new investment vehicle, Hudson Structured Capital, is expected to target a range of reinsurance sectors as well as transport structured finance, sister publication Trading Risk reported last week.
Fiona Robertson
,
17 August 2015
News Digest
Quindell names CEO; Montpelier Re loses Pollett; NAIC signs Bermudan MOU; Kuwait Re under review; Indonesia plane found; Catco strengthens; PRA cyber questionnaire; Heritage to write in NC; Integro adds aviation division; Prima Italian quake bond; Torus US appoints CEO; GRP moves into UK retail; Iranian sanctions lifted
Charlie Thomas
,
17 August 2015
Miller loses energy partner to Alesco
Miller Insurance Services partner Simon Clarkson is set to join AJ Gallagher's specialist energy insurance brokerage Alesco, The Insurance Insider has learned.
Adam McNestrie
,
17 August 2015
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