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Florida cat fund approved for $2.2bn private market risk transfer

The Florida Hurricane Catastrophe Fund (FHCF) looks set to take advantage of soft property cat pricing to transfer up to $2.2bn in risk to the private reinsurance market.

David Bull, 24 March 2015
Risk-adjusted airline pricing flat in Q4: Willis

Five percent growth in airline premiums during the fourth quarter of 2014 was cancelled out by exposure increases, leaving loss-struck insurers with risk-adjusted rates in line with the previous year, if not lower, according to Willis

Adam McNestrie, 24 March 2015
Allianz leads Germanwings loss

Allianz is the lead insurer for the Lufthansa insurance programme that will be hit by the Germanwings aircraft that crashed in the Alps today, The Insurance Insider can reveal

Adam McNestrie, 24 March 2015
Florida Cat Fund to request $2bn cover: reports

The state-backed Florida Hurricane Catastrophe Fund (FHCF) is again facing some local political backlash after it submitted a proposal to buy more than $2bn of reinsurance limit for the 2015 hurricane season, according to local media reports.

24 March 2015
Fireman’s Fund to pay $44mn to settle DoJ allegations

Allianz subsidiary Fireman's Fund is to pay $44mn to settle allegations that it sold "ineligible" agriculture policies, forged farmers' signatures and falsified documents

24 March 2015
Jim Giordano retires from Canopius

Industry veteran Jim Giordano is set to retire from Canopius Group after 12 years with the carrier, the firm announced today (24 March).

Jenny Messenger, 24 March 2015
FCA pledges study on big data for insurers

The UK's Financial Conduct Authority (FCA) has declared that it will conduct a market study on how insurers use big data to identify risks and benefits for consumers

Charlie Thomas, 24 March 2015
UK watchdog green lights Xchanging/Agencyport deal

The UK's Competition and Markets Authority (CMA) has provisionally cleared Xchanging's acquisition of Agencyport eight months after the outsourcing firm completed the deal.

Charlie Thomas, 24 March 2015
Apollo and CVC approve Brit takeover

Majority Brit stakeholders Apollo and CVC have unanimously voted in favour of Fairfax's $1.88bn cash offer to acquire the Lloyd's (re)insurer.

Himal Patel, 23 March 2015
The Insider 30

Share price data on The Insurance Insider's universe of P&C (re)insurers

23 March 2015

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