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Safepoint launches debut bond

Florida insurer Safepoint Insurance Company is sponsoring its first cat bond, Manatee Re, according to sources.

Fiona Robertson, 16 March 2015
Allstate tests boundaries with 7-year cat bond

Allstate has launched a seven-year Sanders Re cat bond transaction as it seeks to push the boundaries of insurance-linked securities (ILS) investor appetite, sister publication Trading Risk reported last week.

Fiona Robertson, 16 March 2015
XL Catlin leadership team: the full rundown

Over recent weeks The Insurance Insider has seen a number of leaked memos from XL Catlin insiders detailing the forthcoming leadership structure for the new insurance powerhouse.

Dan Ascher, 16 March 2015
Deteriorating results put Alas in the spotlight

AM Best's downgrade of the Attorney's Liability Assurance Society (Alas Inc) at the end of last month has brought the US legal risk retention group into focus amid deteriorating underwriting results compounded by declining investment yields.

David Bull, 16 March 2015
Amwins-Nephila facility reveals evolving distribution model

Amwins' tie-up with Nephila Capital will add significant capacity to the US wholesaler and managing general agency (MGA)'s all-risk property offering to retail brokers, as well as further evolving its distribution model.

David Bull, 16 March 2015
Zurich leads exposed Petrobras D&O cover

Zurich leads the $250mn directors' and officers' (D&O) cover for Brazilian oil giant Petrobras with a $15mn layer, The Insurance Insider understands.

Charlie Thomas, 16 March 2015
Icat upsizes cat cover with flexible structure

Lloyd's US property cat specialist Icat is scaling up its reinsurance programme with an almost doubling of its first event limit to $500mn, significant second event protection and a slug of available third event cover, The Insurance Insider can reveal.

David Bull, 16 March 2015
Zurich likely to secure 13-15% rate cut

Global cedant Zurich is expected to seek a major rate reduction when it releases firm order terms to the reinsurance market for the renewal of its 1 April catastrophe programmes, The Insurance Insider understands.

Adam McNestrie, 16 March 2015
Aviva continues run of soft UK cat renewals

Insurance giant Aviva looks set to secure a 15 percent rate reduction on its main UK cover when it renews on 1 April, The Insurance Insider can reveal. Normal 0 false

Adam McNestrie, 16 March 2015
Marsh cyber insurance business goes viral

The number of US-based Marsh clients purchasing standalone cyber insurance increased by 32 percent last year compared to 2013, according to a cyber trends report published by the broking heavyweight last week (12 March).

Jenny Messenger, 16 March 2015

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