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Spreading soft market offers no respite for reinsurers

The 1 January renewals saw rate softening almost across the board, with the UK motor market that was flat to +10 percent rather absurdly talked about as the hardest market in the world.

Adam McNestrie, 13 January 2015
Goldilocks and the three reinsurers

Let me tell you a story. The world is full of things that will certainly happen one day, but which probably won't occur in our lifetimes

Mark Geoghegan, 13 January 2015
Berkshire swallows QBE agg treaties whole

Berkshire Hathaway has written 100 percent of QBE's global catastrophe aggregate and risk aggregate treaties, cutting out the rest of the market, The Insurance Insider can reveal

Adam McNestrie, 13 January 2015
January renewal foreshadows long soft market

The 1 January renewal gave reinsurers a sense of collective déjà vu as hopes of improved conditions were confounded by a near re-run of the 2014 renewals, with much of the industry now resigned to a long soft market

Adam McNestrie, 13 January 2015
Hastings-Bass appointed BMS non-exec chairman

Market veteran John Hastings-Bass has been appointed non-executive chairman and director of BMS Group, the Minova-owned broker announced today (13 January)

Jenny Messenger, 13 January 2015
US and Bermudian reinsurer RoEs to slip into single-digits in 2015: AM Best

Rating agency AM Best has predicted that challenging market conditions will squeeze US and Bermudian reinsurers' returns on equity (RoEs) to an average of 8.2 percent in 2015.

Himal Patel, 13 January 2015
Obama signs Tria into law

President Obama yesterday (12 January) signed a six-year renewal of the Terrorism Risk Insurance Act (Tria), ending the period of uncertainty over terrorism coverage triggered by the programme's lapse

Jenny Messenger, 13 January 2015
Shah moves to capital markets role in AIG statement of intent

Samir Shah, the executive who overhauled American International Group (AIG)'s reinsurance purchasing, is moving to the new role of head of capital markets and catastrophe risk, The Insurance Insider has learned

Adam McNestrie, 13 January 2015
PartnerRe head of catastrophe leaves for Lloyd’s

Brian Secrett, head of catastrophe reinsurance at PartnerRe, is leaving the Bermuda-domiciled reinsurer, The Insurance Insider can reveal.

Adam McNestrie, 13 January 2015
Acappella confirms David Jones appointment

Acappella Syndicate 2014 has today (12 January) confirmed the appointment of David Jones as divisional head of its casualty insurance portfolio, a move revealed by The Insurance Insider in July

Jenny Messenger, 12 January 2015

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