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Upstream energy capacity soars
Underwriting capacity for upstream energy risks has increased by 75 percent in the last half decade, according to a Willis report that warned that 2015 could be "sink or swim" for some upstream carriers.
09 April 2015
Onshore liability faces further rate reductions: Willis
Renewal pricing for both international and North American onshore liability policies is under considerable downward pressure in 2015, according to Willis's Natural Resources Market Review, published today (9 April).
09 April 2015
OneBeacon available at 1.6x-1.7x book
White Mountains is telegraphing the availability of OneBeacon to potential acquirers but is looking for a handsome valuation in the region of $1.7bn-$1.8bn for the listed US specialty insurer it controls, The Insurance Insider understands.
Adam McNestrie
,
09 April 2015
Downstream energy rates lowest in 20 years: Willis
Record capacity levels have forced average rates in the downstream energy sector down to their lowest levels in 22 years, Willis said in its Natural Resources Market Review, published today (9 April)
Jenny Messenger
,
09 April 2015
OneBeacon shares up 6% on sale speculation
Shares in White Mountains-controlled OneBeacon closed up 6 percent yesterday (8 April) after reports suggested that the US specialty insurer was considering a sale
Charlie Thomas
,
09 April 2015
Ace hit by Australian mis-selling scandal
Ace is the subject of a regulatory inquiry into "serious allegations" that its Australian subsidiary, Combined Insurance, has been mis-selling accident and health policies in the country
Dan Ascher
,
09 April 2015
US winter insured losses of $2.3bn are lower than last year: Munich Re
The long and cold US winter of 2014/15 is actually estimated to have generated a lower level of insured losses than 2013/14, according to Munich Re.
David Bull
,
09 April 2015
Insurers must consider risks of UK exit from EU: AM Best
Insurers based in the UK writing material amounts of European business must consider the risks of an EU exit or a renegotiation of the country's position in the single market, according to AM Best.
David Bull
,
09 April 2015
Irda issues draft regulation for foreign reinsurers
India's Insurance Regulatory and Development Authority (Irda) has issued draft regulation for foreign reinsurers looking to open a branch office in the country.
08 April 2015
Fitch and Moody's give new Towergate B ratings
Ratings agencies Moody's and Fitch have rated recapitalised UK broker consolidator Towergate's new holding company TIG Finco B3 and B- respectively, while issuing a warning about the broker's growth limitations.
08 April 2015
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