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Kingstone buys more limit in restructured cover

Kingstone Insurance bought more cat limit at a significantly lower rate-on-line and restructured its personal lines quota share with Swiss Re and Maiden Re as it sought to retain more profitable business and strengthen its defenses against a major loss event.

David Bull, 11 July 2015
Florida cat rates index down 8.5% at 1 June: JLT Re

Florida property cat programmes renewed down in the high single digits at 1 June, according to reinsurance broker JLT Re.

David Bull, 10 July 2015
Vote delay as Axis-Partner work on improved deal

The crucial shareholder vote for the proposed tie-up between Axis and PartnerRe has been pushed back by two weeks to 7 August as the two companies work to enhance the terms of their agreement

Himal Patel, 10 July 2015
UK insurers asked to stress-test disaster scenarios

The Prudential Regulation Authority (PRA) has called on UK insurers to calculate loss estimates for 11 catastrophe events as part of a drive to ensure they are sufficiently capitalised

Winifred Okocha, 10 July 2015
Buyers’ market persists in aviation war: Carman

Despite hull aviation war losses amounting to around 10 times premium income a buyers' market means rates won't increase in the near term, according to veteran aviation war leader Bruce Carman

Charlie Thomas, 10 July 2015
Berkshire Hathaway adds to US med mal insurer collection

Berkshire Hathaway's dedicated healthcare liability unit MedPro Group has announced a deal to buy Oklahoma-based Plico from the Oklahoma State Medical Association in an all-cash transaction.

Winifred Okocha, 10 July 2015
Ergo considers axing Greek acquisition

Munich Re's insurance subsidiary Ergo has said it is considering terminating its previously announced EUR90mn acquisition of Greek bancassurer ATE Insurance from Piraeus Bank.

Dan Ascher, 10 July 2015
Java ash cloud leads to 100 flight cancellations

Five airports in Indonesia have been closed and more than 100 flights cancelled after Mount Raung began erupting in East Java last week.

Charlie Thomas, 10 July 2015
Dual enters agricultural market

Hyperion's managing general agent (MGA) Dual is to enter the UK agricultural market with the formation of a new division to service the sector, it announced today (10 July).

Dan Ascher, 10 July 2015
Willis Re’s South Africa CEO resigns

Iain Macindoe, CEO of Willis Re's South African business, is the latest of a slew of senior departures at the global reinsurance broker, The Insurance Insider can reveal

Dan Ascher, 09 July 2015

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