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Price and terms soften as US property competition heats up
Softening has continued apace across broad swathes of the US property insurance market in 2015 as underwriters and brokers prepare to negotiate through the most congested part of the year for renewals.
David Bull
,
06 May 2015
Starr among top 10 Ace reinsurers
Starr International is one of multinational cedant Ace's 10 biggest current reinsurers, according to the investor presentation for its recently launched captive reinsurer ABR Re.
Adam McNestrie
,
06 May 2015
Everglades II prices towards upper end of revised guidance range
The latest Everglades Re cat bond from Florida Citizens Property Insurance has moved towards the top of its revised pricing forecast range and upsized to $300mn from a $250mn target, sources told sister publication Trading Risk
Winifred Okocha
,
06 May 2015
Ironshore-Meadowbrook merger not on cards
Fosun International will not force Ironshore to merge with US insurer Meadowbrook when the Chinese conglomerate closes its $1.84bn buyout of the remainder of the Bermuda-domiciled company, according to Ironshore Inc CEO Mitch Blaser.
Adam McNestrie
,
06 May 2015
ILS fund competition will grow capital market footprint: WCMA
Competition among insurance-linked securities (ILS) fund managers is leading to increasingly innovative products that will help grow the market, according to Willis Capital Markets & Advisory (WCMA)
Winifred Okocha
,
06 May 2015
Chubb renews close to 15% down
Major insurer Chubb secured a rate reduction of close to 15 percent when it renewed its US cat treaty at 1 April, The Insurance Insider understands.
Adam McNestrie
,
06 May 2015
Loss-struck Northeast carriers to buy lower down
Fresh reinsurance demand could emerge at the mid-year renewal from a clutch of Northeast-focused regional carriers whose retentions were hit by another round of US winter storm losses this year.
David Bull
,
06 May 2015
Mt Logan Re reaches $750mn AuM
Everest Re raised $60mn of capital for its sidecar Mt Logan Re at 1 April, expanding total assets under management (AuM) to $750mn, sister publication Trading Risk reported
Winifred Okocha
,
06 May 2015
Lloyd’s platforms deliver varied results
The Lloyd's segments of listed P&C (re)insurers have so far delivered mixed results for the first quarter of 2015, both on the top line and in terms of underwriting performance
Himal Patel
,
06 May 2015
Brandon for PartnerRe top job?
Alleghany president Joe Brandon has been linked with the vacant CEO role at in-play PartnerRe if the Agnelli family successfully beats off competition from Axis to take the company out.
Adam McNestrie
,
06 May 2015
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