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US commercial rates flat in June: MarketScout

Pricing in US commercial P&C rates remained flat for the fourth month in a row as insurers opted to "do nothing", according to the latest MarketScout report

Charlie Thomas, 06 July 2015
African Risk Capacity cat pool to expand to $190mn+

African Risk Capacity (ARC), Africa's first parametric catastrophe insurance pool, is to grow to around $192mn, with over $70mn ceded to the reinsurance market through Willis Re

Karina Whalley, 06 July 2015
Flood Re to secure £2.1bn in reinsurance

The UK's state-backed flood reinsurer Flood Re has begun the process to procure £2.1bn of reinsurance protection.

Winifred Okocha, 06 July 2015
Tax burden worries CEOs: PwC

Almost two thirds (64 percent) of insurance CEOs claim that an increasing tax burden is threatening their growth prospects, according to a new report from PwC

Charlie Thomas, 06 July 2015
Markel takes Travelers’ PI head

Specialty insurer Markel International has appointed David Sawyer as senior underwriter and head of professional indemnity in London.

Dan Ascher, 06 July 2015
Thiele sought Partner CEO job before turning on Axis deal

The PartnerRe board rejected a request from former CEO Patrick Thiele to resume his old job and work on the Axis integration for more than $6mn before he subsequently slated the deal.

Adam McNestrie, 06 July 2015
Reinsurance ‘no longer very lucrative’: Jain

Ajit Jain, the leader of Berkshire Hathaway's reinsurance division, has declared that reinsurance business is "no longer very lucrative".

Charlie Thomas, 03 July 2015
Ace-Chubb faces 33% chance of ‘integration difficulties’: S&P

Standard and Poor's (S&P) and AM Best have both flagged up the potential for integration issues following the announcement that Ace has agreed to acquire Chubb in a $28.3bn deal.

Adam McNestrie, 03 July 2015
Moody’s places Cooper Gay ratings on review for downgrade

Moody's has placed its ratings on Cooper Gay Swett & Crawford on review for downgrade, the firm said yesterday (1 July).

Himal Patel, 02 July 2015
Insurers worried by alternatives SII data

Asset managers will be ready to provide underlying data for insurers' Solvency II reporting needs, but there remain strong industry concerns about whether alternative managers will be willing to do so, according to a survey from State Street

Charlie Thomas, 02 July 2015

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