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Wyden letter scared off Platinum bidder
Platinum received an $82 per share offer for the company in June before the unknown bidder backed off amid concerns about a potential regulatory crackdown on offshore insurers. Normal 0 false
Fiona Robertson
,
22 December 2014
Pine River Re disbanded following rating failure
Proposed start-up Pine River Re has been disbanded after the hedge fund reinsurer failed to secure the A- rating it was seeking from AM Best, The Insurance Insider revealed last week.
David Bull
,
22 December 2014
V3 to expand workers’ comp programme with Berkshire backing
US managing general agency V3 Insurance Partners has secured capacity from Berkshire Hathaway for its web-based workers' compensation programme that will allow it to significantly expand in 2015.
David Bull
,
22 December 2014
Aviation treaty market flat
All-risk aviation reinsurers are renewing most treaties flat or with low single-digit rate increases, despite taking losses in 2014, The Insurance Insider understands.
Adam McNestrie
,
22 December 2014
Late marine renewals softer than expected
Marine treaty rates look set to drop at speeds in line with the property cat reinsurance market at 1 January despite more than $300mn of deterioration on the Costa Concordia loss, The Insurance Insider understands.
Adam McNestrie
,
22 December 2014
IAG gets rate cut despite pending loss hike
Australasian cedant IAG looks set to secure a meaningful rate reduction on its gargantuan catastrophe treaty despite a big deterioration on its losses from the New Zealand earthquakes of 2010/11, The Insurance Insider can reveal.
Adam McNestrie
,
22 December 2014
US casualty ceding commissions continue to rise
Ceding commissions on pro-rata US casualty reinsurance will continue to rise in the January renewals, but the rate is slowing from last year, The Insurance Insider understands.
Adam McNestrie
,
22 December 2014
US cat renewals down double digits
But bonfire of terms and conditions fails to materialise as underwriters show resolve
Adam McNestrie
,
22 December 2014
Integro in dual acquisitions
Expansive broker and risk manager Integro has completed its second acquisition this month with a deal to buy entertainment specialist Ventura Insurance Brokerage on undisclosed terms.
22 December 2014
Vibe Syndicate hires Ace casualty treaty underwriter
Ace's senior casualty underwriter Clive Archer has joined live Lloyd's start-up Vibe Syndicate 5678, The Insurance Insider has learned.
22 December 2014
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