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No end to commercial rate softening in Q2: Marsh

The global commercial insurance market saw its ninth consecutive quarter of rate softening in Q2, although some specialised lines are still holding their ground, according to a new report by broker Marsh.

Catrin Shi, 17 August 2015
Turkish cat pool limits Bosphorus bond to $100mn

The Turkish Catastrophe Insurance Pool (TCIP) will close its Bosphorus cat bond on target at $100mn, after having earlier indicated it might expand the bond to $200mn.

Fiona Robertson, 17 August 2015
State National reduces Nephila projected premium

State National expects that Nephila will use less of its capacity in 2015 than previously forecast, as it reported $3.2mn in ceding fee income over the second quarter from the fund manager

Fiona Robertson, 17 August 2015
Catco says full-year return should top 2014

Catco's London-listed Catco Reinsurance Opportunities Fund has delivered a 4.47 percent increase in net asset value during the first half of the year, compared to 4.3 percent in H1 2014.

Fiona Robertson, 17 August 2015
Wells Fargo crop business offers diversification lifeline

The auction of Wells Fargo's $600mn-surplus US crop insurer could offer Bermudian carriers diversification that will help them fight against dwindling reinsurance returns and narrowing global specialty insurance margins.

Charlie Thomas, 17 August 2015
Australian government considers cyclone pool

The Australian government is considering creating a reinsurance pool as a way to reduce home, contents and strata insurance for cyclone-prone regions in Northern Australia.

Charlie Thomas, 17 August 2015
Willis Re takes SVPs from Guy Carp as talent war rages on

Willis Re has hired Keith Lippmann and Brian Flasinski from Guy Carpenter's Philadelphia office just weeks after being raided by its larger rival in the city for a trio of senior executives, The Insurance Insider can reveal.

David Bull, 17 August 2015
Validus to support PacRe after ratings dropped

Validus can front business for PacRe to allow the hedge fund reinsurer to access business without a rating, CEO Ed Noonan told The Insurance Insider.

Fiona Robertson, 17 August 2015
Lloyd’s eyes Tanzanian insurance licence

Lloyd's is close to making an application for an insurance licence in Tanzania, following a market group tour of east Africa, The Insurance Insider has learned.

Catrin Shi, 17 August 2015
Chattock and Hopwood among Montpelier departures

Montpelier Re's Lloyd's CEO Richard Chattock and head of global property treaty Paul Hopwood are among the senior departures from the Bermudian following its $1.9bn acquisition by Endurance, The Insurance Insider can reveal.

David Bull, 17 August 2015

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