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JLT Re predicts Florida cat rate reductions of up to 10%
JLT Re has forecast Florida risk-adjusted property catastrophe rate reductions of up to 10 percent in the 1 June renewals as overcapacity soaks up increases in demand.
29 April 2015
S&P lowers Bermuda credit rating
Standard and Poor's (S&P) has lowered Bermuda's credit rating and unsecured debt rating to A+ from AA- following continued "weak economic performance".
Jenny Messenger
,
29 April 2015
Roscoe to head Beazley’s European broker relations
Listed Lloyd's carrier Beazley today (29 April) announced that Will Roscoe has been appointed to lead the firm's London and European broker relations.
Jenny Messenger
,
29 April 2015
HCC top line up 11% in Q1 following crop acquisition
US specialty insurer HCC reported a 10.6 percent increase in gross written premiums (GWP) during the first quarter of 2015, driven by its $110mn acquisition of Producers Ag Insurance Group (ProAg) last September.
Himal Patel
,
29 April 2015
Pool Re appoints Tulloch as non-exec
UK state-backed terrorism reinsurer Pool Re has appointed Maurice Tulloch as a non-executive director.
Dan Ascher
,
29 April 2015
IAG raises cat loss estimate to A$1bn
IAG said it expected to bear a net A$1bn of catastrophe claims in the financial year ending 30 June 2015, up from its previous estimate of A$700mn.
Fiona Robertson
,
29 April 2015
Scor confirms Japanese freeze-out at 1 April
Scor today (29 April) confirmed that it was frozen out by one of the big-three Japanese cedants during the Asia-centric 1 April 2015 renewals as it reported average price decreases of 1.2 percent.
Himal Patel
,
29 April 2015
UK watchdog formally approves Xchanging/Agencyport deal
The UK Competition and Markets Authority (CMA) has formally approved Xchanging's acquisition of Agencyport nine months after the outsourcing firm completed the deal.
Dan Ascher
,
29 April 2015
Scor confirms Japanese freeze-out at 1 April
Scor today (29 April) confirmed that it was frozen out by one of the big-three Japanese cedants during the Asia-centric 1 April 2015 renewals as it reported average price decreases of 1.2 percent.
Himal Patel
,
29 April 2015
RenRe joint venture DaVinci raises $150mn debt
RenaissanceRe sidecar DaVinci Re Holdings is set to raise $150mn from a private debt offering of senior notes, which it said would be used to repay a $100mn loan from its sponsoring reinsurer.
Fiona Robertson
,
29 April 2015
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