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Willis Re launches $400mn casualty cat facility

Willis Re has unveiled a syndicated reinsurance facility to provide protection for insurers against catastrophic and systemic loss accumulations arising from liability portfolios.

Charlie Thomas, 13 May 2015
Novae top line soars by a third

London-listed Lloyd's carrier Novae has reported a 32 percent increase in gross written premiums (GWP) for the first quarter of 2015, taking the total to £257.6mn.

Charlie Thomas, 13 May 2015
Winners and losers to emerge from M&A wave: Ursano

The current wave of M&A in the P&C (re)insurance sector will create winners and losers as companies consolidate to gain greater scale, as well as opportunities for those that stay out of the fray, according to TigerRisk president Tony Ursano.

David Bull, 13 May 2015
Regulators should pay more attention to ILS influx: Leonardi

Regulators should be paying greater attention to the rapid growth of alternative capital in the (re)insurance sector, according to former Connecticut insurance commissioner Tom Leonardi.

David Bull, 12 May 2015
US property insurance pricing in freefall: Insider New York

The US property insurance market is seeing rates fall sharply as excess capacity and a lack of major losses combine to produce a highly competitive environment within an otherwise stable overall domestic P&C marketplace.

Mark Geoghegan, 12 May 2015
Liberty Mutual profits fall by a fifth

Liberty Mutual has reported a $119mn reduction in its pre-tax operating profits for the first quarter of 2015, bringing the total figure down by 17.7 percent to $553mn compared with the prior-year quarter.

Jenny Messenger, 12 May 2015
PartnerRe board tried to defend Axis deal ‘at all costs’

In a scathing proxy filing, would-be PartnerRe acquirer Exor has accused the target company's board of obstructing its attempts to negotiate a superior deal for shareholders and clinging to its original deal with Axis Capital.

Adam McNestrie, 12 May 2015
Reinsurance returns could rebound: Hendrick

The reinsurance market could rebound as carriers come to realise that they are falling below their targeted cost of capital, according to XL Catlin reinsurance CEO Greg Hendrick.

Himal Patel, 12 May 2015
Towergate appoints former regulator as chairman

Former regulator John Tiner has been unveiled as the new chairman of UK broker aggregator Towergate.

Dan Ascher, 12 May 2015
Investor interest shows industry growth potential: Moczarski

The flurry of interest in the insurance industry from outside investors demonstrates the sector's attractiveness and long-term growth potential, according to Guy Carpenter president and CEO Alex Moczarski

David Bull, 12 May 2015

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